Trump’s trade wars sent global investment tumbling – World Bank – The Guardian

Trump's trade wars sent global investment tumbling – World Bank  The Guardian

Donald Trump’s trade wars with China, Mexico and Europe have sent global investment tumbling, according to a World Bank report that forecasts worldwide growth this year will slip back to levels not seen since 2016. The Washington-based lender to developing world countries said in its half-yearly global health check that spiralling political uncertainty was to blame for a slowdown in trade and a collapse in investment spending that will push down GDP growth to 2.6% this year “before inching up to 2.7% in 2020”. The decision by the Trump administration to impose higher tariffs on Chinese impo...

The U.S. Is Losing Europe in Its Battle With China – The Atlantic

The U.S. Is Losing Europe in Its Battle With China  The Atlantic

On a sunny afternoon in early April, about a dozen diplomats from European and other allied nations gathered with their American counterparts around a conference table at the State Department. In a month’s time, China’s President Xi Jinping would host a summit in Beijing to celebrate his grand infrastructure project, the Belt and Road Initiative. The Americans wanted to send Xi a message. At the meeting in Washington, D.C., they pressed their allies to sign on to a joint statement condemning the Chinese plan. But it soon became clear that neither the Europeans nor a small group of other cou...