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Wilbur Ross’s Cool Explanation of Trump’s Heated Trade Talk
U.S. Commerce Secretary, Wilbur Ross, has balanced the rhetoric of president Trump on trade in the NAFTA debate by saying the U.S. is looking for win-win solutions in trade relations with Mexico. At the WSJ CFO network Ross says the trade regime from the post war years is now an anachronism and does not work well especially for the U.S. Many experts agree that the trade framework from that period is problematic. It does not take into account, for instance say experts, the situation where a command economy such as China could help manufacturing industries with state policies, including currency policies. The rapid growth in China was different from the rapid growth in an earlier period of Japan, in terms of its impact say experts. The U.S was the dominant economy during the sixties, and the growth in Japan was not at the accelerated pace and of the magnitude that happened in China. As a result the impact on some communities in the U.S. was much more intense in the last two decades, as documented by prominent trade studies, leading to the sense that trade did not work for these communities.
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Wilbur Ross’s Cool Explanation of Trump’s Heated Trade Talk
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Globalization and the white working class in Europe and the U.S. in 2016- job losses, regional disparities, growing inequality with declining incomes
07/13/2016
Sanders, Trump, in the U.S., Marie Le Pen in France, and Brexiters in England appeal to white working class which has not benefitted from trade agreements and globalization. Globalization has produced very different outcomes for different industries and regions, benefitting some and hurting others. Leaders of existing political parties have failed to grasp and respond to these changes leaving room for others to take up the cause of the white working class. TPP trade agreement for instance benefits the information technology industry and hurts the automobile industry in the U.S., producing unequal outcomes that come after years of job losses and hollowing out in some industries- making it unpopular, and raising questions about the wisdom of such policies when most of the gains in free trade are already behind us according to Krugman and other experts.
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Brexit: The Era of the Angry Voter Is Upon Us - SPIEGEL ONLINE
SPIEGEL ONLINE 07/06/2016
What the New GOP Means for Wall Street
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Support for Trump in unexpected places | US elections 2016 | DW.COM | 20.07.2016
DW.COM 07/20/2016
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DW.COM 03/13/2016
Hillary Clinton Asks Not for Trust, but for Faith in Her Competence
The New York Times 07/29/2016
Two Political Conventions, Two Distinct World Views
WSJ 07/28/2016
Trump Merkel meeting in March 2017 and trade talks between the U.S. and Germany
03/17/2017
Grouped Articles
Merkel and Trump begin key talks at White House - BBC News
BBC News 03/17/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
Should German carmakers be alarmed? | Business | DW.COM | 16.01.2017
DW.COM 01/16/2017
U.S. Breaks With Allies Over Trade Issues Amid Trump’s ‘America First’ Vows
The New York Times 03/18/2017
Germany Reacts to Merkel-Trump Visit: ‘Could Have Been a Lot Worse’
The New York Times 03/18/2017
Mnuchin Says U.S. Is Seeking to Avoid Trade Wars
WSJ 03/16/2017
U.S. president Trump and trade relations with China
12/12/2016
Grouped Articles
Trump Suggests Using Bedrock China Policy as Bargaining Chip
The New York Times 12/11/2016
How Donald Trump May Actually Widen the U.S. Trade Deficit
WSJ 12/12/2016
Donald Trump Chooses Exxon Mobil CEO Rex Tillerson as Secretary of State
WSJ 12/13/2016
Taiwan Is Both Exhilarated and Unnerved by Trump’s China Remarks
The New York Times 12/15/2016
Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12/04/2016
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017
DW.COM 01/14/2017
Views on globalization- Trump for the U.S. and Jinping for China
02/06/2017
China sees globalization within the context of pursuing its own interests, Trump's trade policies are similar in this respect.
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On Globalization, China and Trump Are Closer Than They Appear
WSJ 01/27/2017
China Takes Heat on Trade, but Germany’s Power Continues to Grow
WSJ 03/05/2017
03/07/2017
Germany to take legal action if Trump taxes imports | Business | DW.COM | 17.03.2017
DW.COM 03/17/2017
Mnuchin Says U.S. Is Seeking to Avoid Trade Wars
WSJ 03/16/2017
Trump and Xi’s First Meeting: How Long Will the Cordiality Last?
The New York Times 04/06/2017
Trans-Atlantic Trade and Investment Treaty (TTIP) unpopular in Germany
04/24/2016
As U.S. president Obama pushed for the treaty during his visit to the Hannover Fair, German newspapers say the treaty is even more unpopular now than when polls showed that about half of Germans opposed the treaty. Protesters in Hannover say they oppose the treaty because it benefits big business at the expense of working people. Hillary Clinton, Donald Trump and Ted Cruz oppose the trade treaties. Experts say most of the benefits from trade have already been gained, and the priorities have shifted to infrastructure, wages and the working class in the U.S. and in Europe, as some sections of society have lagged behind.
