Spreading the truth. Empowering the people.
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Supply chains begin to shift back to US suppliers, “due to tariffs.” Two US manufacturing reports were released this morning, one showing the fastest decline since … Read more
WTO allows U.S. to hit EU with tariffs over Airbus subsidies. The United States has won the right to hit the EU with billions of euros in punitive tariffs by … Read more
Target tells suppliers it “will not accept any new cost increases related to tariffs on goods imported from China.” In a memo, the retailer also says it expects suppliers to … Read more
via Zerohedge: Now that trade war with China has escalated substantially yet again following a weekend in which both the US and China hiked the tariff rate on billions of … Read more
History does not repeat. But it does rhyme. The Legacy of the Smoot-Hawley Tariff Act The Smoot-Hawley Tariff Act was a grave error for U.S. trade policy. As the United … Read more
by WARREN MOSLER Japan Exports Fall for 8th Month Exports from Japan dropped 1.6 percent from a year earlier to JPY 6.64 trillion in July 2019, the eighth straight month … 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
(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next. Apple Inc. has asked the Trump administration to exclude … Read more
Authored by Jack Rasmus via Counterpunch.org, This past weekend, June 29, 2019 Trump and China president, Xi, met again at the G20 in Japan in the midst of a potential … Read more
Tesla wins a tariff exclusion for the Japanese aluminum used in its batteries, according to government documents. The Department of Commerce will waive the 10% tariffs placed on aluminum for … Read more
Do you think that countries manipulate their currencies to their advantage intentionally? China has been holding onto vast quantities of U.S. debt for years. This is partly to offshore their … Read more
Holy crap! If true, Trump was 100% right and I was 100% wrong. Good on him. t.co/KbFVWl9qT5 — Ben Shapiro (@benshapiro) June 6, 2019
trump is creating tariff chaos to push fed into cutting & qe-4 pic.twitter.com/bg9KZa0G1Q — Alastair Williamson (@StockBoardAsset) June 6, 2019 pic.twitter.com/joWGKS9hkn — Alastair Williamson (@StockBoardAsset) June 6, 2019 wow – … Read more
by FS With trade tensions escalating and a global slowdown underway, many are left wondering if recession is near. Financial Sense Insider spoke with Jim O’Sullivan, chief economist at High Frequency … Read more
by Jesse Via tweet Trump tanked the markets by imposing a ‘shock tariff’ on all Mexico goods of 5%, increasing to 25% until Mexico does something to halt illegal immigration from their … Read more
via nationalinterest: What’s even more revealing about China’s choices are the U.S.-made products that haven’t made any tariff list. They include civilian aircraft and their engines and parts, which had a … Read more