Economist Bernard Salanié, from Columbia University, reviews the Trump administration's first commercial decisions as it looks to raise tariffs.
Since meeting with Jean-Claude Juncker last week , Donald Trump seems inclined to de-escalate, at least rhetorically, trade tensions with the European Union. It is not the same with China. In the middle of a commercial standoff with Beijing and as talks between the two countries are stalled, the US president is now considering a 25% tax on 200 billion dollars (more than 172 billion euros) of imported Chinese goods. , instead of the 10% mentioned so far. "The Trump administration continues to urge China to end its unfair practices, open up its market and engage in a truly competitive market , " US Trade Representative Robert Lighthizer said in a statement. Wednesday.
In the line of sight of the Trump team, the depreciation of the yuan, the transfer of technology imposed on US companies when they are joint ventures with the Chinese to do business on their market and the US trade deficit, the pet peeve of the president, of 376 billion dollars with China in 2017.
Continue reading here.