The United States’ aggressive tariff policies and a foreign aid strategy rooted in a ‘grievance narrative’ are fundamentally altering the global economic landscape, with profound implications for both the US and the international community. This was the consensus among experts at recent events hosted by the Peterson Institute for International Economics in Washington. They emphasized the urgent need for multilateral cooperation to counteract the rising tide of isolationism and the disruptions caused by tariffs. Hector Torres, a senior fellow at the Centre for International Governance Innovation and former International Monetary Fund executive director, described the shift as a ‘seismic disruption’ in global trade. He highlighted the transition from a rules-based to a deals-based trading system, driven more by geopolitical motives than economic rationale. The fragility of global trade was a recurring theme during the discussions on October 14 and 15. Experts warned of the risks posed by US isolationism and stressed the importance of preserving a rules-based system. The latest IMF World Economic Outlook, released on October 14, projected subdued global growth for this year and next, with renewed trade disputes posing significant risks. Maurice Obstfeld, a senior fellow at the Peterson Institute and former IMF chief economist, criticized the US reliance on tariffs, calling them inefficient and regressive. He noted that the tariffs, estimated to generate about $200 billion annually, disproportionately affect low-income individuals and distort production and consumption in the US. Obstfeld also challenged the US administration’s ‘grievance narrative,’ which portrays other nations as exploiting the US through trade deficits, financial inflows, or security ‘freeloading.’ He argued that this mindset is driving isolationist policies that harm both the US and global economies. Mari Elka Pangestu, vice-chairwoman of Indonesia’s National Economic Council and former World Bank managing director, described the current era as a ‘watershed moment’ for global trade. She emphasized the importance of diversifying trade partnerships, pointing to Indonesia’s newly concluded trade agreement with the European Union as a counterbalance to US tariffs. Torres also highlighted China’s historic role in global trade and the critical role of the WTO, despite its challenges. He called for reforms to address the lack of rules in digital trade, warning of the potential for conflicting regulations or ‘digital firewalls’ in every country. Looking ahead, geopolitical developments are expected to shape the future of trade, with the Middle East and Ukraine identified as critical areas. Obstfeld expressed hope for EU reforms to enhance stability, while Pangestu pointed to the current Association of Southeast Asian Nations summit as an opportunity to reaffirm multilateralism.
标签： North America
北美洲
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Argentina eyes expansion of beef exports to China
Argentina is strategically positioning China as the cornerstone of its beef export expansion, driven by evolving Chinese consumption patterns and increasing demand for diverse meat products. According to the Argentine-Chinese Chamber of Commerce, China accounts for 78 to 80 percent of Argentina’s annual beef exports, solidifying its role as the primary market for Argentine meat producers. This trend was highlighted at the recent Expo Ganadera del Centro, a major livestock fair in Buenos Aires, where Alejandra Conconi, the chamber’s executive director, emphasized China’s pivotal role in Argentina’s international meat trade. Trade data from Argentina’s Ministry of Agriculture, Livestock and Fisheries reveals that in 2024, the country exported over 900,000 metric tons of beef, with China purchasing approximately 595,000 tons. Sebastian Schulz, a researcher at the National University of La Plata, attributes this growing demand to China’s socio-economic transformation, including its focus on balanced development and the goal of achieving ‘common prosperity.’ As China’s middle class expands and dietary preferences diversify, Argentine producers are finding new opportunities in previously undervalued products such as cull cows and offal, which now command higher prices in the Chinese market. Additionally, Argentina’s participation in the Belt and Road Initiative is fostering deeper agricultural collaboration and technology transfers, which Schulz describes as ‘strategically important’ for balancing trade deficits and promoting mutual benefits. Looking ahead, Argentina is also exploring exports of bovine genetics and embryos, a high-value segment where the country holds global recognition. The diversification of beef, pork, and by-products is seen as crucial for ensuring the long-term sustainability of Argentina’s meat sector. Amadeo Derito, vice-president of the Argentine Angus Association, noted that exports of certified Angus beef to China have continued to grow, with 1,700 tons certified in the first three quarters of 2024, primarily catering to premium markets.
