The Economist: The Collision Course – 19.19

The Economist No 19

American and Chinese negotiators wrestled over a trade deal. Donald Trump’s threat, backed by senior American officials, to increase tariffs on Chinese goods if an agreement was not reached rattled stockmarkets; prices have bounced back this year in part on renewed optimism about trade. Meanwhile, data showed that Chinese exports fell unexpectedly in April; exports to America were 13% lower than the same month in 2018. See article.

Mr Trump tweeted that Stephen Moore had withdrawn from consideration for a seat at the Federal Reserve. Mr Trump’s choice of Mr Moore, a tax-slashing warrior, had raised concerns, even among Republicans, that he was trying to plant political supporters in the central bank. Mr Moore was also in hot water for a number of disparaging remarks about women he made in the past. 

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