Merz floats Plaza Accord redux to tame China's trade practices

Merz floats Plaza Accord redux to tame China's trade practices

Trade tensions between the EU and China are deepening. On June 16, the EU’s trade chief, Maros Sefcovic, said the bloc’s unbalanced trade relationship with China “had reached a point that requires a reset.” The German chancellor, Friedrich Merz, then criticized Beijing days later for what he claimed were its unfair trade practices. In comments […] The post Merz floats Plaza Accord redux to tame China’s trade practices appeared first on Asia Time…

Why the Chinese working class won’t pay for Western neoliberalism - Invent the Future

The following article by Carlos Martinez responds to German Chancellor Friedrich Merz’s call at the recent EU summit for a new “Plaza Accord” to force up the value of the Chinese renminbi. Carlos recalls how the original 1985 Plaza Accord was not a neutral rebalancing of trade but the deliberate kneecapping of an economic competitor – Washington strong-arming Japan, West Germany, France and Britain into driving down the dollar, plunging Japan in…

Why the Chinese working class won’t pay for Western neoliberalism

The following article by Carlos Martinez responds to German Chancellor Friedrich Merz’s call at the recent EU summit for a new “Plaza Accord” to force up the value of the Chinese renminbi. Carlos recalls how the original 1985 Plaza Accord was not a neutral rebalancing of trade but the deliberate kneecapping of an economic competitor … Continue reading Why the Chinese working class won’t pay for Western neoliberalism