The US discount retailer Costco made a blast when it opened its first flagship store in China this week. Business analyst Sara Hsu see it as a way to keep costs down when tariffs go up during the ongoing trade war, she tells the Vancouver Star. Solid sales to Chinese consumers could keep costs in check for US consumers too. If they succeed in China.
Category Archives: USA
One year into the trade war, China’s negotiators have not been convinced US President Donald Trump is having the upper hand, says economist Arthur Kroeber to the Washington Post.
The trade war damages both US and China’s economy, and global trade. Financial and political analyst Victor Shih, Ho Miu Lam Chair associate professor of political economy at UC San Diego and author of the forthcoming “Economic Shocks and Authoritarian Stability,” gives an overview of the damage in the Los Angeles Times.
Foreign brands got into hot water when describing Hong Kong, Macau and Taiwan as independent countries. Business analyst Shaun Rein explains at the BBC it is not only the government fanning the flames but increasingly nationalistic consumers who boycott foreign brands stepping on political toes.
China is not manipulating its currency, says trader Jim Roger. When your currency gets hit by massive tariffs it is basic economics your currency goes down, he says to RT….
China has been saving much capital in US bonds and could use those resources to finance its debt and policies in the past. But what happens if China runs out of US dollars, asks political analyst Victor Shih in the New York Times.
New tariffs are not the main worry, as new shots are fired in the trade war between China and the US, says economist Arthur Kroeber according to Barron’s. Next is the upcoming disengagement between both economies and the question of what domains will be involved.
China is trying to find a way out of the irrational Trump policies, as the G20 convenes in Japan. Key is that China cannot afford to lose support from the international business community and the global economy, says economist Arthur Kroeber to the New York Times.