Trading tensions with the US may push Brazil closer to China
Brazil is likely to seek new trading opportunities outside the US, after the US Trade ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
Yesterday marked the beginning of what could be a drawn-out spat between the US and Mexico, with cancelled meetings and annoyed tweets. Bloomberg looks at the feud, and argues that a trade war would be damaging on both sides of the border. Interestingly, though, it also notes that “Trump has a point”, as the US trade deficit with Mexico represents 12% of the total imbalance. Nevertheless, the interdependence of manufacturing supply chains, as well as the fact that some 5m US jobs depend on trade with Mexico, means a trade spat could hurt those in Trump’s rust belt heartland.
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