ILoveEU
Kenraali
Vanha, vuodelta 2016 oleva kirjoitus Forbesissa. Nykyään Trumpia syytetään siitä, että on mennyt sotkemaan maailmantaloutta. Olisko Trump vain seuraus siitä, että alkuperäinen plan ei onnistunut ensinkään, vaikka monet vannoo toisin, ja systeemi täytyy nyt korjata, vaikka kuinka haluaisi istua sormi pers*****.
It has become commonplace to talk about a rise in protectionism around the world, not least because it is true; protectionism is rising. Anti-dumping tariffs on steel, for example, have been imposed in the US, Australia, India and the EU. And although the tariffs imposed affect the produce of several exporters, China lurks in the background as the largest producer by far.
..
Since joining the WTO in 2001, China has repeatedly insisted that it will live up to those undertakings made on entry. In particular, the use of currency manipulation has been identified by the US as a breech of the commitment to end price controls for the purposes of protecting domestic industries. This became a major political issue from 2005 onwards, and has only recently subsided because it is assumed that the RMB is slightly overvalued on the market. Nevertheless, for years it was deliberate policy for the PBoC to accumulate US Dollars and suppress the exchange rate for the RMB, resulting in exactly the price distortions China had committed to eliminate in 2001, and fuelling an enormous trade surplus with the US, which persists and expands to this day.
..
..therefore, protectionism is rising around the world, it is also true to say that existing practices of protectionism have not fallen in the way that they should have since China’s accession to the WTO in 2001. Because of this lack of progress in easing trade, the extended period of currency manipulation, the lack of observance of TRIPS and the sheer administrative resistance exporters face when trying to get their products into China, we now face of world of highly unbalanced trade, and rising mistrust. And it is this that is leading to rising protectionism; the simple fact that it never went away.
https://www.forbes.com/sites/dougla...nd-the-world-but-in-china-it-never-went-away/
Esim tarvittiin Trumpin hallinto, että Kiina edes avasi rahoitusmarkkinat ulkomaiselle kilpailulle. Vaikka se olisi pitänyt tehdä jo kaksi vuosikymmentä sitten... Että semmoista vapaakauppaa on nyt Trump kuulemma sotkemassa.
https://www.cnbc.com/2018/04/11/chi...vestment-in-financial-sector-by-year-end.html
It has become commonplace to talk about a rise in protectionism around the world, not least because it is true; protectionism is rising. Anti-dumping tariffs on steel, for example, have been imposed in the US, Australia, India and the EU. And although the tariffs imposed affect the produce of several exporters, China lurks in the background as the largest producer by far.
..
Since joining the WTO in 2001, China has repeatedly insisted that it will live up to those undertakings made on entry. In particular, the use of currency manipulation has been identified by the US as a breech of the commitment to end price controls for the purposes of protecting domestic industries. This became a major political issue from 2005 onwards, and has only recently subsided because it is assumed that the RMB is slightly overvalued on the market. Nevertheless, for years it was deliberate policy for the PBoC to accumulate US Dollars and suppress the exchange rate for the RMB, resulting in exactly the price distortions China had committed to eliminate in 2001, and fuelling an enormous trade surplus with the US, which persists and expands to this day.
..
..therefore, protectionism is rising around the world, it is also true to say that existing practices of protectionism have not fallen in the way that they should have since China’s accession to the WTO in 2001. Because of this lack of progress in easing trade, the extended period of currency manipulation, the lack of observance of TRIPS and the sheer administrative resistance exporters face when trying to get their products into China, we now face of world of highly unbalanced trade, and rising mistrust. And it is this that is leading to rising protectionism; the simple fact that it never went away.
https://www.forbes.com/sites/dougla...nd-the-world-but-in-china-it-never-went-away/
Esim tarvittiin Trumpin hallinto, että Kiina edes avasi rahoitusmarkkinat ulkomaiselle kilpailulle. Vaikka se olisi pitänyt tehdä jo kaksi vuosikymmentä sitten... Että semmoista vapaakauppaa on nyt Trump kuulemma sotkemassa.
https://www.cnbc.com/2018/04/11/chi...vestment-in-financial-sector-by-year-end.html
