It has been said many times that one should not be guided by fear. That fear is a bad counsellor. But is that really so?
The US administration’s new tariff threats against Mexico and India show that the US has a tendency to expand its range of trade frictions with other countries. This has undoubtedly created further impact on the global capital market.
The G20 summit, which ended in Osaka last week called for fairer and more inclusive trade arrangements with the backdrop of China and the US calling a truce to their ongoing trade feud and with other countries calling for freer trade.
The resolute determination of the various Asean leaders calling for the swift conclusion of the Chinese-led Regional Comprehensive Economic Partnership (RCEP) by the end of the year suggests that China has taken the lead in geopolitical leadership in the region from the US.
The Shangri-La Dialogue that ended last week dominated the heightening tensions between the US and China on both the economic and military fronts which is a deep source of regional anxiety in the Asia-Pacific region.
The famous German philosopher and economist Karl Marx once wrote in his 1848 Communist Manifesto that workers would have “nothing to lose but their shackles” in the struggle against their capitalist oppressors.
US President Trump has threatened to impose tariffs on Mexico to put pressure on the country to keep migrants from crossing into the US. Mexico has said the tariffs would only make the migration problem worse.
Since the term “unicorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billion or more, the number of companies matching this label has mushroomed to 326, according to a report.
The US Treasury Department has declared that no major trading partner of the United States meets the standard of currency manipulation.
China has built 31 highways and eight bridges for Cambodia with a total highway length of 3,000 kilometres. “What has the US done in this area?”, the Chinese Embassy said in reaction to the accusation by US against China on trade.