Overseas Headlines -September 9, 2020

United States:

U.S. Businesses in China Not Heeding Trump’s Call to Return Home

“President Donald Trump says U.S. companies should leave China and return home. A new survey of U.S. businesses in the country shows most aren’t interested in taking him up on the offer. Only about 4% of the more than 200 manufacturers surveyed by the American Chamber of Commerce in Shanghai said they will shift any production to the U.S., according to a report released Wednesday. More than 75% said they don’t intend to move production out of China, while 14% said they will shift some operations to other countries and 7% planned on relocating domestically and overseas.”



EU’s Dombrovskis Presses U.S. to Scrap Tariffs Over Airbus Aid

“The European Union’s newly designated trade chief said the EU would hit American goods with tariffs as punishment for illegal aid to Boeing Co. unless the U.S. removes duties imposed as retaliation over unlawful subsidies to Airbus SE. “We will if we will have to, but our preference would be to have an agreement with the U.S. in between where they also withdraw their tariffs,” Valdis Dombrovskis said in a Bloomberg Television interview on Tuesday in Brussels hours after being appointed EU trade commissioner”



Bank of Thailand Head Sees Stronger Fiscal Role for Recovery

“hailand’s outgoing central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low. Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.” The limit was set up during “normal times” and the level isn’t high compared to other emerging markets, he said Tuesday in an interview with Bloomberg Television Haslinda Amin”




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