BBC.- US President Donald Trump has said China “broke the deal” in trade talks, ramping up hostilities ahead of negotiations between the two sides. The comments came as Beijing said it would retaliate with “necessary countermeasures” if the US raises tariffs on Chinese products.
BBC.- Stock markets in China and Europe have been hit after US President Donald Trump threatened new tariffs on China, putting a trade deal in doubt.
BBC.- Another of Donald Trump’s picks for a seat on the Federal Reserve has dropped out of the running following fierce criticism of his views.
Bloomberg.- Donald Trump regularly touts the strength of his personal relationship with Xi Jinping, talking about the Chinese leader in the sort of warm terms U.S. presidents normally reserve for longstanding allies.
Bloomberg.- The Tax Cuts and Jobs Act of 2017 was as close as the real world gets to a laboratory experiment on whether supply-side theory works in practice. More than one year on, we have an answer. It’s “meh.”
BBC.- The US plans to end preferential trade status for India, under a scheme which allows certain products to enter the US duty-free.
Bloomberg.- President Donald Trump’s administration argues that the long-term gain from a trade war with China justifies short-term pain for consumers and investors. That case may be harder to defend now that the collateral damage includes one of America’s most recognizable brands.
BBC.- US President Donald Trump and leaders from Canada and Mexico have signed the successor to the North American Free Trade Agreement (Nafta). The revised deal has been renamed as the United States-Mexico-Canada Agreement, or USMCA.
BBC.- President Trump has finally got a three-way agreement to change Nafta, the North America Free Trade Agreement. Canada and Mexico have agreed to reform the deal that originally came into force in 1994.
BBC.- Donald Trump campaigned for election on a promise to make trade fairer for the US, and his push to do so has him fighting with some of America’s oldest trading partners.
BBC.- As trucks endlessly rumble up and down Interstate 35 in southern Texas, the importance of the state’s trade with Mexico is obvious.
Bloomberg.- President Donald Trump will decide by midnight Monday if the U.S. will slap permanent aluminum and steel tariffs on the European Union, inflaming trans-Atlantic tensions and raising the chances of a global trade conflict.
Bloomberg.- A breakdown in the relationship between dollar weakness and Asian central bank intervention poses a risk to Treasuries, stocks and all risky assets, according to Deutsche Bank AG.
Bloomberg.- Kim Jong Un wants to sign a peace treaty after meeting with U.S. President Donald Trump, South Korean media reported, reviving a long-held goal of the North Korean regime.
El Comercio.- El gobierno de Trump se prepara para dar inicio a una renegociación del Tratado de Libre Comercio de América del Norte (TLCAN), medida que podría convertirse en una oportunidad para la canasta exportadora peruana, según estimó la Cámara de Comercio de Lima (CCL).
Bloomberg.- The “Trump Trade” that underpinned global markets for the last few months is at risk of falling apart. The reasons can be linked to concern that President Donald Trump will fail in his plan to repeal and replace Obamacare, raising doubts about his ability to push through anytime soon items deemed more important for markets, such as tax cuts, regulatory reform and infrastructure spending.
NBC.- China has granted preliminary approval for 38 new Trump trademarks, paving the way for President Donald Trump and his family to develop a host of branded businesses from hotels to insurance to bodyguard and escort services, public documents show.
CNN.- President Trump’s restrictive immigration policies are a mistake, say the vast majority of economists at America’s major corporations.
Bloomberg.- More than $1 trillion was wiped off the value of bonds around the world this week as U.S. President-elect Donald Trump’s policies are seen boosting spending and quickening inflation.