An International Monetary Fund (IMF) report on global imbalances, out tonight, makes no bones about the approach of US president Donald Trump of imposing stiff tariffs to overcome trade deficits: It’s a loser.
We have to watch the US-China trade dispute for its potential impacts here, along with many other international indicators of change. But the greatest influence unfolding internationally is much less about the intricacies of investment or trade behaviour.
US president Donald Trump has been spitting the dummy. Most of the toys are now out of the cot. Other people have been picking up those toys. Prepare for massive change in the international order.
Russian president Vladimir Putin wrote an article days before the September 2017 summit of the 5 BRICS nations in Xiamen, China, espousing views on economic issues – and on a wide range of other matters of international politics, but especially on an extremely wide range of potential areas of co-operation among the 5.
Trump the upheavalist – Onion highlighted US infrastructure decline in 2014 – Beyond the rentier economy – Fed governor encourages switch to deficits for Asian economies