Japan, with its huge debt and the yen’s slide, is bidding to be the star of the biggest economic and financial crisis in human history. The political career of Japanese Prime Minister Sanae Takaichi is sinking almost as fast as the yen these days — and the two developments are closely linked. The yen has …
Tag: exports
Trump tariffs cost US households and businesses $100 billion a year
The new tariffs imposed by the administration of US President Donald Trump are expected to cost American consumers and businesses more than $100 billion annually, according to new economic estimates, as Washington escalates its protectionist trade policy again. The new tariff policy is being implemented at a time when international markets are already being tested …
Inflationary pressures & Εconomic turmoil from the Persian Gulf are fueling a global power realignment towards China-Russia
Approximately, 20 million barrels of oil and condensate pass through the Strait of Hormuz every day, an amount that corresponds to almost 20% of global consumption. At the same time, approximately 25%-30% of the world’s liquefied natural gas (LNG) trade is transported through the same sea route, making the region the most important energy hub …
Europe survived the public debt crisis but the hard euro will kill it – Export collapse
The European financial landscape is currently facing a powerful combination of factors that are causing concern in its banking sector and beyond – it has sounded the alarm even though this has not been seen in what the established financial media is reporting. Despite statements by Brussels officials about an “opportunity for the euro” to …
Trump kills the “hard” dollar with tariffs & regains US economic dominance
The roots of the US economic hardship are found in the dollar, the head of the “wise men” of Donald Trump’s government, Stephen Miran, found in a study he wrote in November 2024 (“A User’s Guide to Restructuring the Global Trading System“) and which is the guide to Trump’s economic policy regarding international trade/tariffs and …
Tariffs, the destructive currency war between China and the US and the “strong dollar”
Beijing has a powerful tool to respond to President-elect Donald Trump’s threatened new tariffs on Chinese goods: it could launch a currency war, a step that carries dire risks for both China and the United States — and certainly for the global economy. Depreciating the value of China’s currency, the yuan, against the dollar would …
Global economic turmoil and geopolitical crisis since the Chinese recession
China is teetering on the brink of recession — excluding the Covid era, for the first time since 2008 — as new data showed industrial production shrank for a fourth straight month while new orders data was particularly weak. The above data are indications that China’s economic model, which was based on Simply put, weak …
Pressure on Emerging Economies from the Overvalued Dollar
The rise of the US currency depletes their limited foreign exchange reserves and stunts growth by making their exports more expensive. The strengthening of the dollar over the past year due to continued interest rate hikes by the US Federal Reserve has put severe pressure on many emerging economies, which have seen their national currencies …