... protectionism. Among his main achievements here, he named the replacement of NAFTA with the new USMCA agreement (in fact, the conditions do not differ much, but for Trump the main thing is to declare a “grand victory”), as well as economic pressure and a trade war with China, which allowed a deal with it on more favourable terms for the United States. This deal is another of Trump’s aces in the upcoming election game. Beijing really made significant concessions, hoping to “wait out” the current Trump presidency,...
... effects of escalations in trade tensions and with good reason.
August is never an easy month for Russia’s markets, but this time surges in volatility started to afflict the global markets across the board. The fear of greater uncertainty surrounding the trade dispute between the US and China is getting transformed into increasing conviction in the markets of an onset of recession as symbolized in the inversion of the yield curve. As the inversion materialized in mid-August and the yield on the 2-year US Treasuries exceeded that of the ...
Working Paper 20/2015
This Working Paper was prepared as part of a research project concerning the development of strategic partnership and constructive cooperation between Russia and China carried out by the Russian International Affairs Council (RIAC).
The authors present the results of a comprehensive review of Russian–Chinese trade, economic, financial and cross-border relations, analyse the impact of strengthening bilateral cooperation between the Russian Federation and the People’s Republic of China on the prospects of a “partnership for modernization”, and offer some ...
... zone between itself and Mongolia.14 Whilst the suggestion has been made as far back as May, Russia should seriously invest in setting up a special free trade partnership between the EEU and Mongolia, as well as use diplomatic means to push for a free trade agreement between China and Mongolia.15 Creating a common economic space between these three zones would boost trade and streamline the energy-extraction flow from Russia through Mongolia and finally to China. Certainly there are obstacles to overcome in achieving this ...