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Prospects for talks between Trump, Putin played down
The likelihood of a summit between U.S. President Donald Trump and Russian President Vladimir Putin appears increasingly uncertain, as Trump expressed skepticism about the potential for productive talks. Speaking to reporters aboard Air Force One en route to Asia, Trump emphasized that any meeting with Putin would need to yield tangible results. ‘I’m going to have to know that we’re going to make a deal. I’m not going to be wasting my time,’ he stated, following the collapse of plans for a summit in Budapest. Despite his past rapport with Putin, Trump described the current situation as ‘very disappointing.’
Meanwhile, Kremlin negotiator Kirill Dmitriev engaged in discussions with U.S. officials over the weekend, focusing on resolving the ongoing conflict in Ukraine. Dmitriev, who met with Trump’s special envoy Steve Witkoff in Florida, expressed optimism about a diplomatic breakthrough. ‘I believe Russia, the U.S., and Ukraine are actually quite close to a diplomatic solution,’ he told CNN, highlighting Ukrainian President Volodymyr Zelensky’s willingness to use the current front line as a basis for negotiations.
The Kremlin, however, downplayed the notion of a canceled meeting between the two leaders, stressing the need for thorough preparation. ‘Presidents cannot meet for the sake of meeting,’ Kremlin spokesman Dmitry Peskov remarked, noting the complexity of the process. Russian Foreign Minister Sergey Lavrov and U.S. Secretary of State Marco Rubio have been tasked with laying the groundwork for a potential summit.
Amid these diplomatic efforts, tensions on the ground remain high. Russian missile and drone strikes in Ukraine resulted in multiple casualties, while Russia reported intercepting over 120 Ukrainian drones. Additionally, Putin announced the successful final test of the Burevestnik, a nuclear-powered cruise missile with an ‘invincible’ design and a range of up to 14,000 kilometers. The weapon’s unpredictable flight path and near-unlimited range pose a significant challenge to existing missile defense systems.
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Contenders flex their muscles as Packers ruin Rodgers reunion
The eighth week of the NFL season delivered a spectacle of dominant performances, rookie breakouts, and nail-biting comebacks, solidifying the league’s reputation for unpredictability and excitement. The Indianapolis Colts continued their impressive run, improving to 7-1 after a commanding 38-14 victory over the Tennessee Titans. Running back Jonathan Taylor was the standout, scoring his fourth touchdown hat-trick of the season and amassing 153 rushing yards, including an electrifying 80-yard touchdown. Taylor’s stellar form has sparked discussions about him becoming the first running back to win the MVP since Adrian Peterson in 2012. Meanwhile, the Denver Broncos and New England Patriots extended their winning streaks to five games, with quarterbacks Bo Nix and Drake Maye showcasing their prowess. Nix threw four touchdown passes in a 44-24 rout of the Dallas Cowboys, while Maye overcame five sacks to lead the Patriots to a 32-13 victory over the Cleveland Browns. The New York Jets provided one of the most thrilling moments of the week, staging a remarkable 39-38 comeback against the Cincinnati Bengals. Running back Breece Hall was the hero, scoring two rushing touchdowns and throwing the game-winning touchdown on a trick play. This marked the Jets’ first win of the season and ended a 135-game losing streak for teams trailing by 15 or more points entering the fourth quarter. Elsewhere, Aaron Rodgers faced his former team, the Green Bay Packers, for the first time, but it was Jordan Love who stole the show, leading the Packers to a 35-25 victory over the Pittsburgh Steelers. Love’s near-flawless second half, which included 20 consecutive completions, has Packers fans dreaming of a bright future. The Philadelphia Eagles avenged their recent loss to the New York Giants with a 38-20 win, thanks to a monster 150-yard rushing performance by Saquon Barkley. Despite leaving the game with a groin injury, Barkley’s breakout game could be the catalyst the Eagles need to reignite their offense. The Tampa Bay Buccaneers joined the Eagles at 6-2 after a dominant 23-3 win over the New Orleans Saints, while the Buffalo Bills remained hot on the Patriots’ heels with a 40-9 demolition of the Carolina Panthers. Week 8 also saw the Baltimore Ravens and Miami Dolphins secure crucial victories, with Derrick Henry scoring twice for the Ravens and Tua Tagovailoa throwing four touchdowns for the Dolphins. As the season progresses, the race for playoff spots intensifies, with several teams emerging as genuine contenders for the Super Bowl.
