This is an outstanding story about pounding on ISIS combatants in Libya from the altitude of a B2 stealth bomber, $ 2bn apiece. Well, when you have a hammer, not only everything looks like a nail, but sooner or later you’ll have to use it. Advertisements
The effects of US tariffs on Chinese goods are felt on the Chinese stock market : $514 bn wiped out only in the last week and almost 20% in 2018. Ok, it’s a little drop from the 6.7tn Chinese equity market, but it’s definitely going into bear territory, even more so during this period of monetary tightening…… Continue reading World Trade War : Chinese Stock Market
The same Der Spiegel piece puts some perspective into EU’s functioning, relations between France and Germany, all applied to trade policy and US: That, though, is easier said than done. After all, it was the German government that sought to find some form of compromise with the Americans against the will of France and others. The offer presented…… Continue reading The Franco German uncouple for EU’s trade policy
The US had a strong rationale for imposing the steel safeguard. This piece from Der Spiegel couldn’t be any clearer. The OECD estimates there is a global overcapacity in steel production of 740 million tons. Predatory competition and price wars are so brutal that even global companies like ThyssenKrupp are no longer able to survive on their…… Continue reading World Trade War of Steel
The World Cup of business and advertising I mean, because otherwise there’s no Chinese football team in the FIFA competition in Russia. But are they there following a business logic ? Because who really knows wanda, hisense, vivo ? There is a strong sense that Chinese firms’ advertising in Russia is more about geopolitics and friendship with…… Continue reading China Wins (at) the World Cup
The US is returning somehow to the “no friends no enemies” foreign policy of the 1920s. Except that at that time there were no nukes nor ICBM, so much easier to be a proud isolationist.
Engaging North Korea is a success in itself. If there will be results, it remains to be seen.