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Donald Trump should learn a lesson from imperial China’s failed rhubarb war with Britain

Revisiting the English county of Yorkshire this month for the first time in decades has brought back sharp, poignant memories – and none so peculiar as those of the frost pocket known as the Rhubarb Triangle between Leeds, Wakefield and Bradford.I’m sure most readers have neither heard of nor ever tasted rhubarb. But old-timers like me nurture fond post-war ration-era memories of plundering the rhubarb patch in the back garden, of rhubarb pies, rhubarb with custard, and of the stolen pleasure… Source link

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Global 

China’s handling of yuan backed by IMF despite Donald Trump’s repeated charges of currency manipulation

Despite repeated accusations of currency manipulation from US President Donald Trump, the International Monetary Fund has found that in 2018, Beijing’s handling of the Chinese yuan was “broadly in line” with the state of its economy.The Washington-based fund, which is bracing for the departure of managing director Christine Lagarde in September, also lashed out at the impact of the US-China trade war, which is “weighing on global trade and investment, without materially affecting [trade]… Source link

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Stocks Blog: Investors brace for fallout from latest trade threat by US president Donald Trump

Good day, traders — US president Donald Trump shared a lot of thoughts overnight about China and trade. The key point was, “We have a long way to go as far as tariffs where China is concerned, if we want. We have another $325 billion we can put a tariff on, if we want,” Trump said at a Cabinet meeting. “So, we’re talking to China about a deal, but I wish they didn’t break the deal that we had.” Markets, not surprisingly, fell.  We’ll be watching markets in mainland China…

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China 

Donald Trump says his friendship with Xi Jinping not as good

This story is published in a content partnership with POLITICO. It was originally reported by Doug Palmer on politico.com on July 15, 2019.The US-China trade war has taken a toll on President Donald Trump’s friendship with Chinese President Xi Jinping.“I used to say he was a good friend of mine,” Trump said on Monday at a White House event.“We’re probably not quite as close now. But I have to be for our country. He’s for China and I’m for USA, and that’s the way it’s got to be.”Trump campaigned… Source…

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Money 

Donald Trump goads China over record low GDP growth rate as US trade war tariffs hit slowing Chinese economy

US President Donald Trump used his first tweets of the day on Monday to goad China about its slowest gross domestic product growth rate on record, while better-than-expected economic data for June was met with “scepticism” and “caution” by analysts, rather than as a sign of a turnaround in the economy.China’s gross domestic product (GDP) growth slid to 6.2 per cent in the second quarter of 2019, the lowest reading since records began in March 1992, and below the levels reported during the… Source link

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Donald Trump is putting global cooperation to a stress test. And the world may be better for it

(From left) Canadian Prime Minister Justin Trudeau, Argentinian President Mauricio Macri, US President Donald Trump, Russian President Vladimir Putin, European Council President Donald Tusk, IMF managing director Christine Lagarde, South Korean President Moon Jae-in and Senegalese President Macky Sall take their positions for a group photo at the G20 Summit in Osaka on June 28. Photo: AFP Source link

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Global 

China ignoring Donald Trump’s demand to purchase more farm goods as US-China trade crumbles

Now, however, China are believed to be refusing to make large-scale agricultural purchases until it has clarity on the US Entity List, which left Chinese firms such as Huawei subject to import blacklists, freezing them out of vital US-made technology. Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would. Hopefully they will start soon! — Donald J. Trump (@realDonaldTrump) The South China Morning Post reported on Tuesday…

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Global 

Donald Trump accuses China of ‘letting us down’ by not keeping G20 promise to buy US farm goods

US President Donald Trump is accusing China of “letting us down” by not promptly buying more US farm products.“They have not been buying the agricultural products from our great Farmers that they said they would,” the president said on Twitter. “Hopefully, they will start soon.”After meeting with Chinese President Xi Jinping late last month, Trump said China had agreed to buy more US agricultural products as part of a ceasefire in the two countries’ trade war.The truce suspended US plans to… Source link

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From Donald Trump to Brexit and Europe’s new right, populism is driven by both cultural and economic anxiety

Is it culture or economics? That question frames much of the debate about contemporary populism. Are Donald Trump’s presidency, Brexit and the rise of right-wing nativist political parties in continental Europe the consequence of a deepening rift in values between social conservatives and social liberals, with the former having thrown their support behind xenophobic, ethno-nationalist, authoritarian politicians? Or do they reflect many voters’ economic anxiety and insecurity, fuelled by… Source link

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China 

Donald Trump pushed Xi Jinping to commit to buying US farm goods at G20, but Xi avoided firm pledge

In the 80-minute summit between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Osaka last month, Trump pushed for a Chinese commitment to make large-scale purchases of US agricultural products.However, Xi made no specific commitment during the meeting, according to a source who was briefed on the high-stakes meeting, and no purchases have been recorded in the week since.This account reflects the diverging statements made by each side… Source link

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