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Showing 141 - 150 of 245 results for "tariffs"

Chief economist update: Wheels of US recession in motion

BENJAMIN ONG  |  THURSDAY, 22 AUG 2019
... counting the days when (not if) monetary policy will be returned to normal. Then Trump had to say something stupid like "tariffs" in the name of "national security" and since March 2018, global insecurity has grown to the point that it has boomeranged ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... effects... but for Trump - and his vow to "Make America Great Again" by beggaring its neighbours by imposing increased tariffs on US imports. History shows that this is a lose-lose proposition. The Smoot-Hawley Tariff Act - enacted on 17 June 1930 (the ...

Chief economist update: Look out below

BENJAMIN ONG  |  TUESDAY, 6 AUG 2019
... started trading in 2010. In its statement, the PBOC cited "unilateralism, protectionist trade measures, and expectations of tariffs against China" as influencing factors for the currency's depreciation (code for "take that, Trump"). China could sugarcoat ...

Chief economist update: Currency manipulators beware

BENJAMIN ONG  |  THURSDAY, 4 JUL 2019
... of raising them when it did. Certainly, it would put downward pressure on the US dollar and, coupled with his increased tariffs, would reduce the US trade deficit. Lower US interest rates and a cheaper currency will make America great again! Just think ...

Chief economist update: Iron ore on the up and up

BENJAMIN ONG  |  MONDAY, 1 JUL 2019
... perhaps US President Donald Trump and his war on trade with Beijing. There's no denying Washington's increased tariffs on imports from China has had deleterious effects on the Chinese economy. So much so the powers in Beijing have resorted to ...

Chief economist update: Thrilla in Osaka

BENJAMIN ONG  |  TUESDAY, 25 JUN 2019
... more polite than tit-for-tat tweets. But at the end of the day, those hopin' and wishin' and prayin' that the tariffs would just go away and watch Trump and Xi kiss and make up are sure to be disappointed. The uncertainty over an escalation/de-escalation ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
... Trump might get what he wants from the Fed too. For as IMF managing director Christine Lagarde recently warned: "US-China tariffs-including those implemented last year-could reduce global GDP by 0.5 percent in 2020. This amounts to a loss of about US$455 ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
... predicted in January) and 2.7% (from 2.8%) in 2020. Similarly, IMF managing director Christine Lagarde warned that, "US-China tariffs-including those implemented last year-could reduce global GDP by 0.5% in 2020 (see chart, bottom panel). This amounts ...

Chief economist update: US recession in the offing

BENJAMIN ONG  |  MONDAY, 3 JUN 2019
... Country, STOP. The Tariff will gradually increase until the Illegal Immigration problem is remedied......at which time the Tariffs will be removed. Details from the White House to follow [ sic ]." Donald Trump tweeted this renewed call to war on Mexico ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
... against Europe - Politico quotes European trade commissioner Cecilia Malmstrom warning EU trade ministers to brace for "US tariffs on billions of euros worth of European goods over a dispute about Airbus subsidies" - would only exacerbate the single ...