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California Governor Newsom mulls 2028 US presidential run
California Governor Gavin Newsom has revealed he is contemplating a run for the U.S. presidency in 2028, with a final decision expected after the 2026 midterm elections. In a recent interview on CBS News’ ‘Sunday Morning,’ Newsom acknowledged his interest in the race, stating, ‘Yeah, I’d be lying if I said otherwise.’ The Democratic leader has been actively positioning himself for a potential campaign, gaining prominence within his party for his opposition to Republican President Donald Trump on various issues. Newsom has also spearheaded efforts in California to redraw congressional maps, countering similar moves by Republican-led states as both parties vie for control of the U.S. House of Representatives. Additionally, he has clashed with Trump over military deployments to Los Angeles. While Trump is constitutionally barred from a third term, he has hinted at possible methods to circumvent this restriction. Newsom’s potential candidacy adds an intriguing dynamic to the 2028 presidential race, as he evaluates the political landscape and potential contenders.
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US government says it will stop paying for food aid next week
The ongoing US government shutdown has led to a critical halt in the distribution of food assistance to over 40 million Americans, as federal funds for the Supplemental Nutrition Assistance Program (SNAP) have been exhausted. The US Department of Agriculture announced the cessation of benefits starting November, attributing the impasse to Senate Democrats. The Trump administration has declined to tap into a contingency fund, citing its necessity for potential emergencies like natural disasters. This decision has sparked outrage among Democratic lawmakers, who have condemned the move as cruel and unlawful. Congresswomen Rosa DeLauro and Angie Craig criticized President Trump for prioritizing aid to Argentina and constructing a new White House ballroom over addressing domestic needs. The Center on Budget and Policy Priorities (CBPP) estimates that the contingency fund would only cover about 60% of one month’s benefits. Democratic House members have urged Agriculture Secretary Brooke Rollins to release the reserves and reallocate other available funds to fully support SNAP for November. However, Rollins maintains that the reserve is reserved for true emergencies, primarily natural disasters. States are scrambling to mitigate the impact, with some pledging to use their own funds, though the federal government has warned against reimbursement. Massachusetts, where one million people are expected to lose benefits, has admitted to insufficient resources. California is deploying its National Guard to assist in food distribution, while many states are directing SNAP recipients to charity food pantries. The government shutdown, now in its 26th day, marks the second-longest in US history, exacerbating the crisis for millions of vulnerable Americans.
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Flight delays in US to grow worse, transportation secretary warns
The ongoing US government shutdown, now in its 26th day, is taking a heavy toll on air traffic controllers, who are increasingly seeking second jobs and calling in sick due to unpaid work. Transportation Secretary Sean Duffy revealed the escalating crisis on Sunday, highlighting the strain on these essential workers. The situation has led to significant flight delays across the country, with a ground stop issued for much of the California coast due to staffing shortages. Over 3,000 flights were delayed on Sunday alone, exacerbating disruptions caused by weather and other factors. Duffy expressed deep concern, stating that controllers are under immense stress and are exploring alternative income sources, such as driving for Uber, to make ends meet. He emphasized the need for controllers to focus on airspace safety rather than financial worries. The Federal Aviation Administration (FAA) issued alerts for multiple airports, including Los Angeles International Airport, Newark Liberty International Airport, and Dallas Fort-Worth, warning of delays due to low staffing. The crisis coincides with critical travel periods, including Game 3 of the World Series in Los Angeles and the upcoming Thanksgiving holiday. This situation mirrors the 2019 shutdown, which ended after air travel disruptions prompted a resolution. Duffy’s warnings underscore the urgent need for a resolution to prevent further deterioration of air travel safety and efficiency.
