Global Economy

admin June 17, 2018

Rick Shade navigates through the rows of trees, seamlessly disappearing into the branches, rummaging through the leaves, before finally turning around with a look of triumph. “This fruit here it’s in the sweet spot,” he says holding up a single dark green avocado, the stem still attached. “A tinge of color on the peel.” He […]

admin June 16, 2018

ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day on. At night, cargo […]

admin June 16, 2018

President Donald Trump’s tariffs on Chinese goods are intended to help American companies that have been hurt by Beijing’s industrial policies. But in the short term, at least, many American businesses may be the ones feeling pain. Deals are in limbo. Companies say critical supplies they need to make products could jump in price. And […]

admin June 16, 2018

ON JUNE 13th the Federal Reserve raised its benchmark interest rate by a quarter of a percentage point, the seventh such increase since it began shouldering rates away from zero in December 2015. Markets shrugged—a rather different reaction from the one that followed a policy adjustment made five years ago this month. The chairman then, […]

admin June 16, 2018

The world’s two biggest economies are now at war over trade. China accused the United States of firing the first shot on Friday when the White House said that it would impose tariffs of 25% on $50 billion worth of Chinese goods. The announcement confirms a threat first made by President Donald Trump in March […]

admin June 16, 2018

THE teller at ICBC, China’s (and the world’s) biggest bank, ushers a new, well-heeled customer into a private room. It is not for VIP treatment but a stern warning. The customer wants to invest in products offering higher returns than a basic savings account. The teller fixes a camera on her and reels off a […]

admin June 16, 2018

So much for TGIF. Stocks dipped after President Trump announced $50 billion in new tariffs on Chinese imports Friday, escalating worries about a trade war between the United States and China. China immediately responded with tariffs of its own, which could hurt US businesses. The Dow fell more than 280 points in the morning but […]

admin June 16, 2018

“JUSTIN has agreed to cut all tariffs and all trade barriers between Canada and the United States,” claimed President Donald Trump to laughter on June 8th, at the G7 summit in Quebec. The next day, in apparent seriousness, Mr Trump—who has slapped tariffs and quotas on imports of aluminium and steel from all the G7 […]

admin June 16, 2018

It’s been a bad week for the global economy, and the United States just made it even worse. The Trump administration confirmed Friday that it would move forward with tariffs on $50 billion of Chinese exports. Beijing called that a declaration of a trade war, and promised immediate retaliation. The week began with a chaotic […]

admin April 26, 2018

After a brief lull in the skirmishing, the trade battle between the United States and China is escalating once again. In the last 24 hours alone, the United States dealt a potentially crippling blow to a big Chinese tech company, Beijing hit out at a major American export crop, and President Donald Trump fired off […]