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Economists boost Q4 growth closer to 3% as trade war hits imports - CNBC
Economists boosted their forecasts for U.S. fourth quarter growth Wednesday, after a surprise narrowing of the trade gap in November due to a drop in imports.
this-week-448  Around-the-web  Matt  imports  exports  trade  trade-agreements  economy 
6 weeks ago by areadevelopment
A no-deal Brexit won’t result in a siege. The EU will be more clinical than that | Tom Kibasi | Opinion | The Guardian
Instead, the EU’s response to a no deal will be strategic: opening up advantage, sector by sector, calmly and patiently dismantling the UK’s leading industries over the course of a decade. They will eat the elephant one bite at a time. The problem with abandoning the rules of the international order is that you no longer enjoy their protection.

A no-deal Brexit would hand the EU enormous power: it would decide how and when to introduce new frictions between the UK and the single market, giving sufficient time for firms like Airbus, Nissan or AstraZeneca to relocate production. As recent decisions have demonstrated, even seemingly fixed capital investment is more mobile than many Brexiters imagine.

The EU would set out a timeline over which it would introduce compliance and rules of origin checks on the UK’s most competitive exporting sectors. It is not hard to imagine checks on automotive parts from 2021, pharmaceuticals from 2022 and aerospace from 2023, alongside constantly shifting sands of equivalence for financial services. This would allow firms an orderly departure from the UK to the single market. It will be a steady drift away from the UK, not an avalanche. Moreover, the absence of any agreement would mean lasting uncertainty that would deter future investment. The UK is particularly exposed in this regard: our serious lack of competitiveness is demonstrated by persistently large trade deficits. This means the UK is heavily reliant on foreign investment – the “kindness of strangers” – which would likely collapse. It is not hard to imagine a future government going cap in hand to the IMF for a bailout.
UK  EU  Brexit  noDeal  delay  shortage  food  prices  imports  livingStandards  competition  industry  trade  regulation  compliance  investment  Nissan  dctagged  dc:creator=KibasiTom 
6 weeks ago by petej
A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’ - The New York Times
Despite a trade war between the United States and China and past admonishments from President Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home.
this-week-448  Around-the-web  Matt  manufacturing  exports  imports  trade  trade-agreements  supply-chain  logistics  made-in-america 
7 weeks ago by areadevelopment
Trade war: Firms look to new factories as tariffs bite - BBC News
The world's largest maker of industrial computers, Taiwan's Advantech, plans to boost US production to combat the hit from the trade war.
this-week-448  Around-the-web  Matt  tariffs  exports  imports  trade  trade-agreements  government-policy  manufacturing  supply-chain  logistics 
7 weeks ago by areadevelopment
China's slowing economy hits companies beyond Caterpillar and Nvidia - CNBC
Disappointing results from construction machinery giant Caterpillar and a pessimistic revenue forecast from chipmaker Nvidia point to a broader impact to the global business community from China's economic slowdown, analysts said on Tuesday.
this-week-448  Around-the-web  Matt  manufacturing  china  trade  trade-agreements  exports  imports 
7 weeks ago by areadevelopment
U.S.-China trade war takes toll on global manufacturing - Reuters
Factory activity weakened across much of Europe and Asia in December as the U.S.-China trade war and a slowdown in demand hit production in many economies, offering little reason for optimism as the new year begins.
Around-the-web  Matt  manufacturing  china  trade  trade-agreements  exports  imports 
11 weeks ago by areadevelopment

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