Showing posts with label trade wars. Show all posts
Showing posts with label trade wars. Show all posts

Tuesday, June 4, 2013

Here Come The Trade Wars: Europe Imposes Duties On China Solar-Panels

First there are currency wars (of mutually destructive currency devaluations), then there are trade wars, and then come the (fill in the blank) wars...

Wait for the "patriotic" rhetoric to justify trade protectionism.

http://www.zerohedge.com/news/2013-06-04/here-come-trade-wars-europe-imposes-duties-china-solar-panels

Sunday, October 10, 2010

Currency war threatens

http://finance.yahoo.com/news/End-to-currency-dispute-apf-206553150.html?x=0

Differences that threaten the outbreak of a currency war persisted after a weekend meeting of global finance ministers, who left without resolving what to do.

Various nations are seeking to devalue their currencies as a way to increase exports and jobs during hard economic times. The concern is that such efforts could trigger a repeat of the trade wars that contributed to the Great Depression of the 1930s as country after country raises protectionist barriers to imported goods.

"Currency disputes can easily become trade disputes," cautioned Canadian Finance Minister Jim Flaherty.

Thursday, September 30, 2010

House slaps China on currency policy, deepening trade dispute

http://www.washingtonpost.com/wp-dyn/content/story/2010/09/29/ST2010092907303.html?sid=ST2010092907303

No one wins in a trade war, and the US will definitely lose this one.

The House of Representatives voted Wednesday to punish China for policies that unfairly favor its exports at the expense of the United States and other countries, the latest volley in what is developing as a global battle over jobs and commerce.

Brazilian Finance Minister Guido Mantega said this week that a quiet "currency war" is underway.

The Fed and US Treasury are doing everything in their power to devalue the USDollar. And folks wonder why owning gold isn't "risky." While the USDollar is the world's reserve medium of exchange, it is proving to be a horrible store of value.

Saturday, September 25, 2010

Thursday, April 22, 2010

Anti-dumping sanctions

I've posited this hierarchy for a while: first trade imbalances between sovereign countries, then sanctions and tariffs, then trade wars, and finally military conflict. Let's hope cooler heads prevail.

http://finance.yahoo.com/news/US-China-announce-antidumping-apf-1955690004.html?x=0&sec=topStories&pos=main&asset=&ccode=