-
North Korea: the lack of progress after the Trump-Kim summit has been increasingly apparent. After appointing a highly experienced Special Representative to North Korea Trump then abruptly cancelled Secretary of State Pompeo’s forthcoming trip to Pyongyang. Trump explicitly blamed a reduction in Chinese cooperation regarding sanctions, claiming that this was a direct consequence of his trade policy.
-
China-US Trade: talks between mid-level officials seemed to have achieved little. A new round of tariffs were imposed by both sides, 25% on an additional US$16bn each. The Chinese government has been increasing its stimulus to domestic companies, in part to cushion the blow of any U.S. trade actions. The Shanghai Exchange’s turnover reached a four-year low, while China looked to gain support on Wall Street.
-
NAFTA: the Mexican side is still producing positive noises. The Canadians are looking to start talking again as soon as U.S.-Mexican bilateral issues have been overcome. While foreign car manufacturers operating plants in the U.S. are against many of the mooted changes the Detroit-based autos lobby is supportive.
Recent Comments