Analysis: Trump is being tested on the world stage all at once
Global Power: All over the world, President Trump's"America First" posture toward allies and frenemies will be tested as his signature trade negotiations with China are on the rocks and a cease fire has been reached in Gaza. Gaza militants agreed to a ceasefire with Israel early at 4:30 a.m. local time this morning after Israel trained airstrikes on them following more than 600 rockets aimed at it.
The series of events underscores criticisms of the White House's global strategy , Trump's volatile negotiation tactic and the president's tendency to conduct foreign policy via Twitter. Trump's hard-line threats on Twitter to increase tariffs on"$200 billion worth of Chinese goods from 10 percent to 25 percent on Friday and levy a new 25 percent fee on all remaining Chinese imports” caught Chinese officials, along with investors, by surprise as the U.S.
Chris Rupkey, chief financial economist for Mitsubishi UFJ Financial Group, wrote in a client note obtained by David, Damian and Bob. Analysts speculate that Trump's tweets were simply a means of scoring some political points as China has refused to bend to some of Trump's far-reaching demands. “With President Trump, you never know, but there is a good chance that this is just a threat,” Chad Bown, a senior fellow at the Peterson Institute for International Economics, told the
i. “If they announce a deal later this week, it will make it appear as if he acted as tough as possible to get the deal.”
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