* INTERVIEW: China to rule the world, British author says Part 2 Oct 5, 2009
TT: You mention that the West and the US could resort to a trade war if they see the current international system as befitting China too much. Are we on the brink of a trade war ... But if it carried on and were to turn into a trade war, it would start like this anyway. (Taipei Times, Taiwan -- Taiwan)
Answer Desk: There are no winners in trade wars Oct 5, 2009
Answer Desk: No winners in trade wars - Answer desk- msnbc ... No one ever wins a global trade war ... Unfortunately, in a global trade war, everybody loses. (MSNBC -- Business)
No Olympics in Chicago: How big a blow to Mayor Daley? Oct 3, 2009
The city's loss, says Mr. Jackson, is evidence "that in globalization, there are no predictable winners the same in the trade war, the Iraq war, and the Olympics war. It says something about the integrity of the process.". Chicago's defeat in Copenhagen Friday followed a disturbing event the beating death of an honors student after school Sept. 24. (Christian Science Monitor -- USA)
Rosenberg: Go Long Commodities Oct 3, 2009
Gluskin Sheff's David Rosenberg says investors should go long commodities to take advantage of the brewing trade war. First came the U.S. tariffs on Chinese-made tires a few weeks ago, Rosenberg writes in a daily note, also noting that the European Union has begun imposing anti-dumping duties of nearly 40 percent on imports of steel pipe from China. (Newsmax)
Obama trip is unnecessary Sep 30, 2009
Maybe President Barack Obama thinks a little getaway to Copenhagen, Denmark, to plug Chicago as the site for the 2016 Summer Olympics will be a respite from the health care brouhaha, the shaky economy, Iran's nuclear ambitions, the war in Afghanistan, Israeli-Palestinian peace negotiations, getting troops home from Iraq, North Korea's nuclear ambitions, efforts to close the Guantanamo Bay prison, global warming and a pending trade war with China among other things. Then again, with that many... (Herald Online, SC -- Opinion)
Obama Foolishly Disses America's Chinese Bankers Sep 26, 2009
But rather than pursue the fiscal conservatism counseled by Siwei and other sober Chinese -- or just keep Beijing calm and cooperative -- Obama did something supremely idiotic: Last September 11, he launched a trade war with Beijing. For the next three years, Chinese tires will face a 35 percent import duty. (Human Events Online)
Colombia Unexpectedly Lowers Rate to 4% to Help Foster Economic Recovery Sep 26, 2009
I suspect if we do get the type of trade war Venezuelas hinting at, it would be hard for Colombia not to be hit on the export side, said de la Fuente. Recession. (Bloomberg -- Latin America)
U.S. protectionism risks trade war, distorts economic growth Sep 25, 2009
CHICAGO, Sept. 24 (Xinhua) -- The U.S. decision to increase Chinese tire tariffs risks starting a full-scale trade war, distorts economic growth and ultimately hurts consumers, according to a U.S. trade expert ... "As the world continues to globalize, economies will seek the most cost-effective inputs to increase the well-being of its citizens. Trade wars distort that growth and ultimately consumers suffer," he added. (Xinhuanet, China)
Tariffs bill will rebound Sep 25, 2009
Critics of protectionism rightly argue that barriers that would result from a trade war would negate any gains made by the intent to shield domestic industries. As such, they see this policy as a foolish confrontation with China. (Asia Times Online)
China-U.S. Trade Dispute Key Issue at G-20 Sep 25, 2009
Obama's Import Tax on Chinese Tires May Have Been First Shot in Trade War; China Holds $800B in U.S. Debt ... President Obama slapped a 35 percent import tax on Chinese tires, potentially setting off a trade war betweeh the world's largest and the world's fastest-growing economies ... When President Obama slapped a 35 percent import tax on Chinese tires this month, some warned it was the opening shot in a trade war. (CBS News)
Laffer: Depression Perilously Close, Still Sep 25, 2009
Politicians raised taxes on imports in an effort to protect American manufacturing, touching off a trade war. "It was the largest single increase in taxes on trade during peacetime and precipitated massive retaliation by foreign governments on U.S. products.". (Newsmax)
Shining example Sep 24, 2009
" It feels like the perfect message for the Obama administration to send out from a city which is about become the backdrop for 1,000 TV reporters from around the world. Hidden costs?On paper, Pittsburgh is a text-book example of how a globalised economy works. Old manufacturing jobs migrate to cheaper labour markets, so your steel is made in India and China. Everyone is closing up or moving out Jim Economos, restaurant owner Your population educates itself; then moves into the cleaner, more... (BBC News -- Americas)
