Tag: Free Trade

Is China an Economic Threat?

Tina Marie (Ms. Cat)

Is China an Economic Threat?

It seems that more and more Americans, pro-Trump or not, are concluding that trade with China is a threat to the United States. The objections are typically one of three: (1) freer trade with China after it was admitted to the World Trade Organization (WTO) in 2001 has cost U.S. manufacturing jobs; (2) the Chinese have thrived by stealing our intellectual property (IP) and that has made Americans worse off; and (3) the Chinese will use some of their progress in cybertechnology to engage in surveillance of Americans.

Each of these objections contains a kernel of truth. But the objections together are not nearly enough to offset the huge gains that Americans reap from freer trade with China.

Trump India visit news: Yet to finalise trade deal with India: White House – The Economic Times

Tina Marie (Ms. Cat)

US Trade Representative Robert Lighthizer, who has been negotiating a trade deal with India, is not travelling with Trump on the India trip. In fact, he had cancelled his earlier trip to India as well.

“We continue to talk to our Indian colleagues about addressing these market access barriers. Our trade teams, led by the USTR, have been in touch with their counterparts over the past several weeks. That engagement will continue,” the official said.

“The trade and economic relationship with India is critically important to the United States, and I think also access to the United States market is critical to the Indian government. We do want to make sure that we get this balance right. We want to address a bunch — a lot of concerns, and we’re not quite there yet,” the official said in response to a question.
— Read on economictimes.indiatimes.com/news/economy/foreign-trade/yet-to-finalise-trade-deal-with-india-white-house/articleshow/74252714.cms

Critically important because Apple has at least one plant in India. Why won’t Lighthizer even go to India?! 🤔💭

Modi-Trump Summit in Ahmedabad: From defence to economy, biggest takeaways from US president’s first visit to India

Tina Marie (Ms. Cat)

The bad news is that India and the US won’t be signing the limited Free Trade Agreement many had hoped for. They’ve chosen, instead, to work on something far bigger: a Comprehensive Economic Partnership Agreement, that will encompass not just duty-free trade of merchandise, but also free movement of professionals and easier investment norms.
The deal will take time of hammer out, because of its enormous complexity, but when it’s done, it should be a game-changer.
— Read on www.firstpost.com/india/modi-trump-summit-in-ahmedabad-from-defence-to-economy-biggest-takeaways-from-us-presidents-first-visit-to-india-8073241.html

 

Free trade for India, but not for anyone else?!

Which matters the most: Economic Nationalism or Economic Internationalism?

Tina Marie (Ms. Cat)

Economic nationalism is said to be as the body policies that emphasize domestic control of the economy, capital formation and labor. Economic nationalism underline the burden of tariffs and other movement of labor, which are restricted, it also include policies such as protectionism and import substitutions. Economic internationalism gives great concern on the effect of…
— Read on ipemdx2014.wordpress.com/2014/02/06/which-matters-the-most-economic-nationalism-or-economic-internationalism/