The Obama’s administration plans to tighten trade laws in the country to oppose exporting cheap goods such as China and Vietnam. The trade ministry has developed 14 proposals to address illegal practices of these countries to subsidize exports. The introduction of planned changes, which are specifically aimed at countries where governments have control over markets, will begin later this year. The plan is part of White House efforts to double exports to the U.S. over the next five years to encourage job creation – a goal that President Barack Obama outlined in his speech in January. From the administration point out that the doubling of exports will help create 2 million jobs. The changes will stop the practice of allowing individual foreign companies to apply for exemption from additional taxes, if they prove that they have not done dumping or receiving subsidies for a certain period. Moreover, changes designed to improve the efficiency of the administration of international trade, which examine whether foreign companies importing products in the U.S. receive unfair subsidies in their home countries.
According to estimates of the trade ministry of the U.S. exports accounted for 7 percent of employment in the country in 2008 during the first four months of this year, U.S. exports have increased by 17 per cent annually.

The crude oil began the new week with a promotion. It is mainly due to optimistic sentiment on the stock exchange in China, which were published today, good corporate news. Reason for stock growth in the Asian country became the accounts of companies in the manufacturing sector like Sanyo Heavy Industry and Changsha Zoomlion Heavy Industry Science & Technology Development, who were able to achieve strong growth in profits for the first semester. “Next year the price of oil will be higher because of strong demand growth in developing countries and declining oil supply,” said Neil Baveridge of Sanford Bernstein in Hong Kong. Today the price of oil contracts with delivery in October rose by 0.3 percent to 74.10 dollars a barrel, although at an early stage of trade quotes to move with growth of 0.7 per cent.

Thus black gold six-month unstick from bottom, recorded late last week. Then oil with delivery in September retreated to 73.46 dollars a barrel, while quotations for the entire week is pulled down by 2,6 percent.

This morning in London, Brent crude oil by increasing its price by 0.23 percent to 74.43 dollars a barrel.

Need more arguments that Washington should no longer plans to promote the economy? Surely you do – the list is already long enough, but worth it to see the basic argument and Andy Siun, former chief economist for Morgan Stanley’s Asia region. He says that cost the U.S. simply support the economy of China and harming its own economy. “Money will expire just like water – incentives help most economies with lower costs, regardless of where they are intended,” said Siun cited by Gordon Chang in material Forbes. The argumentation of Siun is pretty simple, says Chang. He points out that manufacturers will move funds received as an incentive to developing countries, simply because there production costs are lower. Whether for General Electric, or Siemens. companies will be kept of where the money will spend most effectively. So Siun states, the West poured money into the global economy, they will find their way to developing countries, where either way liquidity is quite high. Thus, inflation will return through price rises of raw materials. Employed in developing economies do will inevitably require higher salaries. Then Fe will have to raise interest rates to deal with excess liquidity, a policy tightening likely will pull the trigger to pop the bubble of the assets, “explains Chang.
As a result, the West will be infected by inflation and immersed in debts. “This is the irony: the incentives of the West may cause substantial damage to him,” said Siun. However, whether he’s right, asks Chang, fearing that if so, it will suffer not only developed but also developing countries. The first step in the reasoning of Siun is focused on money. Washington can not afford to use their money to support local companies. As part of the World Trade Organization, the U.S. must treat local and foreign companies equally in government procurement. Even more important is the commitment to U.S. free market. When Obama announced intentions of increasing the production of clean energy winner for the construction of large turbines in Texas became a Chinese company. In the reconstruction of much of the iconic bridge Bay Bridge in San Francisco, which is done with state money was again hired a Chinese company. In other key procurement contractors again proved to be Chinese companies. Surely, if desired, the U.S. could prevent Chinese companies. The reason – the country is not part of the WTO agreement for equal treatment in government procurement. If you like, the United States could exclude companies – as no doubt the foreign companies were excluded from programs to promote Chinese economy in November 2008. This does not mean that foreign companies have gained from China’s unprecedented costs. How could they not do so after having to support the economy were thrown 1.1 trillion. dollars, Chang estimated. Some American companies – Caterpillar, Alcoa, United Technologies and Cummins for example, indicate China as a positive factor for their performance last year. However, in no case have made who knows what results.
At present, China is attempting to increase its manufacturing power to extract technology from foreign companies performing government contracts. China’s policy is such that if you do not derive such technologies, the state orders are executed mainly by local companies – especially those with large state participation. Therefore, the big money goes to local companies, therefore, remain in the country. We can not know the extent of Andy Siun argument is correct, but in any case we can say that a much larger part of U.S. incentives expire at China than the U.S. Chinese, Chang is categorical. So – here is another proof that our own incentives do not work for us. Well, unless you are a company from China, Chang graduated.