* Carbon tariffs will cost a lot and deliver little Sep 24, 2009
This legislation, however, would do little to lower carbon emissions, but much to raise energy prices, destroy jobs and prolong the recession X with the extra sting of tariffs on foreign goods triggering a trade war. And far from aiding the negotiations, a bill that ties US negotiators hands could scupper an international agreement. (Taipei Times, Taiwan -- Business)
How Bush saved the country fromBush Sep 23, 2009
The greatest economist living in Tennessee today has an essay in the WSJ noting the additional (and more substantial) elements of the Great Depression: (1) the trade war launched by protectionists, (2) the massive tax increases that discouraged businesses from expanding, and (3) the massive expansion in government regulation of private enterprise, which similarly discourage businesses from expanding. Had Dr. Laffer mentioned the foolish diversion of limited taxpayer funds into the nonproductive... (Atlanta Journal-Constitution -- Opinion)
Mideast meeting seen as crucial step for Obama Sep 23, 2009
Though the move appears unlikely to spark a trade war, it infuriated China at a time when Obama wants Beijing's help on climate change and nuclear standoffs with Iran and North Korea. As a veto-holding member of the U.N. Security Council, China's support is crucial for getting new sanctions against Iran's suspected nuclear weapons program. (Florida Today)
* China appeals WTO ruling on film, book, audio-visual imports Sep 23, 2009
But it also showed that China was keen to play within the rules of the international trading system rather than pursuing a damaging trade war. China is appealing the panel ruling, an official at Chinas WTO mission said. (Taipei Times, Taiwan -- Business)
Liberalism Without Liberty Sep 23, 2009
Earlier this month he imposed a 35 percent tariff on tire imports from China, leading to talk of a trade war. The head of the United Steelworkers said the president was willing to "put himself in the line of fire for the jobs of U.S. workers." But Obama is clearly less willing to put himself in the diplomatic line of fire for other, less tangibly political reasons. (Townhall.com)
Protectionism roadblock to world economic recovery Sep 23, 2009
"Mr. Obama may not intend to start a trade war," the article conceded, referring to the tire dispute between the United States and China. "But trade passions once unleashed can be impossible to control.". (Xinhuanet, China)
Keep an eye on US-Chinese body language in Pittsburgh Sep 23, 2009
When the G20 meets, Washington and Beijing may be on the brink of a trade war over Chinese tire exports to the United States and the subsequent complaints from China about protectionist practices. That's obviously of great concern, not only for the U.S.-China trade itself. (Xinhuanet, China)
Read the 'JER' transcript Sep 22, 2009
Plus, President Obama risks a trade war with China to help his union friends ... He's risking a trade war with China could help his union friends ... GIGOT: The United States moved closer to a trade war this week as China threatened retaliation for President Obama's decision to slap a 35 percent tariff on tire imports. (Fox News)
Jaxport wary of China trade spat Sep 22, 2009
The U.S. will push back some more not enough to merit a trade war before it reaches a compromise with China, said Jim Trippon, editor of China Stock Digest, a research firm specializing in publicly traded Chinese companies ... The last thing you want to do in a recession is start a trade war or increase the cost of living for the unemployed ... Trade wars never solve anything in the long run. (Jacksonville Business Journal, FL)
What China's Hu Would Really Like to Tell Obama Sep 22, 2009
This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap a 35% tariff on tires produced in China an action that generated a flurry of stories in the media about the possibility of a U.S.-China trade war ... "The fact is, despite what the headlines in your financial press might say about China's 'strong' growth, our economy is still hurting thanks to the financial collapse your country inflicted on the world. Our export sector is particularly suffering,... (Time.com)
Trade wars, fundraisers and new lows Sep 21, 2009
1 What is the source of a brewing trade war between the U.S. and China. A: Tires. (San Francisco Chronicle -- Politics)
Obama's reform pushed off-track Sep 21, 2009
These actions may be a prelude to a trade war. Leo Gerrard, president of the United Steelworkers Union, has already declared that the U.S. market is flooded with Chinese steel, toys, medicine, dog food and so on, implying that he will call for more government-sponsored tariffs against products made in China. (Xinhuanet, China)
