Markets

‘If this tariff takes effect, we are out of business’: Small companies warn of widespread layoffs and shutdowns if Trump doesn’t back down from a trade war with China

The Trump administration is expected to enact tariffs on an additional $US200 billion worth of Chinese imports to the US. Some companies say they will have to immediately lay off employees to absorb the cost. Others warn they may have to shut down completely. Win Cramer, the chief executive of […]
‘If this tariff takes effect, we are out of business’: Small companies warn of widespread layoffs and shutdowns if Trump doesn’t back down from a trade war with China
Markets

2 charts which show how trade protectionism hurts the global economy

The Bank for International Settlements has raised its concerns about ongoing trade wars and protectionist measures among major economies. BIS general manager Agustin Carstens said globalised economies – including the US – are ill-equipped to prosper if trade links are cut off. Carstens added that protectionist measures could set off […]
2 charts which show how trade protectionism hurts the global economy
Markets

China isn’t killing the US in trade by as much as we think

A trade war is brewing between the US and China. The US-China trade balance misses hundreds of billions of sales made through offshore subsidiaries. Tariffs could hurt both sides more than the record-high US trade deficit with China suggests. President Donald Trump loves to hate the trade deficit the US […]
China isn’t killing the US in trade by as much as we think
US

The biggest risks facing the world in 2018

Every year, Eurasia Group puts out their Top Risks report, and the world pays attention – from Wall Street to Washington. Here is their ranking for the top risks facing the world in 2018. The following is a transcript of the video: The biggest risks facing the world in 2018 […]
The biggest risks facing the world in 2018