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Obama Joins Angela Merkel in Pushing Trade Deal to a Wary Germany
New York Times 04/24/2016
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/2016
Trump Rhetoric Poses Dangers to American Democracy - SPIEGEL ONLINE
SPIEGEL ONLINE 10/19/2016
EU says new talks on TTIP unlikely after Trump win | Business | DW.COM | 11.11.2016
DW.COM 11/11/2016
Trump era confronts organized labor with gravest crisis in decades
Washington Post 12/09/2016
The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
Washington Post 12/09/2016
China and the RCEP trade agreement following the election of President Trump and rejection of TPP
11/27/2016
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China takes the driver's seat on free trade | Asia | DW.COM | 21.11.2016
DW.COM 11/21/2016
Bob Dole Worked Behind the Scenes on Trump-Taiwan Call
The New York Times 12/06/2016
Taiwan Is Both Exhilarated and Unnerved by Trump’s China Remarks
The New York Times 12/15/2016
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
China’s Xi Jinping Seizes Role as Leader on Globalization
WSJ 01/17/2017
03/07/2017
Wilbur Ross, business turnaround executive, as the new Commerce Secretary in the Trump administration
11/30/2016
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Donald Trump to Name Wilbur Ross as Commerce Secretary, Transition Official Says
WSJ 11/29/2016
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The New York Times 12/01/2016
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The New York Times 12/02/2016
The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
Washington Post 12/09/2016
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
Wilbur Ross’s Cool Explanation of Trump’s Heated Trade Talk
WSJ 06/19/2017
The demise of the Trans Pacific Trade Agreement with the election of Donald Trump
11/26/2016
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How Donald Trump May Actually Widen the U.S. Trade Deficit
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Aging Population, Stagnant Productivity Challenge Donald Trump’s Growth Plan
WSJ 12/04/2016
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017
DW.COM 01/14/2017
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
China’s Xi Jinping Seizes Role as Leader on Globalization
WSJ 01/17/2017
Donald Trump and the U.S. trade deficit
10/05/2016
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Donald Trump’s Tax Pitch Could Miss Trade’s Strike Zone
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WSJ 12/12/2016
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WSJ 12/04/2016
Germany's Merkel to warn Trump about dangers of protectionism | News | DW.COM | 14.01.2017
DW.COM 01/14/2017
Xi Jinping signals China will champion free trade if Trump builds barriers
The Guardian 01/17/2017
China’s Xi Jinping Seizes Role as Leader on Globalization
WSJ 01/17/2017
The U.S. election campaigns in 2016 and U.S.-China relations
03/30/2016
The U.S. election campaign with Clinton and Trump taking strong positions on China, is affecting the outlook for U.S.- China relations. In the background are other issues in addition to the trade deficit- the South China Sea, and cyber espionage which have led to a tense relationship.
Grouped Articles
Campaign Season’s Anti-China Tone Is Likely to Cloud Meeting With Obama
New York Times 03/30/2016
How China’s fishermen are fighting a covert war in the South China Sea - The Washington Post
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The New York Times 09/28/2016
Why the US fears Russia is hacking its presidential election - BBC News
BBC News 10/11/2016
Bob Dole Worked Behind the Scenes on Trump-Taiwan Call
The New York Times 12/06/2016
Trump Suggests Using Bedrock China Policy as Bargaining Chip
The New York Times 12/11/2016
Donald Trump's campaign strategies and the effects of globalization and free trade marginalizing vulnerable less educated workers
12/25/2015
Experts in Germany and the U.S. look at support for right wing parties and fringe movements in 2015 for areas adversely affected by cheap imports.
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Washington Post 12/25/2015
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New York Times 01/26/2016
Here’s what a conservative policy agenda should look like in the Trump era - The Washington Post
Washington Post 01/27/2016
Anxiety Fuels Donald Trump’s Supporters
Wall Street Journal 01/27/2016
Closing the gaps in the ideological debates in 2016 to tackle poverty in America, after the emergence of Donald Trump
02/02/2016
Eduardo Porter of the NYT reports on how experts on the left and right of the political spectrum are coming together in 2016 to tackle poverty in America. The emergence of billionaire Trump appealing to older non college educated workers and the people marginalized by globalized trade without providing any program specifics and lowering the political discourse to labels, exaggeration and misstatements, has acted as a catalyst for lowering the ideological barriers to action for experts on both sides.
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Finding Common Political Ground on Poverty
New York Times 02/02/2016
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New York Times 02/12/2016
Bernie Sanders: Democrats Need to Wake Up
The New York Times 06/28/2016
The Millions of Americans Donald Trump and Hillary Clinton Barely Mention: The Poor
The New York Times 08/11/2016
The New York Times 08/12/2016
From Trump to Brexit rhetoric: how today's politicians have got away with words
The Guardian 08/27/2016
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