23 May 2019 President Trump's decision to raise tariffs to 25% on $200 billion of Chinese imports, and his suggestion an additional $300 billion of purchases could soon be subjected to similar levies has brought the trade conflict to a new level. China is certain to retaliate. Understandably , the escalation of the trade war … Continue reading China-US Trade: No Quick Fix!
6 March 2019 Following the BJP's dramatic 2014 electoral victory, Prime Minister Narendra Modi enjoyed a mandate to implement economic reform. From the beginning, however, the program faced criticism. On the one hand, Hindu nationalist believe the changes do not go far enough in promoting their interests, whereas non-Hindus charge the benefits have not been … Continue reading India: Long Growth Runway Still Lies Ahead
17 April 2018 As with any disputed relationship, there are three sides to every story: my version, their version, and the truth. So it is with the deepening Sino-American bilateral trade conflict. In order to reach a workable resolution to the current dispute (which I fully expect), policymakers on both sides need to consider the … Continue reading US-China Trade: Three Sides to Every Story
2 November 2017 Despite the flare up of dangerous geopolitical risks, Asian assets have performed exceptionally well in 2017. Indeed, after years of underperformance, the 28% gain in Asian equity markets is twice that of the S&P500. Likewise, shrugging off initial concerns after last year’s US election, most of the region’s currencies have appreciated handsomely … Continue reading Asia: Coping With Trump, China, and the Fed