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#FreeTrade

1 post1 participant0 posts today
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Global Threads

🇮🇷 IRAN | 🌍 EAEU
🔴 Iran Finalizes Roadmap for Free Trade with Eurasian Bloc

🔸 Roadmap supports May 14 trade deal with EAEU—includes Russia, Belarus, Kazakhstan, Kyrgyzstan & Armenia.
🔸 Aims to boost direct business ties & ease regulatory barriers.
🔸 Focus on deeper economic integration & trade expansion.

#Iran#EAEU#FreeTrade
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aproitz

What is left from the big Plans of a #FreeTrade #Treaty between #UK and #US, self #promising in the #Aftermath of the #Brexit ? Pretty shallow everything now. #Politicians lied to the #Citizens, promising the Blue from the Sky to them.

Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiation | Gaby Hinsliff | The Guardian

theguardian.com/commentisfree/

The Guardian · Britain hasn’t agreed a trade deal with the US – it’s ended a hostage negotiationBy Gaby Hinsliff
Public
Miguel Afonso Caetano

"Corporate clients are strengthening their balance sheets, pulling forward inventory and pausing spending or investments in their businesses, Citigroup’s Fraser said. Executives are locked in intense talks with bankers and running through scenarios. She expects that to turn into action later this year.

Along the way, the global economy may pay a price that “is not trivial,” International Monetary Fund Managing Director Kristalina Georgieva said. After all, trade imbalances built up for years and are coming to a head in a manner that is difficult to anticipate.

“We are now going from a predictable trade regime to what is going to be a new equilibrium,” she said. “The way from here to there, very uncertain.”

Such uncertainty is creating the potential for a recession — but economic growth may end up stronger, Michael Goosay, chief investment officer for fixed income at Principal Asset Management, said in an interview at Milken."

bloomberg.com/news/articles/20

#USA#Trump#Tariffs
Public
Miguel Afonso Caetano

"Since the Seventies, America’s deficits have provided East Asia (first Japan, then China) and Europe (primarily Germany) the demand for their factories’ manufactures. In return, the European Union, Japan and later China sent their accumulated profits to Wall Street to be recycled into US private and public debt, some equities, and real estate. A Chinese official once described this mechanism to me as a “dark deal”. “Our Dark Deal with the Americans,” the official explained, “turns on the US trade deficit, which keeps demand for our manufactures high. In return, our capitalists invest the bulk of their dollar superprofits into America’s FIRE”. (The acronym stands for “Finance, Insurance, and Real Estate.”) “Once this process got underway, America shifted much of its industrial production to our shores.”

The problem with this global recycling mechanism was that, to function smoothly, it had to generate larger and larger imbalances: greater trade deficits for the US and more accumulated savings for Northern Europe and East Asia. But there are limits to how large imbalances can grow. Ruptures are inevitable. The longer they are delayed, the greater the pain they inflict — a truth that centrists never acknowledged, not even when it was tearing down their houses.

Trump’s greatest strength comes from asking the pressing question that the centrists refuse to countenance: what comes after the Dark Deal? What comes after the imbalances built on the US trade deficit have proven unsustainably massive? Scott Bessent, Trump’s Treasury Secretary, put it succinctly in a recent speech at the IMF: “Everywhere we look across the international economic system today, we see imbalance… This status quo of large and persistent imbalances is not sustainable… The persistent over-reliance on the United States for demand is resulting in an evermore unbalanced global economy.”"

unherd.com/2025/05/the-centris

UnHerd · Why the centre will not holdBy Yanis Varoufakis
#Centrism#Liberalism#USA
Public
Nonilex

#GlobalEconomy already feeling drag from #TrumpTariffs

#Trump's #tariffs are increasingly clogging up the wheels of a world #economy which for decades were greased by predictable & relatively #FreeTrade.

Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of #job cuts & reviewed their #business plans, while major economies revised down growth prospects amid bleak data read-outs.

