The Trump administration’s obsession with trade deficits is misguided. Instead, the U.S. focus should be on strengthening investment relations with China.
Despite relative stability at home, Brazilians are increasingly concerned about the decline of globalization in advanced economies, particularly in Europe.
At a moment of uncertainty and unease in global politics and economics, German Finance Minister Wolfgang Schäuble will offer his thoughts on the future of Europe, the transatlantic partnership, and the global economy, as well as preview the priorities of the Germany G20 presidency.
The future of the EU will be vital to Australia’s national interests, even though some Australians will continue to see Britain first when looking at Europe.
The Trump administration should review the policies behind the U.S. trade deficit with China before deciding on a new course of action.
Contrary to what one might first expect, Mexico’s role in global trade is actually beneficial to the United States. While restricting Mexican imports will reduce the American deficit with Mexico, it will increase the overall American deficit.
Large, persistent trade deficits are no longer driven by mercantilist measures, but by policies that distort domestic savings rates by subsidizing production at the expense of households.
Potential difficulties might arise during the negotiations on Britain’s withdrawal from the EU, but the 27 remaining EU member states will speak with one voice.
British and Turkish policymakers face a very similar conundrum: they both need to reconstruct a relationship with the EU under the newly changed assumptions about their future status.
The EU seems determined to clinch a trade accord with Japan by the end of 2017. That might be wishful thinking.