Category: Protectionism
The analysis published under this category are as follows.
Tuesday, July 10, 2018
As Trade Wars Broaden, Europe Is the Key to Future / Politics / Protectionism
By: Dan_Steinbock
As the Trump White House has started the “biggest trade war” in history, diplomatic activity is escalating from the transatlantic axis to China and the EU – America’s next tariff target. After the meeting of China and Central and East European (CEE) countries in Sofia, Bulgaria, Chinese Premier Li Keqiang rushed to the fifth round of intergovernmental consultations between China and Germany.
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Monday, July 09, 2018
How Trade Wars Penalize Asian Currencies / Currencies / Protectionism
By: Dan_Steinbock
Not so long ago, Asian currencies anticipated depreciation pressures to increase, due to monetary normalization. Yet, it is the trade wars that are now penalizing all currencies, particularly in exporting economies.In January, I gave a global economic briefing on the outlook of the Philippines in the Nordic Chamber of Commerce in Manila. At the time, the peso was still about 50.80 to U.S. dollar. Among other things, I projected the peso to soften to 54 or more toward the end of the year, which I considered largely the net effect of normalization in advanced economies, elevated trade friction worldwide, as well as fiscal expansion (the Duterte investment program).
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Saturday, June 30, 2018
Trade Tariff War Akin to Raising Taxes, Recession Looms / Stock-Markets / Protectionism
By: MoneyMetals
Mike Gleason: It is my privilege now to welcome in Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. Mr. Holmes has received various honors over the years, including being named America's Best Fund Manager for 2016 by the Mining Journal. He is also the co-author of the book, The Goldwatcher: Demystifying Gold Investing and is a regular guest on CNBC, Bloomberg, Fox Business, as well as right here on the Money Metals podcast.
Frank, welcome back and thanks for joining us again. How are you today?
Frank Holmes: I'm great, and it's great to be chatting with you about this languishing gold market.
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Tuesday, June 12, 2018
G7 Globalist Fear Trump Trade Reset / Politics / Protectionism
By: BATR
President Trump has announced that the U.S. piggy bank will no longer subsidize or be sucked dry to finance a pack of ungrateful allies. Keeping the Socialist EU afloat and putting up with backstabbers like Canada or allowing Japan to roll up massive trade surpluses must stop. The latest rumblings out of the UK are that all efforts are working overtime to nix the will of the Brit public from the Brexit vote. As for corporatists within the United States, the bulwark of opposition to Trump's push to demand reciprocal treatment from "so called" trading partners means an end to the gravy train of plundering American workers and ripping off a viable domestic economy.
Saturday, June 09, 2018
Billionaire Schools Teacher in NAFTA Trade Talks / Politics / Protectionism
By: Richard_Mills
What’s the best way to deal with a teacher who comes into your school and starts threatening all the other teachers? Well if you’re Liberal party leader, and Canada’s Prime Minister, Justin Trudeau, the answer is to lecture the bullying teacher about how his approach isn’t the way to get along with all the other teachers. If you’re the bully, you’re not going to listen to that, and instead, will react to the head teacher’s scolding by insulting him, or maybe putting him in a headlock. If that doesn’t work in getting your way, you could try to turn the other teachers against each other, dealing with them separately instead of with the whole teaching staff. “Divide and conquer” works well for bullies.
This little analogy is how we might look at the way Donald Trump has manipulated Canada and Mexico into a situation where not only have they failed to recognize and counter a typical Trump “art of the deal” strategy in coming up with a renewed tri-lateral trade agreement, but where the two countries may now be forced to negotiate separate trade deals with their largest trading partner. How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors? This article will address these questions.
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Monday, June 04, 2018
US Tariffs vs China, EU, NAFTA – and the Rest of the World? / Politics / Protectionism
By: Dan_Steinbock
After months of trade war with China, US subjected its EU and NAFTA partners to steel and aluminum tariffs. EU leaders missed a year seeking appeasement with Trump’s protectionism. It’s time to defend the multilateral trading regime.
Unsurprisingly, the European Union (EU), Canada and Mexico have lambasted the US steel and aluminum tariffs. European Commission (EC) President Jean-Claude Juncker criticized Trump’s tariffs and pledged retaliation in due time. French President Emmanuel Macron and German government spokesman called the move unlawful. In Britain, the Brexit proponents and opposition quickly blamed each other for the tariffs. Canadian Prime Minister Justin Trudeau said the tariffs would “harm industries and workers on both sides of the Canada-US border.”