The annual growth rate of the U.S. economy during the last quarter of last year reached 5.6 percent, but will likely fall below 2 percent during the quarter. Meanwhile, for the second quarter of 2010, Germany has an annual growth rate * of nearly 9%, which propelled this indicator for the euro area by almost 4%. However, due to U.S. slowdown Bundesbank and other analysts foresee a much slower growth in Germany’s economy in the second half of the year. In short, if the U.S. economy is strong, and Europe slow down, the U.S. also lost momentum, and vice versa. This was no coincidence, writes Wall Street Journal. The rule is no longer (if ever there was one) that whatever happened in the U.S. remains in the U.S. and what happened in Europe remains in Europe. Just when it seemed certain that at last the U.S. are on the threshold of sustainable economic recovery, financial crisis and fears in Greece to Spain, Portugal, Ireland and Italy have become the latest nightmare for investors. As a result, U.S. banks looked quite redundant positions in debt obligations, especially those related directly or indirectly with government debt. This reflected a significantly more conservative approach to lending to European banks straha because bankers do not fall into the vortex of any governmental failures in Europe. The rate of the dollar rose as a result of such situations characteristic search of financial havens, which adversely affect prospects for U.S. exports and President Obama’s plans to promote the creation of millions of new jobs by strong exports. Deteriorated investment climate forcing U.S. companies to gain more than 2 trillion dollars in cash, which in better days would help to create much needed for economic recovery jobs.
After last week showed that unemployment and weak real estate market will negatively affect the U.S. market, European investors spread of infection by “things will only become worse, fever, terrible among U.S. investors. The same goes for European consumers. The Germans have never been particularly addicted to shopping and French consumers spend considerably more cautious because of the few new jobs, their social benefits likely to be clipped and revision for growth in the French economy for 2011 announced by the cabinet in Paris. The effect on the U.S. to catch the flu when Europe sneezes and vice versa, is catalysed by the decision of China to continue to rule over the world exports. Beijing will be injected into the economy envelope of 14% of GDP in an attempt to prevent the bursting of a bubble in the real estate market in the country. Double slowdown in the U.S. and euro area explains the reaction of the statement by the Bundesbank chief Axel Weber that in 2011 the European Central Bank (ECB) must satisfy all requests for loans to European banks. This position reflects the concern of Germany – the main creditor of the euro area – about the extent to which banks in the region will be able to raise capital from financial markets. Axel Weber is expected to inherit the post of President of the European Central Bank after the mandate of Jean-Claude Trichet in October next year. Because Weber’s statement of the euro exchange rate fell by around a percentage point against the U.S. dollar may safely conclude that the market pessimists are more than optimists. According to the latest survey of the Economist Intelligence Unit (EIU), the banks of the eurozone and Britain must refinance more than 4 trillion debt by 2015, “The state of many European banks remain fragile. They are more vulnerable than U.S. banks because of its greater depending on financial markets, “the EIU. This is just one reason why economists predict Germany delayed its economy and the euro area economy as a whole. According to EIU eurozone growth will be only 0.9 percent next year and will not exceed 1.7% over the next three years. This estimate may be too optimistic, says WSJ. The future of the euro portends bankruptcy (debt restructuring) of Greece and riots due to unemployment exceeding 15 percent – of 20%. The effects of such events on the global financial system will be ubiquitous, mutilation growth measures to reduce budget deficits, expansion of export imbalances between Germany and the rest of the euro area and further deterioration of credit, warns Release.

Thailand’s economy has achieved growth of 9.1 per cent in the second quarter on an annual basis. This is much more than analysts expected 7.9 per cent and shows that despite the political crisis the country is presented fairly strong this year. Achieved an increase in gross domestic product is very good news to the bloody anti-government protests, which the country experienced during the second quarter. For the first quarter the economy of Thailand increased by 12.6 per cent yoy. This means that for the first half of 2010 increase in annual GDP is 10.6 per cent targets. Because of the strong performance of Thailand’s economic planning agency in the country rose double growth forecast for the whole 2010. It has been an increase in GDP of 7 to 7.5 per cent after the previous expectations were for growth of 3.5 to 4.5 per cent. After strong GDP data in the first half of this year analysts look ahead to the upcoming meeting on Wednesday the central bank must decide on interest rates.
Currently, he is expected to be increased by a quarter percentage point to 1.75 per cent, which would be second consecutive increase after this last month.

The commodity prices registered a diverse movement, such as oil retreated and rose gold and copper price. This happened against the backdrop of stabilizing the dollar after dollar yesterday dropped to new low against the euro quarterly. The crude oil contracts with delivery in September lost 0.1 percent minimum to 82.47 dollars a barrel. Thus, the first decline reported quotations for the last five days. Today the U.S. Department of Energy publishes regular data on oil reserves in the country that showed surprise drop of 2.8 million barrels. Estimates were to reduce inventories by 1.2 million barrels. However, stocks of gasoline have increased by 700 thousand barrels, which is considered a negative signal from the markets. The reason for this are the expectations for a decline of 800 thousand barrels for summer travel and traditional American summer. Gold price with delivery in December reached a growth of 0.7 percent to 195.90 dollars an ounce. At the beginning of the session the situation looked as if the metal will be able to go over 1200 dollars per barrel, but it did not happen.
Today, copper reached a peak of three, raising its price by 5 cents, or 1.4 percent to 3.40 dollars per pound. In July, the raw material rose 12 percent, according to market analysts and the possible rise in quotations to continue to signal that the recovery in the global economy continues. All this happens against the stabilization of the U.S. dollar yesterday after its quarterly drop to bottom against the euro. Today dollar value rose to 1,3150 EUR / USD, after yesterday fell below 1,32 EUR / USD.