How is Europe impacted by transatlantic and U.S.-Chinese trade tensions and by trade with China itself?
The U.S. current account deficit has widened to a degree that few had thought possible. Under Trump, it could become an explosive device for the world financial system.
Solutions exist for Trump to address the U.S. trade deficit effectively. But he will never implement them.
In the tit-for-tat retaliation gaming with the United States over imposing tariffs, China is at a disadvantage.
Far from strengthening the U.S. economy, Trump’s punitive tariffs destroy global supply chains.
By moving forward with the bilateral trade deal, Japan and the EU are making clear that the global appetite for trade deals outside of the U.S. remains strong.
What Europe earns by selling goods to the U.S., it spends on licensing fees for U.S. technology and on U.S. services. Nothing unfair here.
As China’s example shows, a country needs to invest in its future prosperity. Tariffs and tax cuts are no way to get there.
Major U.S. companies cannot be happy about the effects that President Trump’s trade war with China will have on their business fortunes.