The “G-6 vs. 1” Summit

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June 8, 2018 —  I did an interview today as the G-7 Leaders Summit got underway in Canada.

In the video at BNN Bloomberg, I said I thought that if Trump’s tariffs are met with united and calibrated retaliation, he might eventually have to back down.

Here are the questions they sent me ahead of time and my responses,  

– Q:  Ideally – what do you want to see come from the Group of 7 leaders’ meeting that starts today in Canada?

– A:

  • If we were truly talking about an ideal world, one would aspire to progress on the issues that the Canadian hosts plan to talk about: environment, inclusive growth, equality, etc.
  • Closer to the real world, one would ideally see the G-7 cooperating to form a common front regarding economic issues with China (reduction of excess steel capacity & enforcement of IPRs) or geopolitical issues (esp. vis-a-vis North Korea & Iran & Russia).
  • This meeting will accomplish no such G-7 cooperation, and to the contrary will almost certainly go down in history as the “G-6 vs. 1” meeting.
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    Trump’s On-Again Off-Again Trade War with China

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    May 31, 2018 — The Trump Administration on May 29, nine days after having said that the China trade war was “on hold,” flipped the switch back to “on”.  As of now, the White House again plans to move forward by June 15 with plans for 25% tariffs on $50 billion of imports from China.  But the areas where Trump is pushing China the hardest are the ones that make the least sense.

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    An Economic Platform for the Democrats

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    May 27, 2018 — Democrats are gearing up for the November mid-term elections, in which they hope to take back the US House of Representatives.  Candidates are finding that the voters are not necessarily paying close attention to foreign affairs or even Trump scandals, and are more concerned about “pocketbook issues.”   The conventional wisdom still stands:  underlying the shock election of Mr Trump was the worry by the median household that it has been left behind by globalization and technological change and that the gains have been going to the rich instead. read more

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