‘World Trade Week’ At the end of the most consequential week for trade policy in Trump’s presidency, investors looked weary from uncertainty. The MSCI Global Index slumped for a second straight week and the yield on 10-year Treasuries flirted with its low of the year. The Bloomberg Dollar Index, meanwhile, reached his highest level of the year.
Trump may not be finished. On Friday, he foreshadowed the arrival of “World Trade Week,” May 20-26, in a proclamation that contained a not-so-coded message to what’s emerging as the main source of his economic angst: China.
“The United States will no longer tolerate any foreign nations gaining unfair advantages on American industries by stealing or forcing the transfer of our companies’ technology or intellectual property, subsidizing their exporters, illegally dumping products into our markets, and building excessive and unnecessary capacity,” Trump’s proclamation stated.
— With assistance by Jenny Leonard, and Shawn Donnan
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