Obama steps toward protectionism Sep 21, 2009
Published: Thursday, September 17, 2009 1:16 AM CDT President Obama has chosen to placate his union backers with proposed tariffs on Chinese tires that could be the opening round of a trade war with China. In response to pressure from the United Steelworkers, President Obama imposed tariffs ranging from 35 percent down to 25 percent over the next three years. (Hudson Register Star, NY)
Goodyear workers approve new 4-year contract Sep 20, 2009
China tried Tuesday to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new U.S. duties but wants to avoid harming relations. "U.S. and Chinese trade and economic relations are the most important bilateral relations. We don't want to see anything bad happen to bilateral relations," said a Commerce Ministry spokesman, Yao Jian, at a news conference. (Fresno Bee -- Business)
Area bankers: rural economy better but still weak Sep 18, 2009
BEIJING - China tried to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new U.S. duties but wants to avoid harming relations. OMAHA, Neb. (Fresno Bee -- Business)
Study: 8 Million In U.S. Consider Suicide Sep 18, 2009
In other words: Trade Wars ... More than 8 million Americans this year are seriously considering suicide and Obama starts a Trade War ... A Trade War is nothing with regard to Unemployment. (CBS News)
Barack Obama and free trade: Economic vandalism Sep 18, 2009
They apply, after all, only to imports worth a couple of billion dollars last year, hardly the stuff of a great trade war. China is incandescent with rage; but China is a master of theatrical overreaction. (The Economist)
Protectionism rising despite G-20 vows on trade Sep 18, 2009
US-China tire spat unlikely to trigger trade war. China's complaint Monday over new U.S. tariffs on Chinese tires raised pressure on Washington but isn't likely to incite a full-blown trade war ... Trade warfare of the 1930s is widely blamed for prolonging and expanding the Great Depression. (Fresno Bee -- Business)
Bank of Japan keeps key interest rate unchanged Sep 17, 2009
BEIJING - China tried to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new U.S. duties but wants to avoid harming relations. TOKYO -- The Bank of Japan upgraded its assessment of the world's second-largest economy and held its key interest rate unchanged at a near-zero 0. (Fresno Bee -- Business)
China tyre row need not spark trade war: US official Sep 17, 2009
A spat over US tariffs on Chinese tyres need not trigger a trade war between Washington and Beijing, US Trade Representative Ron Kirk said Wednesday. "I don't believe it should or need spark any trade war," Kirk said during a visit to Brazil. (Sydney Morning Herald -- Business)
Is Obama walking his talk about protectionism? Sep 17, 2009
Jennifer Richmond, China director at Stratfor, a global intelligence company, said while the tariffs could define trade relations between the two countries for the next year, a full-blown trade war was unlikely ... "Obama will try to massage relations with China, despite this new tariff," Richmond said, referring to Obama's awareness that picking a trade war with China would not help the United States emerge from the ongoing economic crisis. (Xinhuanet, China)
'Tire war' strainsUS-China relations Sep 17, 2009
Some analysts have expressed concern that the White House's harsh response to growing Chinese tire imports could spark a trade war of retaliatory tariffs and spur a protectionist trend in US trade policy. "The good news is that we now have clarity about where the president stands on trade. The bad news is that his stance reflects his isolationist primary election campaign rhetoric and not the post-election messages of avoiding protectionism and repairing the damage done to America's... (Asia Times Online)
China Imports Surging Transform Conflict Over Obama Tariffs Into Phony War Sep 17, 2009
Sept. 17 (Bloomberg) -- Chinese consumers who buy $608 billion of goods from overseas are diminishing the prospects of a trade war with the U.S. ... Were not going to see a trade war, Obama said in a Sept. 14 interview at the White House. (Bloomberg -- US)
China's move to launch anti-dumping and anti-subsidy probes into imports of U.S. chicken products and vehicles was "based on the facts," Ministry of Commerce Spokesman Yao Jian said Tuesday.• China and U.S. rule out "trade war" Sep 16, 2009
China and U.S. rule out "trade war"_English_Xinhua. China and U.S. rule out "trade war" ... 16 -- China and the United States have continued to exchange words defending their retaliatory measures in their latest trade row, while offering assurance that neither want to see a trade war. (Xinhuanet, China)