Saturday, June 02, 2018
The EU Respond Angerly to Trump’s Steel and Aluminium Tariffs / Politics / Protectionism
By: Ben_Jardine
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Wednesday, April 18, 2018
How China Can Respond to Trump’s Tariff Trade War / Politics / Protectionism
By: Dan_Steinbock
In the trade war against China, the White House’s “America First” advocates are relying on trade instruments that contained Japan’s rise in the 1980s. But China is not Japan. It has ten ways to hit back.On Tuesday, China said it would impose anti-dumping duties on imports of U.S. sorghum. As the largest buyer of U. sorghum - about $1 billion annually - China holds substantial leverage. Currently, China relies almost solely on the US for its sorghum. As bilateral trade relations erode, that kind of reliance may soon be a thing of the past.
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Wednesday, April 11, 2018
Time to Safeguard Global Free Trade / Politics / Protectionism
By: Dan_Steinbock
For a year, President Trump has promoted global division and trade friction, while China has defended global trade and cooperation. It is time to defend the open, global economy.If President Xi Jinping’s speech was highly anticipated in the Boao Forum, it was even more eagerly waited in Washington and Wall Street, as trade tensions have begun to penalize US markets.
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Wednesday, April 04, 2018
Trade War - Trump Makes Emperor Xi Happy / Politics / Protectionism
By: Raul_I_Meijer
Dr. D: Since tariffs are in the news again, let’s run down the topic , first in micro, then in macro.
Read full article... Read full article...“Trump said this week he’ll slap 25% tariffs on $50 billion to $60 billion in Chinese exports to the U.S., including aerospace, information and communication technology, and machinery. The move is aimed at countering Chinese cyber and intellectual property theft of U.S. technology . It also tries to push back against China’s demands for technology transfers from U.S. companies in return for access to China’s market.
The Chinese government, in turn, said it would hit U.S. shipments to China with $3 billion in tariffs, affecting goods such as pork, aluminum pipes, steel and wine.
Saturday, March 24, 2018
TRADE WAR / Politics / Protectionism
By: Gary_Tanashian
It has in the past been “the financial crisis”, “the Euro crisis”, “Greek debt”, “Italian banks”, “the fiscal cliff”, “Brexit” and so on. Every one of those events an extension of Keynesianism and its debt-leveraged monetary magic tricks. But now the buzz phrase is “trade war”, a different kind of animal.
The brewing trade war with China is different. With every damn one of the events noted above we here in the anti-hype environs of nftrh.com (and before it, biiwii.com) have tried to maintain perspective about why it was occurring (Thing 1, which we had anticipated in essence if not in the exact way it played out) or why they would not prove long-term bearish or bring on the end of the world (Things 2-6).
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Friday, March 23, 2018
US Trade Tariffs - Trading Barbs Down To The Wire / Politics / Protectionism
By: Brady_Willett
The opening salvos have been fired and the body count could soon start piling up. No, I am not talking about the steel and aluminum tariffs announced by Trump a couple of weeks ago (which seemed to be more of a ploy to try and encourage favorable NAFTA/trade negotiations rather than a real act of ‘war’). Rather, the sides doing battle now are the world’s two biggest economic guns – the U.S. and China!
Trump slaps China with about $60 billion in tariffs CNBC Memorandum
China responds to Trump tariffs with proposed list of 128 US products to target CNBC
Sunday, March 18, 2018
Trade Tariff Schizophrenia / Politics / Protectionism
By: Raul_I_Meijer
Dr. D: The schizophrenia surrounding the tariff plan is really startling. But then I could just say, “the level of insanity everywhere is startling.”
Self-avowed schmartz-guys are all “doesn’t the U.S. know their empire is failing and everybody is cutting them off? What are they thinking starting trade wars with allies and raising prices???” Stop. So your argument is the U.S. is losing its influence, other nations are about to cut it off and end the trade deficit, and thereby basically halt imports? While the U.S. has no internal manufacturing? And your argument here is that, not if but when the world cuts us off we a) would like to have some steel and aluminum to build factories, washing machines and tanks or b) do NOT want to have access to the basic raw materials of society? Whiskey Tango Foxtrot.
