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World Trade Barometer Suggests Global Economy Continues To Plunge As Trade War Takes Toll
World Trade Barometer Suggests Global Economy Continues To Plunge As Trade War Takes Toll The World Trade Organization (WTO) published a new report Monday that warns global merchandise trade in goods will plunge through this quarter amid no resolution to the trade war, along with the continuation of a worldwide synchronized slowdown that shows no signs of […]
Global Trade Growth Slashed Again As Trade Tensions Persist
Global Trade Growth Slashed Again As Trade Tensions Persist The World Trade Organization published a new report that shows world trade is projected to “face strong headwinds” into 2020. WTO economists expect merchandise trade volume growth to drop to 2.6% in 2019, down from 3% last year. The report said a rebound in global trade is possible if […]
Project Fear Goes To ’11’: Brexit Could Lead To Thousands Of Deaths, Mass Hunger
Project Fear Goes To ’11’: Brexit Could Lead To Thousands Of Deaths, Mass Hunger If you listen to the government tell it, a post-“hard” Brexit Britain will inevitably resemble the post-apocalyptic Australia from “Mad Max”: A post-apocalyptic hellscape where Britons will be forced to battle it out “Thunderdome”-style for access to scare essentials like food, […]
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown One day after vice president Mike Pence and China’s president Xi Jinping clashed after exchanging sharply worded barbs in a showdown between the two superpowers, on Sunday the annual Asia-Pacific Economic Cooperation summit ended in unprecedented chaos and disarray, […]
Global Stocks, Futures Slide As China Shatters Trade Calm
Global Stocks, Futures Slide As China Shatters Trade Calm Just when it seemed that the tenuous trade ceasefire between the US and China could result in more stable market sentiment, European stocks dropped -0.5% to session lows led by mining and autos, with S&P futures sliding as volume surged, joining Asia in the red after […]
Will World Trade Collapse After America Withdraws From WTO? Don’t Bet on It!
Will World Trade Collapse After America Withdraws From WTO? Don’t Bet on It! With Trump slapping tariffs right, left and center on friends and foes alike, and threatening to withdraw America from WTO, concerns about declining global trade have heightened. Trading nations like China and Japan are wary and worried about the prospects for world […]
Russia Joins Global Trade War – Imposes Tariffs On US Energy, Mining Imports
Russia Joins Global Trade War – Imposes Tariffs On US Energy, Mining Imports Whether this is a coordinated response is unclear – and certainly on a much smaller scale – but Bloomberg reports that Russian Prime Minister Dmitry Medvedev signed a decree this morning imposing higher tariffs on U.S. products in retaliation for U.S. duties on metals […]
Europe Warns Of An Upcoming “Trade Apocalypse”
Europe Warns Of An Upcoming “Trade Apocalypse” As European officials struggle to do everything they can to save the WTO, which appears headed for an all-but-certain demise thanks to President Trump’s aggressive trade policies, EU leaders have apparently circulated an “internal memo” drafted by the European Commission that accuses the US of deliberately instigating the […]
Then They Came for the Globalists
Then They Came for the Globalists Photo by Francisco Osorio | CC BY 2.0 Thank God for the corporate media. If it wasn’t for them, and the ADL, I’d have probably never discovered that I’m a Nazi. Apparently, I’ve been one for quite some time … which is weird, as I had no idea. Here […]
China, South Korea Vow Retaliation In Trump Trade War
China, South Korea Vow Retaliation In Trump Trade War When we reported earlier today that President Trump lobbed the first real shot in the global (but mostly Asian) trade war when the White House announced it would slap imported solar cells and washing machines with up to 50% tariffs – Trump’s most significant trade action […]
Why Free Trade is Officially Dead
WHY FREE TRADE IS OFFICIALLY DEAD G20 Finance ministers meeting in Baden Baden last weekend agreed, on America’s insistence, to drop the long-standing commitment to free trade from the final communiqué. It is hard to know to what extent America’s position is driven by her autarkic view on world trade, or to what extent it […]
Trade negotiations are not necessary
Trade negotiations are not necessary From today’s Open Europe news summary: WTO CHIEF WARNS OF “COMPLEX AND DRAWN-OUT” TRADE NEGOTIATIONS AFTER BREXIT Roberto Azevêdo, Director-General of the WTO, has warned that it could take Britain decades to disentangle its trading relations with the EU and negotiate new ties with the rest of the world after Brexit. […]
Behind Brazil’s ‘Regime Change’
Behind Brazil’s ‘Regime Change’ Government “corruption” – trumpeted by international media and exploited by U.S.-funded NGOs – is a favorite weapon for discrediting and removing populist leaders, as is now occurring in Brazil, explains Dan Steinbock. While international media focuses on Brazil’s mass demonstrations against corruption, efforts behind the façade precipitate regime change, restoration of a pre-Lula order, and […]
World Trade Collapses Most Since Crisis
World Trade Collapses Most Since Crisis One question now dominates the global macro discussion: has subdued global growth and trade become the norm in the post-crisis world? That is, have lackluster growth and trade become structural and endemic rather than transient and cyclical? Those are the burning questions that keep central bankers (not to mention […]
Global Trade (Still) In Freefall: Imports Collapse At Largest Three US Ports
Global Trade (Still) In Freefall: Imports Collapse At Largest Three US Ports We’ve said it before and we’ll say it again: global growth and trade are grinding to a halt. Back in September, we flagged comments from WTO chief economist Robert Koopman who warned that after a “burst of globalization”, we are now “at a point of […]