China warns US tyre tariffs will harm trade ties Sep 16, 2009
It will do no good for the world economic recovery," he added. He was asked whether the trade flap would spoil the atmosphere for the upcoming G20 summit, but he declined to address the question. Amid warnings that a jump in Chinese-made tyres had cost more than 5,000 jobs in the United States, President Barack Obama on Friday imposed punitive duties of 35 percent on the Chinese imports, invoking a WTO rule. The step ignited the first trade spat of Obama's presidency just as he prepared to host... (Channelnewsasia.com)
China, U.S. may avoid trade war over tire tariff Sep 16, 2009
WASHINGTON China's complaint yesterday over new U.S. tariffs on Chinese tires raised pressure on Washington but isn't likely to incite a full-blown trade war. Each side knows its economy has too much to lose. (Honolulu Advertiser)
World markets rise after better US economic data Sep 16, 2009
But analysts said a full-out trade war was highly unlikely given how much is at stake for the two increasingly intertwined economies. Stocks rise on China data, Geithner remarks. (Fresno Bee -- Business)
Dow recovers to end with moderate gain Sep 16, 2009
Stocks slid at the open following a drop in overseas markets on worries that a trade war would erupt between the U.S. and China. But the market recovered from the early dip and ended up 21 points. (Honolulu Advertiser)
Unions Have Powerful Friends, But Fade With Public, Economy Sep 16, 2009
In doing so, the administration sided with the United Steelworkers despite the risks of a trade war with China, the largest holder of Treasuries at a time of record U.S. deficits. That's only the most recent example of Washington's union friendliness. (Investors Business Daily)
* China says data show US tariff not fair Sep 16, 2009
Both countries moved to allay concerns of a trade war, but the row over Washingtons decision to impose added duties on Chinese-made tires showed no signs of abating as Beijing said the US move was sending the wrong message to the rest of the world ... But he added he was sure a trade war could be averted. (Taipei Times, Taiwan -- World Business)
Trade: Obama’s misguided tire tariffs Sep 16, 2009
A trade war with China may hurt all Americans. And further economic distress only hurts the prospects of a costly new health initiative. (Boston Globe)
China says it doesn’t want trade war Sep 16, 2009
China says it doesn t want trade war - The Boston Globe ... China says it doesn t want trade war ... BEIJING - China tried yesterday to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new US duties but wants to avoid harming relations. (Boston Globe)
Blocking tires, Obama sets bad precedent Sep 16, 2009
All the cool heads in the world hope that the trade spat triggered by U.S. President Barrack Obama's decision to heavily tax imports of Chinese-made passenger-car tires, will not escalate, for a full-blown trade war between the world's two most important economies is likely to derail a global economic rebound ... After all, a trade war across the Pacific is the least the two countries and the world want, against a backdrop of global economic fragility. (People's Daily Online, China)
Investors: Keep an eye on the market bubble Sep 15, 2009
The trade war that started this week with the Chinese could lead to substantial disruptions in the financial markets. As you already know, the Chinese own about $1 trillion in US government asse 00000231 ts. (New York Post -- Business)
China calls for WTO talks on U.S. tire tariffs Sep 15, 2009
While Chinas quick response threatened to escalate the battle, many private economists said they expected both sides would find a way to avoid a full-blown trade war that would harm producers in both countries. The big message from China to the United States is think twice, think three times before repeating this kind of relief for a U.S. industry because if you do this again, we are going to hit you again, said Gary Hufbauer, a trade expert at the Peterson Institute, a Washington think... (MSNBC -- International)
China says US must avoid triggering trade tensions Sep 15, 2009
While further criticising what he called the US "abuse" of WTO rules in imposing the tariffs, Yao signalled China might be willing to avoid an all-out trade war through negotiations. "We do not like to see... anything that negatively impacts bilateral trade, including US abuse of such measures," he said. (Business Report, South Africa)
Industrials, utilities pull stocks higher Sep 15, 2009
Stocks slid at the open following a drop in overseas markets on worries that a trade war would erupt between the U.S. and. But the market recovered from an early dip that sent the Dow Jones industrial average down 69 points as investors seized on the opportunity to inject new money into shares. (USA Today -- Money)
