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China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs
China Vows Retaliation With “Same Scale, Intensity” To Any New US Tariffs Trump’s aggressive trade war overtures and China’s initial retaliatory moves have spooked Wall Street over the past week and again on Monday, which helped drive down the Dow Jones by 459 points, with the Nasdaq Composite quickly approaching correction territory. And as the mass […]
3 Recent Events That Could Send the US Hurtling Toward World War III
3 Recent Events That Could Send the US Hurtling Toward World War III Recently, the news has been all abuzz with teen activists who want to take away our guns but refuse to use clear backpacks, the Facebook privacy scandal, and how someone bit Beyonce in the face. But there are three recent events that […]
Global Stocks “Clobbered” As Trade War Breaks Out Amid Fears Of Political Instability
Global Stocks “Clobbered” As Trade War Breaks Out Amid Fears Of Political Instability “The equity markets are getting clobbered, which is not that surprising with fears of a trade war breaking out” – Paul Fage, TD Securities Global equities are melting as they take the full brunt of market worries of a rising trade war […]
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps
China Unveils How It Will Retaliate To US Tariffs, USDJPY Snaps While it will hardly come as a surprise considering that trade wars always evolve in an escalating tit-for-tat manner, the WSJ reports that just hours ahead of Trump’s announcement of as much as $60 billion in tariffs targeting Beijing, China is preparing to hit […]
Whiskey Tango Foxtrot
Whiskey Tango Foxtrot Gordon Parks Daytona Beach, Florida. Bethune-Cookman College. Football practice 1943Here’s a delicious little rant from Dr. D., by now a regular contributor at the Automatic Earth. Dr. D: The schizophrenia surrounding the tariff plan is really startling. But then I could just say, “the level of insanity everywhere is startling.” Self-avowed schmartz-guys […]
Trump’s Tariffs Could Start a Real War
Trump’s Tariffs Could Start a Real War Trump’s steel and aluminum tariffs may set his epitaph in stone… “Herbert Hoover II.” History remembers Hoover as one of the worst American presidents. Like Trump, he was a rich international businessman. He was also a political outsider. Hoover hadn’t held public office before his 1929 inauguration. And, […]
China Accuses US Of Fabricating Trade Data, Warns “Trade War Would Be A Disaster”
China Accuses US Of Fabricating Trade Data, Warns “Trade War Would Be A Disaster” While Canada and Mexico and soon other US “allies” have so far been spared the brunt of the Trump import tariffs on aluminum and steel imports as a result of “indefinite” exemptions for the duration of Nafta negotiations, China – the […]
Trump Trade Wars A Perfect Smokescreen For A Market Crash
Trump Trade Wars A Perfect Smokescreen For A Market Crash First, I would like to say that the timing of Donald Trump’s announcement on expansive trade tariffs is unusual if not impeccable. I say this only IF Trump’s plan was to benefit establishment globalists by giving them perfect cover for their continued demolition of the […]
Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports
Trade Wars Set To Go Nuclear: US Considering Broad Curbs On Chinese Imports First thing this morning, when the market was surging and inexplicably rejoicing in the certainty that Trump would back down on tariffs, a nagging feeling that this was all wrong prompted us to ask “What If Trump Does Not Back Down“, and […]
Ron Paul Fears “Huge” Correction In Stocks, Warns “It’s Going To Be A Calamity”
Ron Paul Fears “Huge” Correction In Stocks, Warns “It’s Going To Be A Calamity” “I think we have a greater distortion and a financial danger sitting out there bigger than ever before,” warned former presidential candidate Ron Paul in an ominous interview with CNBC this week. While markets briefly got nervous over Trump’s tariffs last […]
Europe Will Retaliate To Trump Trade War With 25% Tariffs Targeting GOP States
Europe Will Retaliate To Trump Trade War With 25% Tariffs Targeting GOP States Following through with threats of retaliation made earlier in the week, the European Union on Tuesday is preparing punitive tariffs on iconic US brands produced in Republican-controlled states as US trade partners try to do anything and everything they can to stymie […]
Canada Will be the Most Impact by a Steel Tariff
Canada Will be the Most Impact by a Steel Tariff Canada is the largest exporter of steel to the United States. The decline in the Canadian dollar has helped this trend in particular. Trump is clueless when it comes to the impact of currency on foreign trade. If he wants to do tariffs, they MUST […]
Let The Trade Wars Begin: Trump Says He Will Impose Steel, Aluminum Tariffs Next Week
Let The Trade Wars Begin: Trump Says He Will Impose Steel, Aluminum Tariffs Next Week Update III: After the White House said earlier that today’s meeting would be a “listening” meeting, President Trump has taken investors by surprise by announcing that he will impose the long-rumored aluminum and steel sanctions next week. As expected, Trump […]
Global Trade Wars Begin: Ross Recommends Major Tariffs On Steel, Aluminum Focusing On China, Russia
Global Trade Wars Begin: Ross Recommends Major Tariffs On Steel, Aluminum Focusing On China, Russia Update 3: As previewed earlier, at noon on Friday the commerce department released reports on the U.S. Department of Commerce’s investigations into the impact on our national security from imports of steel mill products and from imports of wrought and […]
The Trade Wars Begin: U.S. Imposes 256% Tarriff On Chinese Steel Imports
The Trade Wars Begin: U.S. Imposes 256% Tarriff On Chinese Steel Imports Two weeks ago, when looking at the latest import price index data, we showed something disturbing: China has become an all out exporter of deflation. As the chart below shows, In November, import prices from China decreased 1.5% over the past 12 months, the […]
