With the United States indiscriminately wielding the baton of trade protectionism, no country including its allies is immune to the toxic effects of the US’ policies.
While very few, if any, governments are indifferent to the current political and economic uncertainties, the inconvenient truth is that the most advanced and most vibrant economies have been hit the hardest by unilateralism and protectionism.
The US tested a conventionally configured ground-launched cruise missile on August 19 shortly after it formally withdrew from the Intermediate-Range Nuclear Forces (INF) Treaty, making it quite clear that these are all long-planned moves.
Recently, some western media have been bad-mouthing China’s economy again, claiming that China’s economic downturn is irreversible. Is it really so?
The int’l community is calling for joint efforts to help maintain global growth.
A faulty diagnosis leads to the wrong remedy. The Trump administration is trying to bring back US jobs by making imports more expensive through tariffs. But protectionism cannot compensate for the effects of automation.
Globalisation is under siege. Multilateralism is under threat due to rising protectionism and unilateralism, mainly in the US. It is a world in flux- full of uncertainty, unpredictability and turbulence.
Speaking at the United Nations’ latest gathering, recently re-elected Prime Minister Hun Sen on Saturday raised concerns over protectionist practices by key economies.
Asia needs to adjust to the protectionism of the US by introducing appropriate and effective counter measures.
A year of “vintage” economic growth could be undone by rising protectionism.
China says it would further open its financial markets to cool economic tensions.
Protectionism is gaining ground and globalisation is losing its appeal, Modi says.
Ministers from Asia-Pacific countries end their meeting with a “very good outcome”, despite differing views on trade and protectionism.
China will give $80 million in funding for BRICS cooperation plans.