Showing 1 - 5 of 5
Trump's China trade 'big win' will cost America
News, Michael Schuman, Published on 27/02/2019
» Donald Trump believes he is about to score yet another big win on trade, this time with China. Progress in talks with Beijing, he claims, has been so "substantial" that he's delayed a looming March 1 deadline and is likely headed for a summit with China's President Xi Jinping to finalise a long-awaited settlement.
US cannot win a trade war by itself
News, Michael Schuman, Published on 22/03/2018
» As US President Donald Trump prepares a wide-ranging package of tariffs and investment restrictions targeted at China, a trade war between the world's two most important economies looks unavoidable. On the face of it, the US might seem to have the leverage it needs to win. Since it runs a huge trade deficit with China, the Chinese have a lot more to lose.
South Korea has some lessons Trump should heed
News, Michael Schuman, Published on 13/09/2017
» Advisers seem to have convinced US President Donald Trump not to trash the country's free-trade agreement with South Korea -- for now. Mr Trump himself still seems intent on extracting concessions from the Koreans and could yet withdraw from the deal. The irony is that, more than any other, South Korea's own story shows how foolish that would be.
Trump and Xi could well break the global system
News, Michael Schuman, Published on 07/04/2017
» The world's two most powerful leaders appear to come from different planets. Real estate billionaire Donald Trump craves media attention, loves golf and governs through Twitter. Communist Party boss Xi Jinping evades the public, shutters golf courses and bans Twitter. Sure, at their first meeting at Mr Trump's Florida club this week, the two men may discover some mutual interests -- say, a shared contempt for The New York Times. But they seem unlikely to hit it off.
Anti-trade policies would make the poor poorer
News, Michael Schuman, Published on 25/01/2017
» Without question, the most exciting economic story of the past half century has been the dramatic, and probably unprecedented, decline in global poverty. In a recent study, the World Bank estimated that in 2015, just over 700 million people remained trapped in desperate poverty, or 9.6% of the world's population. Those sound like big numbers until you compare them to 1990, when nearly two billion people languished in poverty -- a staggering 37% of the global populace. Such progress has raised the real possibility that extreme poverty can be eradicated in the not-too-distant future.