China Says Tire Spat Shouldn't Hurt US Ties Sep 15, 2009
China tries to ease fears of trade war with Washington but will press tire case at WTO ... China tried Tuesday to allay fears of a trade war with Washington over tire tariffs, saying it will press a World Trade Organization case against new U.S. duties but wants to avoid harming relations. (ABC News -- Business)
Obama Warns Wall Street: 'History Cannot be Allowed to Repeat Itself' Sep 15, 2009
The president stressed in television interviews on Monday that there will not be a trade war with China over the tire tariffs. "I think that there are some tensions around this, no doubt about it. But my message is very simple: We have rules on the books," he said in an interview with Bloomberg News. (ABC News -- Business)
Most Asian Stock Markets Advance Sep 15, 2009
But analysts said a full-out trade war was highly unlikely given how much is at stake for the two increasingly intertwined economies. Global markets have recovered much of their losses since the failure of Lehman Brothers Holding Inc. a year ago froze the financial system and deepened the world economic downturn. (ABC News -- Business)
Stocks Post Moderate Gains Monday Sep 15, 2009
The day's early losses were tied to fears that a trade war could erupt between the U.S. and China. The U.S. has imposed trade penalties on tires coming from China. (KWTX.com, TX)
Tire tariff dispute unlikely to expand Sep 15, 2009
WASHINGTON - China s complaint yesterday over new US tariffs on Chinese tires raised pressure on Washington but isn t likely to incite a full-blown trade war. Each side knows its economy has too much to lose. (Boston Globe)
Utilities Help Pull Stocks Higher After Early Fall Sep 15, 2009
Stocks slid at the open following a drop in overseas markets on worries that a trade war would erupt between the U.S. and China. But the market recovered from the early dip that sent the Dow Jones industrial average down 69 points as investors seized on the opportunity to inject new money into shares. (ABC News -- Wire)
US-China Tire Spat Unlikely to Trigger Trade War Sep 15, 2009
China balks at US tire pressure, but 2 economies need each other; wider trade war unlikely ... China's complaint Monday over new U.S. tariffs on Chinese tires raised pressure on Washington but isn't likely to incite a full-blown trade war. (ABC News -- Wire)
Asian stock markets narrowly mixed Sep 15, 2009
But analysts said a full-out trade war was highly unlikely given how much is at stake for the two increasingly intertwined economies. Global markets have recovered much of their losses since the collapse of Lehman Brothers Holding Inc. a year ago froze the financial system and deepened the world downturn. (ABC 7 News, DC)
Trade and markets Sep 15, 2009
Trade war fears or a technical adjustment ... A genuine trade war between two of the biggest economies, with its potential to spill over into other countries trade, would be terrible news for the global economy and therefore markets. (FT.com -- Markets)
America's Tired Protectionism Sep 15, 2009
Trade: President Obama has fired the opening salvo in a trade war with China by slapping 35% tariffs on its tires. But besides giving China a kick, this protectionism will harm Americans across the economy. (Investors Business Daily)
Obama Says U.S. Job Losses Ending, Vows to Push on Wall Street Regulations Sep 15, 2009
Were not going to see a trade war, he said. There are some tensions around this, no doubt about it. (Bloomberg -- US)
Obama warns China he will stick up for trade rules Sep 15, 2009
"We're not going to see a trade war. I think that there are some tensions around this, no doubt about it. But my message is very simple: We have rules on the books.". The president meanwhile told CNBC that he was "not surprised" China was upset, but pointed out that Washington had a "huge economic relationship with China" and a "strong strategic relationship.". (Channelnewsasia.com)
Rand a touch off Sep 15, 2009
Last Upd: 12:16pm 14 Sep 2009. R3,000 free @ Prestige Casino. (iAfrica.com)
Canadian Dollar Falls by Most in September as Oil Declines for Second Day Sep 15, 2009
The potential trade war with China squeezed a few dollar shorts out. As the risk trade comes off, the Canadian dollar has been tagged a little bit. (Bloomberg -- Canada)
Boehner: Obama needs 'exit strategy' from private sphere Sep 15, 2009
Tuesday, September 15, 2009. By Tony Romm - 09/14/09 01:15 PM ET. (TheHill.com)
Why the China-U.S. Trade Dispute Is Heating Up Sep 15, 2009
"A trade war would be regrettable, but creating a long-term deterrent to U.S. protectionism may require retaliation.". Such sentiments raise the ugly specter of rising global protectionism. (Time.com)
