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White House Accuses China Of “Persistent Economic Espionage And Aggression”

White House Accuses China Of “Persistent Economic Espionage And Aggression” In what Bloomberg billed as the White House’s “latest salvo in the trade war between the world’s two largest economies”, the Trump administration released a 35-page report late last night fleshing out its national security concerns emanating from China’s theft of intellectual properties as well […]

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Kass – Risk Happens Fast

Risk Happens Fast Risk happens fast – Trump trade policy whacks futures this morning We remain in a trading sardine market – not an eating sardine market Hastily crafted policy that conflates politics is dangerous in a flat and networked world The return of an untethered Orange Swan is market unfriendly … brace yourselves The […]

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Here Are The Six Ways China Could Retaliate In Trade War With The U.S.

Here Are The Six Ways China Could Retaliate In Trade War With The U.S. It’s all about the trade war between the US and China this morning, and more specifically, how will Xi retaliate to Trump. For those who missed the overnight fireworks, late on Monday, President Trump asked the US Trade Representative to identify […]

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India Joins the Tariff War: The Party is Just Starting!

India Joins the Tariff War: The Party is Just Starting! In response to Trump’s tariffs on steel, India will put tariffs on Harley motorcycles, lentils, and almonds. Following the well-established belief that “trade wars are easy to win”, India counters Trump tariffs, to hike duty on US bikes, almonds, apples. India has proposed to raise […]

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My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar

My Views on US-Canada Trade, Steel’s Impact on National Security, NAFTA, and the Dollar Wolf Richter with Jim Goddard on This Week in Money: Trade agreements are designed to benefit companies, not people – which is part of the problem. We also get into whether gold and silver will remain stuck in the current trading range, […]

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“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs

“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs In a scathing editorial warning Trump to back off on his latest tariff threat, on Sunday China said that any trade deals between the US and China, and any progress and commitments made so far in bilateral negotiations would […]

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Trump Started a Global Trade War Today: Canada, Mexico Responded, So Will Europe

Trump Started a Global Trade War Today: Canada, Mexico Responded, So Will Europe Trump has been itching for a global trade war ever since he took office. He just confirmed one. The U.S. will impose tariffs on steel and aluminum imports from Canada, Mexico and the European Union starting on Friday. Trump’s ill-advised Tariffs Provoked […]

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Why We Don’t Have Principled Politicians

Why We Don’t Have Principled Politicians Politicians choose their stances on issues based on public opinion, not principles. Recently, Senator Chuck Schumer introduced a bill that would decriminalize marijuana on the federal level. He stated that the legality of marijuana should be a matter left up to individual states. This ringing endorsement of federalism might […]

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“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse

“They Know What’s Going To Happen” Governments And Big Banks Are Stockpiling Gold Ahead Of Massive Economic Collapse The writing is on the wall and major financial institutions across the world are warning about the economic disaster to come. Unabated money printing, tariff trade wars, rising interest rates and retail slowdowns point to one result, […]

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Four Flashpoints of Volatility

Four Flashpoints of Volatility 1 – Trade Wars Flashpoints, From China to Canada and Mexico Wall Street has knee-jerk reactions to any trade war related headlines. There are legitimate reasons to be concerned about trade wars. The world is increasingly more connected than ever. Many major American companies that are household names such as Starbucks […]

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Why Trade Wars Will Unleash Central Banks

Why Trade Wars Will Unleash Central Banks There’s been an abundance of coverage surrounding the recent steel and aluminum tariffs. Those measures could hurt more sectors than they help within the U.S. In particular, it could damage businesses that require metals because they’ll have to pay more for raw materials. Trade wars also escalate geopolitical […]

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China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost”

China Vows To “Firmly Attack” Trump Tariffs “To The End At Any Cost” China has responded to President Trump’s calls for an additional $100 billion in tariffs, saying that it would counter U.S. protectionism “to the end, and at any cost.” “The Chinese side will follow suit to the end and at any cost, and […]

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Stocks Post WORST April Start Since The Great Depression

Stocks Post WORST April Start Since The Great Depression The S&P 500 closed down more than 2.4% Monday and the broad market index posted its worst April start since 1929.  This slide in the markets caused the worst start since the Great Depression, sparking fears we are on the same path. The Dow Jones industrial average fell […]

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Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War

Dow Plunges 600, Global Markets Tank After China Retaliates In All-Out Trade War So much for yesterday’s Amazon bounce. Just before 4AM EDT, a Bloomberg headline hit which has not only unleashed a furious global selling wave, sending the S&P lower by nearly 2% and the Dow 600 lower, but may have changed the course […]

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All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports

All-Out Trade War: China Strikes Back With 25% Tariffs On $50BN Of US Imports Beijing wasted no time in striking back at Washington’s latest round of tariffs on Chinese imports by announcing a new list of US products that would be subject to punitive action, as the world’s two largest economies edge ever closer towards […]

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