President Donald Trump’s announcement that he would place tariffs on steel and aluminum imports has economists cringing. Conservative Republicans are dusting off the principles they learned in Econ 101, liberal Nobel laureate Paul Krugman is warning that Trump will start an economically destructive trade war, and prominent world leaders are vowing to prove Krugman right.
The president says they'll protect American jobs and bolster national security. They'll likely do neither.
Does US President Donald J. Trump’s startling and widely panned declaration to impose new tariffs on steel and aluminum imports set the stage for the United States’ exit from the World Trade Organization (WTO)?
Three beliefs about globalization have propagated since the early 1980s. First, that globalization leads to a reduction in global inequality. Second, that high income growth among the richest will lift the incomes of the poorest. Third, that there is no alternative to rising inequality without turning our backs on trade and technology.
European politicians have a big role to play in communicating why globalisation matters. We need politicians that are brave enough to talk about the losers of protectionism, not just the losers of globalisation, writes Carola Lemne.
On March 8, trade representatives from eleven Pacific rim countries including Canada, Mexico, Japan, and Australia are expected to ratify the Trans-Pacific Partnership, now known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
ASEAN's member states are ramping up coal energy infrastructure to meet the region's energy needs, with help from Asia's largest economies. New technologies, such as carbon capture and storage, could go a long way towards mitigating health and environmental concerns. But are countries prepared to foot the bill - and confront the environmental costs?
The CPTPP will be a powerful gathering of economies in the region which could bring practical benefits and advantages as well as strengthen co-operation across the Asia-Pacific.
The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) Agreement would be a vital deal in utilising free trade and ensuring sustainable development in Vietnam, said Minister of Industry and Trade Tran Tuan Anh.
The United States has thrown a spanner into the works of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the successor multilateral trade agreement to the once US-backed TPP. The liberalizing pact is expected to be formally signed this week without America.
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