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Media Report
April 03 , 2017
  • The Washington Post: Wonkblog：What those papers Trump left on his desk reveal about his trade policy
    The Washington Post comments: "After a campaign defined in large part by a pledge to turn the nation's trade agenda on its head, President Trump has opened his presidency with a series of modest, more cautious steps...A draft letter from the administration to Congress that leaked this week called for maintaining the North American Free Trade Agreement largely as it currently exists...On Thursday night, Trump's commerce secretary announced a set of small-bore duties on a few specific types of imported steel plate — and then went on cable television the next morning to proclaim that the United States is in a 'trade war' with the world...The questions about Trump's trade plans take new urgency this week ahead of his first meeting with President Xi Jinping of China, scheduled for Thursday and Friday at the president's Mar-a-Lago Club in Florida. The Chinese are eagerly awaiting answers on whether the United States will support granting the country status as a market economy under international law, a status that would protect Chinese products from certain tariffs. 'It is all about trade,' Trump said of his meeting with Xi in an interview with the Financial Times."
  • Reuters：Manufacturing growth caps strong first quarter, led by China
    Reuters reports: "Factories across Europe and much of Asia posted another month of solid growth in March, rounding off a strong quarter for manufacturers, even though exporters fear a rise in U.S. protectionism could snuff out a global trade recovery. China led the way, with an official manufacturing index expanding at the fastest pace in nearly five years...The official Chinese PMI on Friday rose to 51.8 in March from 51.6, thanks to a months-long construction boom which is helping to boost resources prices around the world.That was the strongest reading since April 2012, though a private survey focusing on smaller companies suggested a more cautious outlook, raising questions about whether the export recovery can be sustained. Julian Evans-Pritchard, an economist at Capital Economics, said the strength in China won't last - measures to cool its overheated property market and tighter central bank policy is likely to curb investment and industrial activity in coming quarters. But the biggest risk for China may be brewing halfway across the world. U.S. President Donald Trump...On Friday, Trump sought to push his crusade against U.S. trade deficits and for more manufacturing jobs back to the top of his agenda, by ordering a study into the causes of the trade deficits and a clampdown on import duty evasion."
  • The New York Times：Trump Is Wimping Out on Trade
    The New York Times comments: "On Friday the White House scheduled a ceremony in which Mr. Trump would sign two new executive orders on trade. The goal, presumably, was to counteract the growing impression that his bombast on trade was sound and fury signifying nothing. Unfortunately, the executive orders in question were, to use the technical term, nothingburgers. One called for a report on the causes of the trade deficit; wait, they're just starting to study the issue? The other addressed some minor issues of tariff collection, and its content apparently duplicated an act President Obama already signed last year...Business seems to have decided that Mr. Trump is a paper tiger on trade: The flow of corporate relocations to Mexico, which slowed briefly while C.E.O.s tried to curry favor with the new president, has resumed. Trade policy by tweet, it appears, has run its course. Investors seem to have reached the same conclusion: The Mexican peso plunged 16 percent after the election, but since Inauguration Day it has recovered almost all the lost ground. Oh, and last week a draft proposal for revising the North American Free Trade Agreement circulated around Congress."
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