The attractiveness of the US Dollar is in decline. By Stephan Kaufmann The US government is launching a new offensive to consolidate the economic foundations of its global power. The planned new budget is intended to make the US a magnet for capital from all over the world. Tax cuts are intended to channel investor money to the United States. ...
How the trade war began in 2018. By Sergio Rodríguez Gelfenstein Despite Trump’s pragmatic decision to seek rapprochement with China that would foster ongoing high-level communication and stimulate cooperation, an atmosphere of uncertainty began to surround the relationship between the two countries, given the contradictory signals emanating from Washington. The presidents’ conversation on February 10, 2017, did nothing to calm ...
Europe’s role and what Türkiye should do. Following Trump’s reelection, Washington and Moscow initiated contacts aimed at achieving peace in Ukraine. Trump’s team worked not only with the Russian side but also engaged in talks with both Europe and Ukraine. From the Munich Security Conference to Zelenskyy’s visit to the White House, from meetings in Europe to gatherings held in ...
Deals, Delusions, and a Shifting Regional Chessboard By Islam Farag, from Cairo / Egypt It can be argued that U.S. President Donald Trump’s first international tour, early in his presidency, to the three Gulf states—Saudi Arabia, Qatar, and the UAE—was merely a faithful reflection of his personal convictions, which viewed global affairs solely through the lens of deals. This perspective ...
Why Trump decided to seek rapprochement with China. By Sergio Rodríguez Gelfenstein In 2011, long before entering active politics, Donald Trump tweeted that China was the enemy of the United States and that his goal was to destroy it. He later asserted, “On trade, the Chinese are cheats.” A year later, in 2012, he commented, “The concept of global warming ...
Trump’s policy and the risk of a geopolitical reversal in Panama By Elixsandro Ballesteros, Former ambassador and professor of the University of Panama 1. Global context There is a tense situation in the relations between the United States and Panama. This needs to be analyzed within the context of the US’ declining global hegemony, the change of the global order ...
A historic perspective on the US President’s tariff policy. By Michael Roberts * President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs. In addition to those announced last Wednesday (Liberation day), Trump included an extra levy on Chinese imports in retaliation to China’s decision to impose a 34% tariff on US imports, which in turn was ...
The era of single-market dependence is over By Dure Akram, Lahore / Pakistan Pakistan’s economy is feeling the pinch of U.S. protectionism after President Trump’s sweeping tariffs imposed a blanket 10 percent tariff on all U.S. imports, coupled with a punitive 29 percent surcharge on Pakistani goods—despite a modest $3 billion surplus with America—prompting Islamabad to scramble for relief. The ...
The US preferential system for imports from Africa, AGOA, is likely to end this year, says the minister. By Yunus Soner, Antalya / Türkiye African countries are amongst those most affected by US President Donald Trump’s tariff policies. Some of them, like Botswana and Lesotho, were targeted with the highest tariffs, while others suffer great damage, because trade with the ...
On Trump’s trade tariffs, why US manufacturing has lost and how the world should react. By Yunus Soner, Antalya / Türkiye US President Donald Trump’s trade policies were one of the main topics at the 4th Antalya Diplomacy Forum, convened by the Turkish Foreign Ministry on April 11-13. Here, we interviewed Jeffrey Sachs, professor at the U.S. Columbia university, a ...