#recession #trumpcession
reuters.com/world/china/global

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Easily Pleased

…countries passed IP laws to protect US tech interests in exchange for tariff-free access to US markets. …[now we have] a generational opportunity to pass laws that enable local technologists to jailbreak US tech exports and liberate their people from the extractive practices of Big Tech forever.

pluralistic.net/2025/05/01/its

#Cory_doctorow #unexpectedupside

pluralistic.netPluralistic: Apple faces criminal sanctions for defying App Store antitrust order (01 May 2025) – Pluralistic: Daily links from Cory Doctorow
#antitrust#freetrade
Public
The-14

Mark Carney won: Here are the key economic priorities for his new government

the-14.com/mark-carney-won-her

The-14 Pictures · Mark Carney won: Here are the key economic priorities for his new government | The-14Streamlining natural resource projects Canada is a natural resource superpower. However, for natural resources and critical minerals to be extracted efficiently, regulatory processes need to be streamlined by cutting red tape and duplicative assessments. The federal government and the provinces should agree to a single environmental assessment that meets the standards of both jurisdictions. Additionally
Public
Miguel Afonso Caetano

"In Finland, manufacturing accounted for 24 percent of GDP. By 1991, it had declined to 17. In Sweden, manufacturing as a share of GDP declined from 21 to 16 percent during the same period. But by the early 2000, Finland brought its manufacturing share of GDP back up to 24 percent, and Sweden raised its manufacturing share of GDP to 20 percent.

The same trend can be observed in Singapore. Singapore experienced quite a significant decline in manufacturing in the mid-1980s, from 27 percent to 20 percent. But by the mid-2000s, it had recovered back to 27 percent. By the way, Singapore, despite what people think, is one of the most industrialized countries in the world: in terms of per capita manufacturing output, it ranks in the top five globally. There’s an interesting myth about it being a service economy.

The most industrialized country in the world is Switzerland. You think that the Swiss are dealing in the black money from Third World dictators and selling cow bells and cuckoo clocks to American and Japanese tourists. Actually, it is literally the most industrialized country in the world, if you count in terms of manufacturing output per person.

These countries have managed to revive their manufacturing industry, and since then they have declined a bit. But the lesson here is that these countries could do that only because they had a deliberate policy to revive manufacturing. What Donald Trump is trying to do is wishful thinking. Countries that have successfully increased their manufacturing output have deliberate policies to support manufacturing. In the Swedish and Finnish case, it also extended to retraining the workers made redundant because of the decline in traditional manufacturing sectors and then turning them into workers for new industries."

jacobin.com/2025/04/tariffs-pr

jacobin.comHa-Joon Chang: There Should Be No Return to Free TradeDonald Trump’s attempts to overturn the global trade regime are chaotic and uncoordinated. As economist Ha-Joon Chang tells Jacobin, Trump has failed to see that the cause of the US’s relative decline is its own domestic capitalist class.
#USA#Trump#Manufacturing
Public
Global Threads

🇫🇷 FRANCE | 🇺🇸 US
🔴 France Softens Trade Tone Toward Trump

🔸 Finance Min. Lombard urges “win-win” transatlantic deal at Semafor summit.
🔸 Calls on EU to avoid tariff retaliation; prefers real free trade pact.
🔸 Recent market jitters & Trump-Meloni talks push both sides toward détente.
🔸 Apple & Meta fines kept low — sign of easing tensions.

#France#Trump#Trade
Public
Alo Japan

alojapan.com/1252355/not-appro Not appropriate to discuss security & trade together with US: Japanese PM #FreeTrade #Japan #JapanNews #JapanUSRelations #Japanese #JapaneseNews #news #ShigeruIshiba #TradeNegotiations #USTariffs Japanese Prime Minister Shigeru Ishiba said on Sunday that it would not be appropriate to discuss security and trade together with the US. “I don’t think it is appropriate to discuss security and trade together. We should address security issues…

Not appropriate to discuss security & trade together with US: Japanese PM
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