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Fears about BYD seem based on general worries about China, not knowledge of the company. BYD is about as independent and private as you can get in China, and no US (or European or Japanese or Korean) automaker is building electric buses.https://wapo.st/2QhUdWj?tid=ss_tw&utm_term=.4c8e14ab44af…
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1. A Twitter critic accused me the other day of “incoherence” because of my insistence that historical analogies (between China and other historical US rivals) can reveal vital similarities despite substantive differences, and vital differences despite substantive similarities.
I have been wondering for months when the markets would finally wake up to the dangers here. And if they now have, will a falling stock market change Trump's tactics?https://nyti.ms/2HSLiH9
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Trump says Huawei is "very dangerous" but "if we made a deal, I could imagine Huawei being possibly included in some form of or some part of a trade deal" https://bloom.bg/2VZWHyxpic.twitter.com/UstC38OCsz
Trump: Huawei 'Very Dangerous,' Could Become Part of Trade Deal
President Donald Trump said Thursday that China’s Huawei Technologies Co., which was put on a U.S. blacklist earlier this month, could be part of a trade pact with the country. Greg Sullivan reports.
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NEW: The Commerce Department is proposing amending CVD process to impose tariffs on countries that undervalue their currency. Sources tell me this idea was pushed by Navarro and Ross and has Lighthizer’s support as well. Many Democrats have been advocating for this for years.
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Strongly support this proposed move by Commerce to penalize currency misalignment. Long overdue. Will help defend American workers and businesses against one of the most egregious unfair trade practices.https://twitter.com/jendeben/status/1131701897616867335…
Scott Paul added,
Jenny Leonard@jendeben
NEW: The Commerce Department is proposing amending CVD process to impose tariffs on countries that undervalue their currency. Sources tell me this idea was pushed by Navarro and Ross and has Lighthizer’s support as well. Many Democrats have been advocating for this for years.
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Trump and Abe are unlikely to resolve trade disputes involving auto tariffs during meetings starting this weekend, Japanese official sayshttps://bloom.bg/2HJCV0g
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No agreed method to precisely measure under/overval. If $ surges due to US policy, undervaluing others, shld country be sanctioned? XRs driven by macro/cap flows, not just trade. Treas has FX expertise, not Commerce CVDs require "specific" benefit; not apropos. Black eye to IMS.
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