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Look: Jacob Elordi’s first look character poster from ‘Frankenstein’
The highly anticipated Netflix film ‘Frankenstein,’ directed by Guillermo del Toro, has unveiled the first look at Jacob Elordi in his transformative role as ‘The Creature.’ The Australian actor, known for his role in ‘Euphoria,’ undergoes a dramatic metamorphosis to portray Mary Shelley’s iconic monster. The official character poster, released by Netflix, showcases Elordi with pale, cadaverous skin, lacerations, and long, stringy hair, rendering him nearly unrecognizable. The film, set for a global release on November 7, also features a star-studded cast including Oscar Isaac, Mia Goth, Felix Kammerer, and Christoph Waltz. Elordi revealed that the extensive makeup process, which took up to 10 hours per day, profoundly impacted his approach to acting. Director del Toro expressed confidence in Elordi’s ability to embody the complex character, despite the actor’s conventionally attractive appearance. Fans eagerly await the film’s debut, which promises to be a visually stunning and emotionally gripping adaptation of the classic tale.
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Lassie and Lost in Space actress June Lockhart dies aged 100
June Lockhart, the celebrated actress renowned for her iconic roles in television series such as *Lassie* and *Lost in Space*, has passed away at the age of 100. The veteran performer died peacefully of natural causes at her Santa Monica residence on Thursday, as confirmed by a family spokesperson. Lockhart’s illustrious career spanned decades, leaving an indelible mark on both stage and screen. Born on June 25, 1925, in New York City, she made her cinematic debut at just 13 years old in the 1938 film *A Christmas Carol*, sharing the screen with her parents, esteemed actors Kathleen and Gene Lockhart. Her Broadway breakthrough came in the 1940s with her ‘enchanting’ performance in *For Love or Money*, earning her a Tony Award, a Donaldson Award, and the Associated Press citation for Woman of the Year for Drama. Lockhart’s portrayal of Ruth Martin in *Lassie* during the late 1950s and 1960s solidified her status as a household name, garnering her an Emmy nomination. She further captivated audiences as the nurturing mother in the science-fiction classic *Lost in Space* from 1965 to 1968. Even in her later years, Lockhart remained active, lending her voice to a 2021 Netflix remake of *Lost in Space*. A lifelong enthusiast of current events, she remained engaged with the world, reading the *New York Times* and *LA Times* daily until her final days. She is survived by her two daughters, including Anne Lockhart, who followed in her mother’s footsteps as an actress.
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Harris reflects on why she did not ask Biden to quit sooner
In a candid interview with the BBC’s Laura Kuenssberg, former U.S. Vice President Kamala Harris expressed deep introspection over her decision not to urge President Joe Biden to withdraw from the 2024 presidential race. Harris, who stepped in as the Democratic nominee after Biden’s exit but ultimately lost to Donald Trump, revealed her lingering doubts in her new book, *107 Days*. She questioned whether her silence was an act of grace or recklessness, particularly given her concerns about Biden’s ability to endure the grueling demands of a presidential campaign. Harris emphasized that her reservations were not about Biden’s capacity to govern but rather his stamina for the campaign trail, especially against a formidable opponent like Trump. She also acknowledged the delicate position she was in, fearing that raising the issue might be perceived as self-serving. The broader debate about whether Biden’s inner circle should have challenged his decision to run has sparked significant discussion, with some alleging that his physical decline was concealed from the public. Biden’s aides have denied these claims, asserting that while he aged visibly, there was no evidence of mental incapacity. Harris, now promoting her book in the UK, hinted at a potential future presidential run, stating she is ‘not done’ with public service.