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Wednesday, March 14, 2018
Trade Tariffs Defeat Globalists and Return Prosperity / Politics / Protectionism
By: BATR
The corporate media lapdogs are economic illiterates. Their continuous preaching on imaginary virtues of 'FREE TRADE', which is a non sequitur used to rationalize corporatist globalism, has destroyed America's indigenous prosperity. These fraudulent pundits or fake news presenters are presstitutes for the transnational cartels that relish the de-industrialization of domestic enterprises. Collecting a pay check does not qualify as coherent analysis, much less achieving the real world experience of actually owning and running a business. Academics who compile graphs and statistics would find making a payroll for any venture where their own money is at stake, is lacking compared to a lowly business owner who pays themselves last. The correct history of tariffs are ignored and distorted to keep people economically dumb.
Friday, March 09, 2018
Here’s What The Trade Tariffs Really Mean / Economics / Protectionism
By: Rodney_Johnson
Every day, you plunk out cash to support your neighbors. And they support you. That’s how economies work.I buy from my local store, which employs people, and I use local services. Even when I buy from Amazon, the stuff has to get here somehow.
We also pay taxes, much of which goes to services that employ and support people in the community. In this instance, you can think of the entire nation as your community.
So, how much of your cash are you willing to give to your neighbors?
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Friday, March 09, 2018
Is this the Beginning of a Trade War? / Stock-Markets / Protectionism
By: Harry_Dent
I’ve been back stateside for three days now and already I want to turn around and head back down under.Jet lag feels about as bad as I imagine detoxing from crack is (thank you, Naomi, for your recommendations to help with this!).
Markets are in no-man’s land, trading in the middle of the rising bearish wedge channel. They’re either not interested or capable of pushing above the top trend line, and they seem equally disinterested in breaking below the bottom trend line.
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Wednesday, March 07, 2018
Trump Plays with Trade Fire / Politics / Protectionism
By: Peter_Schiff
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that "Trade wars are good, and easy to win." It seems like Trump thinks the conflict will play out much like Ronald Reagan's 1983 week-long invasion of Grenada rather than the more telling quagmires that unfolded in Vietnam, Afghanistan and Iraq. He's wrong.
Apart from overestimating America's bargaining position, Trump and his supporters grossly misunderstand the nature of international trade and how Americans have benefited from a system that has allowed us to continually consume foreign goods on credit. While this "benefit" has also placed a cost on domestic industries, I don't believe that Trump has any idea how a trade war can reduce current American living standards.
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Friday, March 02, 2018
Trump Risks Trade and Currency Wars – Protectionism and Economic War Loom / Commodities / Protectionism
By: GoldCore
– Global stocks slump as Trump risks trade wars
– Gold prices little changed despite dollar weakness after tariff news
– Trump announced plans to impose heavy tariffs on imported metals
– China likely to retaliate with heavy tariffs on U.S. agricultural exports
– Geo-political tensions with EU and of course China and Russia to escalate
– Trade, currency wars and competitive currency devaluations tend to lead to actual war
– Russia unveils next generation of “invincible nuclear weapons”
– Safe haven gold bullion a hedge against protectionism and economic war
Wednesday, December 20, 2017
Eclipse of US Free-Trade Legacy in Americas and Asia Pacific / Economics / Protectionism
By: Dan_Steinbock
Recently, all major US free trade deals in North America, Latin America and Asia Pacific have fallen under fire. As American legacy in free trade is dimming, there is a new opportunity for real free trade in Asia Pacific.Recently, Canadian Prime Minister Justin Trudeau concluded a visit to China. The joint talks about a free trade pact began over a year ago. As Trudeau left Beijing, Western media headlined “Trudeau leaves China empty-handed,” while Chinese Foreign Ministry said that “both China and Canada showed willingness to negotiate and sign a free trade agreement.”
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Monday, December 04, 2017
Canada-China Trade Amid NAFTA Friction / Politics / Protectionism
By: Dan_Steinbock
As tensions prevail in the NAFTA talks, Canada is hedging its bets by fostering consensus for a trade agreement with China.On Sunday, Canadian Prime Minister Justin Trudeau shall start a trade and tourism dialogue with Chinese officials during his ongoing visit to China. Canada and China began to talk about a free trade agreement (FTA) more than a year ago, following back-to-back meetings of Trudeau and Chinese Premier Li Keqiang in China and Ottawa.
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