The Abrupt FED Rate Cut: for Fighting COVID-19 or for Stock Market?
FED rate cut shows little help to the fast spread of COVID-19 in US and even mislead the stock market. US President Trump’s effort may be a disaster to US future economy.
FED rate cut shows little help to the fast spread of COVID-19 in US and even mislead the stock market. US President Trump’s effort may be a disaster to US future economy.
Tesla was the first foreign automaker to pivot to China’s fast-growing NEV market, but Volkswagen, BMW and Toyota have also issued a resounding vote of confidence in the sector.
Even as Iran demands the U.S. to honor the JCPOA, it is steadily downgrading its commitments. In May it warned European Union members that it would restart parts of its nuclear program to put pressure on them to respond.
In the new era, U.S. political leaders, think tanks, scholars and media are aggressively reacting to China becoming the largest economy.
2019 mark the 40th anniversary of the establishment of diplomatic relations between the two countries, but also a crucial year in dealing with China-U.S. trade.
More importantly, the recent rounds of high-level consultations between China and the U.S. have been carried out in an orderly manner under the direction of the heads of state of the two countries.
Indeed, China-U.S. relations have global implications, and this round of China-US trade talks completed last Friday, like any previous rounds, became the center of attention from the media and observers. What progress has been made is what the media want to find out.
Although some White House officials are playing down the likelihood of the meeting producing a positive outcome, Trump appears to have toned down his intransigence and cracked the door open to a possible deal.
Beijing’s momentous effort over the last month has seen Washington’s position significantly shift, resulting in Trump and his team returning to the negotiating table.
The outcome of the Asia-Pacific Economic Cooperation Summit (APEC) is nothing like we expected, even worse, the summit is highly influenced by the disagreements between the United States and China.
On the whole, APEC should continue to promote an open world economy and oppose protectionism and unilateralism. As a development trend, globalization has different distribution effects among different countries and groups.
Trump’s steps to quit multilateral international obligations, and initiate a trade war against several countries made it clear that to him, the Republican Party was doomed to lose control of the House.