China is the world’s biggest importer of soybeans, most of which are used for animal feed. In 2017, it was also the second-largest importer of US agricultural products, buying US$19.6 billion of goods, with 63 per cent of that money going on soybeans. Any punitive tariffs on soybeans would have a huge impact on American […]
One inconvenient feature of the global trading system is that efforts to protect the jobs of voting workers in one country risk affecting jobs, and perhaps votes, in another. Thus President Donald Trump’s proposed tariffs on imported aluminium and steel, offered with the rationale that American metalworkers had been losing jobs to foreign competition, alarmed […]
Last week, President Donald Trump’s announcement that he would be slapping steep tariffs on imported steel and aluminium set off fears of a global trade war. But in reality, the international trading system has been unraveling for some time. After taking a quick glance at the World Trade Organization today, one might be excused for […]
What’s clear is that almost overnight the US has transformed from a pre-eminent advocate of free trade into a protectionist villain in the eyes of both friends and foes. The bigger threat, however, is trade war turning into hot war, as the nationalist fervour extinguishes the fruits of globalisation. Read Here – Al Jazeera
For better or for worse, the globalization train has long since left the station, and the idea that one can turn it back is utterly naive. Whatever might have been done differently before US President Richard Nixon visited China in 1972 is no longer possible. The fate of China, and its role in the world, […]
The United States and India are headed for a trade war over protectionism and immigration laws. Can the two countries stop themselves before it gets too late? Read Here – Foreign Policy
looking beyond borders 