Trump threatens tariffs on Spain
18h
U.S. President Donald Trump threatened tariffs on Spain over its refusal to raise defense spending, and the European Commission in Brussels pledged to respond appropriately.
Views for @asia.nikkei.com: Still, even if another trade war ceasefire is reached in South Korea, the latest round of exchanges has deepened mistrust and is 'likely to accelerate the bifurcation of supply chains.'
asia.nikkei.com/economy/trad...
asia.nikkei.com/economy/trad...
China's rare-earth miners flying high as export rules tighten
Prices, profits and shares trend upward amid high-stakes US negotiations
asia.nikkei.com
2/9
If true, this could be a very high-risk strategy. According to the WSJ, "With hiring slowing, manufacturing contracting and prices rising, many economists say the U.S. isn’t positioned to absorb another major trade fight with China."
If true, this could be a very high-risk strategy. According to the WSJ, "With hiring slowing, manufacturing contracting and prices rising, many economists say the U.S. isn’t positioned to absorb another major trade fight with China."
7/9
That is why I suspect that an escalation of global trade conflict is likely to be more difficult for China in the medium term, even if its ability to control the financial system and ignore short-term pain puts it in a stronger position in the short-term.
That is why I suspect that an escalation of global trade conflict is likely to be more difficult for China in the medium term, even if its ability to control the financial system and ignore short-term pain puts it in a stronger position in the short-term.
//// New Working Paper //// "Accounting for Trump Tariffs" is available at papers.ssrn.com/sol3/papers...
Reposted by Alicia Garcı́a-Herrero
⛏️ Escalating US-China rare earth tensions signal determination to decouple
🧨 With trade relations between the US and China deteriorating rapidly, European companies will be hit hard by the fall out.
🕊️ Can a truce be reached?
🖊️ @aligarciaherrero.bsky.social
🔗 buff.ly/plQF2Y9
#EconSky
🧨 With trade relations between the US and China deteriorating rapidly, European companies will be hit hard by the fall out.
🕊️ Can a truce be reached?
🖊️ @aligarciaherrero.bsky.social
🔗 buff.ly/plQF2Y9
#EconSky
Escalating US-China rare earth tensions signal determination to decouple
The future may be parallel refining and supply systems for rare earths and associated technologies, as the US and China drift further apart
buff.ly
Reposted by Iikka Korhonen
China’s rare earths export restrictions dominated the trade ministerial in Denmark — further squeezing the EU between Washington and Beijing.
The EU should "reach out to the Americans," Danish FM Rasmussen told me.
"We are more or less in the same situation. We should use the G7 framework."
The EU should "reach out to the Americans," Danish FM Rasmussen told me.
"We are more or less in the same situation. We should use the G7 framework."
8/9
All this suggests that the key to how the latest events are resolved depends on whether Washington believes that it is in a stronger position to weather a 2-3 year trade conflict than Beijing thinks it is, especially if it is successful in reducing its trade deficit.
All this suggests that the key to how the latest events are resolved depends on whether Washington believes that it is in a stronger position to weather a 2-3 year trade conflict than Beijing thinks it is, especially if it is successful in reducing its trade deficit.