Overseas Headlines- February 17, 2020

February 17, 2020

United States:

Trump Goes Orthodox With His Trade Re-Election Pitch

“President Donald Trump’s place in the history books is likely to be that of the iconoclastic disruptor. He was elected in 2016 promising an economic agenda meant to give mainstream practitioners and policy makers tariff-derived palpitations. And by and large — on trade, certainly — he has delivered on the palpitations. The disruptions are certainly continuing. But one remarkable development this year is that as he runs for re-election, Trump and his team are offering an oddly orthodox economic sales pitch.”



U.K. Home Asking Prices Jump to Near-Record High After Election

“Asking prices for U.K. homes rose to a near-record this month after Boris Johnson’s Brexit breakthrough lifted confidence, website-operator Rightmove said. Values increased 0.8% on the month to an average 309,399 pounds ($400,000) it said Monday. In London, they gained 2.7% from a month earlier as uncertainty about the country’s future with the European Union started to lift.”



U.S. Factories in China Are Open, But With ‘Severe’ Worker Shortage

“Most U.S. factories in China’s manufacturing hub around Shanghai will be back at work this week, but the “severe” shortage of workers due to the coronavirus will hit production and global supply chains, according to the American Chamber of Commerce in Shanghai. While about 90% of the 109 U.S. manufacturers in the Yangtze River delta expect to resume production this week, 78% of them said they don’t have sufficient staff to run at full speed, according to a survey by AmCham. The biggest reasons for that were travel restrictions on their staff returning from holidays and the requirement to quarantine them for two weeks once they do come back.”


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