Janet Yellen warns China against flooding the world with cheap exports of clean energy. Excess industrial capacity and government support in China's clean energy sector were discussed by US Treasury officials. The US, EU, South Korea, Japan, and Australia are implementing subsidy programs to protect their domestic industries and compete with China.
CGTN spoke with Otaviano Canuto, a senior fellow at the Policy Center for the New South, about the current and future impact of the China-U.S. trade war on Latin America and Europe.
The hike in tariffs imposed by the United States against its major trading partners since early 2018 has been unprecedented in recent history. President Trump alluded to, among others, the goal of revitalizing jobs in the country's manufacturing industry by protecting it from unfair trade practices of other countries, particularly China. However, according to a study by two Federal Reserve Bank staff - Aaron Flaaen and Justin Pierce - released last December 23, the effect so far has been just the opposite, i.e. a reduction in U.S. manufacturing employment!
Over the past two years, with the US-initiated war, investors from Taiwan, Japan and the US have already accelerated the transfer of assembly lines and supply contracts in their ITC value chains from China to Vietnam, Thailand, Indonesia and, to a lesser extent, Mexico. On the other hand, the leap to the top of the technology ladder is what seems to be required long before the expected time…
This week's Voices interview (10/29/2019) is with Otaviano Canuto, of the Brookings Institute and the Policy Center for the New South - formally of the World Bank, as we visit him once again to discuss the economy. He speaks about the U.S. economy slow down and about the world economy, which could struggle after the Brexit event. Listen to his insight on this week's Leader Campus Voices.
Even from the standpoint of those Latin American economies accruing short-term gains from the trade war between U.S. and China, the negatives will likely outweigh the positives
Published September 12, 2019 at 5:56 PM Economic ties between China and Latin America have grown exponentially over the last couple of decades. The recent trade war between China…
Instead of "rule of (multilateral) law", the US's bilateral handling of its super-strong market condition (24 percent of global GDP) more closely resembles a “law of the jungle” where the stronger imposes with force its will on the weaker.
The US-China trade truce will become a time-out or an armistice pending on China's response regarding technology policy The trade truce between the United States and China, announced…
Project Syndicate Prospects for growth in global trade in 2016 and 2017 have been downgraded again. The World Trade Organization (WTO) now expects that trade this year will increase…
