Category: Trucking News

There Will Be No Going Back: Wall Street’s Confounding Optimism Over An Elusive Trade Deal With China

A sharp disconnect is emerging between America's economic reality and Wall Street's curiously blind optimism about the future, reflected in another record-setting streak for US stock prices despite a weakening economic outlook. US President Donald ...The post There Will Be No Going Back: Wall Street's Confounding Optimism Over An Elusive Trade Deal With China appeared first on Emerging Market Views....

Trump’s Trade ‘Bad Cop’ Thinks He Has Found a Winning Formula

(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. In Donald Trump’s world, Peter Navarro is the self-described “bad cop” of economic policy, the senior figure most willing to reinforce the president’s protectionist and nationalist instincts as others try to placate markets and pull Trump back into the calmer mainstream.So what happens when Navarro thinks he has a winning formula for shaking up pillars of the multilateral order such as the World Trade Organization?We may be about to find out.When the U.S. earlier this year leveraged a threat to leave the Universal Postal Union -- which since 1874 has guaranteed the international delivery of mail -- into that body giving it the right to unilaterally raise the price it charges to carry packages from China and elsewhere, it was a quiet victory for Navarro.To him, it was also just the beginning...