Machine Learning

In 2007, purchase power parity was stronger in India and China; therefore, they contribute more to global growth than the United Kingdom, Japan and the U.S. In 2018, China consumers are beginning to consume and invest. In the past, sovereign wealth funds have helped emerging markets grow. China is helping grow emerging markets. As more emerging markets come online, the global economy grows. Over time, the emerging markets will shift from exports to consumables. Trump's tariffs on Chinese steel and aluminum will slow emerging market growth. Trump's duties were 25-percent on steel and 10-percent on aluminum. Countries most affected by the import tariff are Brazil, South Korea and China. South Korea is the third largest exporter of steel to the U.S. China exports aluminum to the U.S. increased exports. In 2016, a dollar bought 6.5 yuan; however, the purchase power parity (PPP) was 5.7 RMB per dollar. The dollar was stronger against the yuan but bought less goods and services in China because of PPP. The Rembmi