The Trump administration used the hammer of tariffs to negotiate a bi-lateral trade agreement with China, but in doing so also influenced a change in domestic monetary policy.
And just like that, confirming weeks of media speculation, Trump has folded with the Dow Jones/WSJ reporting that not only will Trump not impose the new tariffs set to come into effect on Dec 15, but will cut existing tariffs by up to 50%.
On Tuesday morning, President Trump tells reporters in London that his administration is progressing "very well with China right now" in formulating a trade deal.
The set of tariffs scheduled for December 15 will hit a wide range of consumer goods from children's toys to laptops, gaming consoles, and other home electronics. They will be costly and ineffective..
One day after there was relatively little "trade deal optimism", overnight futures surged to new all time highs when just after 2am ET, China's commerce ministry said - in what may well have been a trial balloon to test the White House's public resp
There were a number of interesting comments made by President Putin today regarding Russia's increasingly cozy relations with longtime rival China at the Valdai Discussion Club at Sochi on Thursday.
Just as the US-China trade talks are set to resume at the highest level, the WTO has made a second front in the global trade war far more likely, when moments ago the World Trade Organization gave President Trump a green light to impose tariffs on as
• https://lfb.org/operation-yellowhammer By Shane Or
Trade War Tensions Ease as Both Sides "Play Nice"
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Epstein's Fake Charity Was Fake, Surprising No One
Operation Yellowhammer
Confirming reports from earlier in the week, Beijing announced on Friday that it would indeed encourage state-owned companies to begin "goodwill" purchases of US soybeans, pork and other farm goods (desperately needed by China) by imposing waivers fr
The Federal Deposit Insurance Corporation (FDIC) warned Thursday that farmers across the Central and Midwest US were quickly falling behind on agriculture loans held by community banks, according to Reuters.
While the markets will likely react positively next week to the news that 'talks will continue,' the impact of existing tariffs from both the U.S. and China continue to weigh on domestic firms and consumers.
Thanks to the trade war, Americans are already importing fewer laptops, speakers, and other electronic items--and paying a higher price for the items they do buy. A bigger hit is coming.
The bloodbath is accelerating after reports that China confirms it "won't rule out tariffs on on US agricultural goods," adding that US ag products "have a bright future, if promises are kept."
Trade war crosscurrents have damaged the American manufacturing sector, and within, a lot of stress is building up in the RV industry, according to discussions with industry insiders and economists, along with data showing a sharp sales decline amid
The Society for Worldwide Interbank Financial Telecommunications (SWIFT), a European cooperative used for international bank transactions, trades mostly in US dollars, giving America influence over it. SWIFT complied with sanctions against Iran in 20
• https://realinvestmentadvice.com, by Lance Robert
Review & Update
On Thursday and Friday, the markets mustered a "Pre-G20 rally" in anticipation of a positive outcome from the meeting between President Trump and Xi. I will discuss the outcome of this meeting in just a moment.
Proposed tariffs on $300 billion in Chinese goods would include printed materials, which would especially affect Bibles and children's books predominantly produced in China because of the unique paper, printing technology and skills needed, company
In these weeks we have read a lot about the so-called trade war. However, this is better described as a negotiation between the largest consumer and the largest supplier with important political and even moral ramifications. This is also a dispute b
Only four days remain until the Trump Administration imposes its first round of tariffs on Mexican imports. And analysts from across Wall Street have waned that imposing these tariffs will inflict serious pain on markets, unless negotiators can chang
Time is running out before Washington is set to impose new levies of 5% on all Mexican goods entering the US, and with talks set to resume on Thursday, both sides are on tenterhooks.
We Import the Rest of Our Food From ...There's little doubt that the US is headed into a food crisis. Here's the bottom line. While American farmers are dealing with one natural disaster after another, President Trump has placed tariffs on the tw
President Trump has a victory present for newly re-elected Prime Minister Narendra Modi - and it's the economic equivalent of a flaming bag of feces left on India's doorstep.
The U.S. will impose a 5% tariff on all Mexican imports from June 10 -- and duties of up to 25% will be added in the coming months if Mexico does not take action to "reduce or eliminate the number of illegal aliens" crossing into the U.S., the W