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Europe To Apply U.S. Tarrif Countermeasures
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The G7 summit held in Charlevoix, Quebec, on Saturday ended on a negative note. After two days of very difficult meetings mainly focusing on the protectionist stance taken by the U.S., tensions escalated after Canadian Prime Minister Justin Trudeau stated that Trump’s tariffs were insulting in the closing conference. The US president reacted with a Twitter tirade soon after, and true to his signature unpredictable and incendiary responses, he announced that he had ordered his representatives not to honour the Communique, due to Trudeau’s false remarks made after he had left...

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News
What Does Trump's Steel Tariff Mean For Trade Relations?
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After making good on his campaign promises to cut taxes and make regulatory rollbacks, US-president Donald Trump's proposed trade tariff is obviously an unexpected shock within his economic agenda.
 

What does Trump's new tariff actually mean?

First and foremost, the most worrying implication is a trade war. Other countries who export steel to the U.S are undoubtedly going to retaliate if Trump gets his own way. Triggering off a trade war may be "good" in the eyes of the President, but it can have a stifling effect on economic growth. Savvy observers have...

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News
The Quagmire Resulting From NAFTA Renegotiations
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The North American Free Trade Agreement, NAFTA, was enacted in 1994. It created a free trade zone between the US, Canada, and Mexico. The agreement has been one of the major concerns of the Trump administration's economic policies. During his campaign, President Trump promised to renegotiate the terms NAFTA with the goal of increasing the economic benefits the US receives from it.

 

Unfruitful 1st round of renegotiations

The first round of renegotiations took part in Washington from August 16th to 20th 2017. It began with what many seem to consider harsh and rigid attack and...

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Analysis
Difficoult relations between the USA and Germany
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Germany has had the privilege of enjoying a number of trade-related surpluses over the years. This is with a good reason especially considering they are one of the world's top exporters in the European Union and have close trading ties with the USA.

 

Long existing trade deficit

However, the recent past has seen a lot of backlashes especially coming from the Trump administration. The administration seems to be unhappy with the trade deficit that the USA has with Germany. Although it is something worth looking into, it may be an unwarranted move especially considering Germany's...

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Analysis
Asia’s Exports Back on Track
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For the first time in 15 years, the global trade grew more slowly in 2016 than the world economy. Global and regional trade deals seem to be going nowhere, but the American president, Donald Trump, has assured his country of protection against “carnage” inflicted on trade. 

In the midst of this snag in the global market, Asia’s exports seem to be heading in the right direction. For the first time in ten months, Chinese exports in January went up year-on-year, while there has been an increment in South Korean’s shipments for three consecutive months. From the...

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Inside Story
Britain Eyeing Golden Trade with America
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As Donald Trump assumes office, there is uncertainty of America's relation with the Britain. This is following an interview with the Times and Germany's BILD-Zeitung, where Trump mentioned that he wanted a "very Quick" trade agreement between these two countries.

Considering America is a heavy consumer of Britain exports and financier expertise, any trade agreement between them is very important. In fact, Britain has been exporting goods worth $121 billion to America and trades even more with America on insurance more than it does with EU. The World Bank classifies...

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