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China indicates that it will aim to buy $20 billion in U.S. farm goods in the first year of an initial deal. But if the trade war hadn't started, China’s … Read more
by UPFINA The Fed is going to cut rates for the third straight time on October 30th. What makes this cut unique compared to the prior two is that the Fed … Read more
by Per Bylund via Mises There is a lot of confusion about the concept of a “good” in economics. While thinking of goods as products (or services) is an easy shorthand, it … Read more
by howmuch Trade talks between the United States and China are ongoing, with another round of talk set to launch soon. The standoff remains with just over a year to go … Read more
www.politico.com/story/2019/09/19/hundreds-of-chinese-goods-exempted-from-trumps-tariffs-1753322 The Trump administration has excluded Christmas tree lights, a series of pet supplies, plastic drinking straws and hundreds of other products from a 25 percent duty President Donald Trump … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What US Freight Shipments and Pricing Say About the Slowdown. Freight shipments within the US fell 3.0% in August 2019, compared to August 2018, the ninth … Read more
China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 4:01 a.m. GMT. The extra 5% and 10% … Read more
by chartr Thought reddit might enjoy this, given how topical the trade war continues to be. Data Source: US Census Bureau via Market Watch Viz Tool: Raw Graphs & Excel
via Zerohedge: As widely expected, and as he himself previewed earlier in the day, Trump was set to unveil a major development in the US-China trade war this afternoon. That … Read more
China said Friday that it will impose new tariffs on $75 billion worth of U.S. goods and resume duties on American autos. The State Council’s Customs Tariff Commission said it … Read more
Trump’s intraday market Tweet about new 10% tariffs on $300 billion dollars of Chinese goods caused US stocks to tumble, the US Dollar to stop its rally to 99 or … Read more
by Dr. Eowyn In America today, privately-owned businesses are no longer motivated by profit and service. Instead, businesses have become an arm of the Democrat Party by discriminating against conservatives … Read more
by WARREN MOSLER Still in contraction: China Imports Tumble in June Imports to China plunged 7.3 percent from a year earlier to USD 161.86 billion in June 2019, much worse … Read more
by jhadj US govt to provide aid program – www.reuters.com/article/us-usa-trade-china-agriculture/trump-says-us-farmers-to-get-15-billion-in-aid-amid-china-trade-war-idUSKCN1SJ22Z and at the same time China may increase purchases on USA agriculture products “We’re holding back on tariffs and … Read more
by WARREN MOSLER Now in contraction year over year: US Durable Goods Orders Drop for 2nd Month New orders for US manufactured durable goods fell 1.3% in May, after a … Read more
From Birch Gold Group It looks like POTUS is borrowing his script from the U.S.-China trade war to apply new tariffs to all Mexican goods. According to Newsmax, the new tariffs on … Read more