The
current focus on worldwide tariffs, particularly those of Chinese and American
products, was kicked off by President Trump at the G7 meeting held in Quebec.
· Mohamed El-Erian, formerly head of PIMCO and now
chief economic advisor to its owner Allianz, recently stated that “The failed
G7 Summit dealt a very public blow to a once powerful grouping that had already
been challenged by global economic re-alignment, the emergence of the more
representative G20, and new forms of regionalism.”
· Today
the leading German auto manufacturer suggested that there be no tariffs on
autos within the market that uses the Euro. This is a reaction to a suggestion
that the American President made at the meeting.
My blog post last week,
entitled “Learning from the Demise of G7 through the Battle of Cowpens,” is available by subscribing to my
blog. To become a regular reader simply
send me an email at AML@Lipperadvising.com .
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