US President Donald Trump debates with House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer as US Vice-President Mike Pence listens during a meeting in the Oval Office of the White House in Washington on December 11, 2018. The failure of negotiations between the Republican president and Democrats resulted in the longest US government shutdown in history. Photo: Washington Post
Opinion
Opinion
The View
The US-China trade war and Brexit don’t help, but behind sluggish global growth lies political gridlock
- Income inequality, an ageing workforce and a focus on creating short-term value for shareholders are some of the reasons for the global growth slowdown
- Behind all of these is a deadlocked political process in advanced economies that prevents investment in much-needed infrastructure that could spur growth
US President Donald Trump debates with House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer as US Vice-President Mike Pence listens during a meeting in the Oval Office of the White House in Washington on December 11, 2018. The failure of negotiations between the Republican president and Democrats resulted in the longest US government shutdown in history. Photo: Washington Post
Shipping containers at the Port of Los Angeles in January. Photo: Reuters
Americans, not Chinese, paying for Donald Trump’s tariffs, study by New York Fed shows
- Prices charged by Chinese firms have barely budged, suggesting US companies and consumers are absorbing about US$40 billion in annual costs
- However, China’s share of US imports of machinery, electrical equipment and electronics has fallen
Topic |
US-China trade war
Shipping containers at the Port of Los Angeles in January. Photo: Reuters