Azevedo: Crisis in global trade sees need for stronger WTO
9/1/2018, 4:36:17 AMGlobal trade is under threat. Whether or not you call the current situation a trade war, certainly t ✔ Whether or not you call the current situation a trade war, certainly the first shots have been fired ✔ In some ways this conversation about strengthening the WTO isn't new--I have been working with members over recent years to achieve exactly this, and we have made real progress
Donald Trump threatens to pull US out of WTO - ‘It was set up to benefit everybody but us’
8/31/2018, 9:55:15 PMDONALD Trump has threatened to pull his country out of the World Trade Organisation (WTO) claiming it treats the USA “badly”. ✔ According sources speaking to Bloomberg, a third round of tariffs on $200bn (£154bn) of Chinese goods could come as soon as a public-comment period concludes next week ✔ The international rules will govern the UK’s relationship with the EU if there is no deal on Brexit ✔ He said: Our economy is up it has never been better
Trump won't travel to Australia, PNG
8/31/2018, 11:55:35 PMThere was speculation Trump would visit Australia in November as part of a tour that included stops in Singapore and Papua New Guinea for regional meetings. ✔ The Trump administration has touted an Indo-Pacific strategy aimed at increasing regional cooperation, notably with India, Australia and Japan, to counter China's influence, including in the disputed South China Sea, where Washington has mounted naval patrols to challenge what it sees as Beijing's excessive territorial claims
Trump to skip summits in Singapore, Papua New Guinea; Pence to attend
9/1/2018, 7:04:49 AMWASHINGTON--U.S. President Donald Trump will skip summits with Asian leaders in Singapore and Papua ✔ The Trump administration has touted an Indo-Pacific strategy aimed at increasing regional cooperation, notably with India, Australia and Japan, to counter China's influence, including in the disputed South China Sea, where Washington has mounted naval patrols to challenge what it sees as Beijing's excessive territorial claims
Stocks waver along with U.S.-Canada trade talks
8/31/2018, 9:23:41 PMStocks hardly budged Friday as the United States and Canada were unable to complete a trade deal, but the two sides intend to continue negotiating next week. ✔ Technology companies and retailers made some modest gains ✔ Gun and hunting and camping gear maker American Outdoor Brands skyrocketed 43.6% to $14.03 ✔ The Merval index has climbed over the last two days after the government asked for the early release of $50 billion in rescue funds
US bull run’s stamina faces tests after record charge
9/1/2018, 3:40:22 AMundefined ✔ The current market rally seems to confirm that adage at least for now ✔ While the developments with Mexico are clearly a good sign, the much bigger question for US equity investors remains how Donald Trump’s trade dispute with Beijing unfolds ✔ All told, heading into the final months of 2018 with the S&P 500 within striking distance of the 3,000 mark, the general mood remains bullish if cautiously so
Global tussle over auto-import tariffs shifts into higher gear
8/31/2018, 11:48:37 PMThe EU offers to drop auto-import tariffs to zero if the U.S. does the same, but President Trump says that's "not good enough." In the meantime, American car buyers won’t see any impact on sticker prices at dealer lots, analysts said Friday. ✔ In the European situation, it appeared with Malmstrom’s proposal that tariffs between the United States and the EU might be headed lower ✔ Currently, the United States imposes a 2.5% tariff on cars imported from the European Union and a 25% tariff on imported trucks ✔ Europeans still lean toward smaller hatchbacks, manual transmissions, diesel engines
Opinion | It’s time to end the ‘China hustle’ on U.S. stock exchanges
8/31/2018, 9:44:45 PMWe should end Chinese companies’ privileged status on U.S. stock exchanges. ✔ The Public Company Accounting Oversight Board, which was created under the Sarbanes-Oxley Act of 2002, lists foreign companies that deny it the ability to inspect their audits ✔ Read more: David Von Drehle: China is buying a world of headaches Thomas Jungbauer: Google’s censored search engine could actually help Chinese citizens Josh Rogin: Google’s China plan isn’t just evil it’s bad for business Isaac Stone Fish: How a restriction on Chinese-made subway cars makes life harder for commuters Yan Xuetong: To rejuvenate, China must continue opening up
How 3D printing could help save us from trade wars
9/1/2018, 12:58:35 AMRichard D'Aveni writes that, just as new technology in energy production and extraction have reduced our dependence on the Middle East, 3D printing is already poised to reduce our dependence on Asian factories. ✔ With conventional manufacturing, companies can't adjust a product until the next scheduled upgrade, because it's expensive to redo assembly lines ✔ But these temporary policy dislocations should not blind us from the long-term prospects of technology capabilities that are already within reach, and nimble enough to withstand shifting Washington trade policy
Trump's summer from hell
9/1/2018, 6:08:13 AMSummer break? Ha. Imagine how it felt for the Trump administration. ✔ Paul Manafort found guilty, won't flip MUST WATCH Manafort found guilty on 8 counts 02:34 The Russia investigation continues, but special counsel Robert Mueller got his first conviction when Paul Manafort, the former Trump campaign chief, was convicted last week in a Virginia federal court on eight of 18 counts of tax and bank fraud
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