by Chris Black Building houses reduces the value of Blackrock’s investments. The Biden Administration doubles tariffs on Canadian lumber, raising prices on home building at the worst possible time. https://t.co/4JBIquUNIW via @WSJOpinion — David Harsanyi (@davidharsanyi) November 30, 2021 Elizabeth …
WTF did they endorse him in the 1st place??? Trump’s policies were the best thing to happen to the US steel industry in 40 years. They were building a brand new steel plant in PA (which has since been cancelled …
by QuantalyticsResearch US Stocks Preview Ahead of the Open Global stocks are flat this morning amid tariff threats and US stocks index futures are FLAT with front-month Dow Jones minis -0.03%, S&P 500 minis -0.06% and Nasdaq 100 minis -0.09% President Trump has vowed …
From Birch Gold Group Only two and a half months ago, the Fed signaled two rate hikes for 2019. But the Powell-led Fed appears confused because they’ve just adjusted that forecast to zero. They also forecasted the end of its “QT” (quantitative tightening) …
via CNBC: Robert Lighthizer has reportedly told friends and associates he is intent on preventing Trump from accepting “empty promises” like temporary increases in soybean purchases. In order to avoid this, the U.S. may have to slap tariffs on more …
by WARREN MOSLER Not good: California Home Sales Slowest For An October In Seven Years (Econintersect) California home sales fell year over year for the third consecutive month, hitting a seven-year low for an October, as affordability constraints and a …
via MSNBC President Obama’s Council of Economic Advisers Chair, Austan Goolsbee, tells Ali Velshi that he thinks President Trump is sending the U.S. towards a recession. He also outlines what he thinks needs to happen to get China trade talks …
by sundance In June 2018 President Trump instructed U.S. Trade Representative Robert Lighthizer to initiate a 10% tariff on $200 billion of Chinese goods (Round #1). After two months of China refusing to negotiate renewed trade deals in good faith President …
Market uncertainty tied to the ongoing U.S.-China trade war has spurred more transactions than ever before between the American dollar the Chinese yuan in recent months. Much of that volume comes as businesses and investors with exposure to the Chinese …
by NineteenEighty9 China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In fact, freight and shipping data over the last several months …
https://www.reuters.com/sponsored/article/popularity-of-gaming?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29 China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources. The Wall Street Journal said a mid-level delegation was due to …
So far the weakness in $CNY has almost countered a tariff-rate of 10% one to one. If China wants to counter a 25% tariff-rate via FX, USD/CNY needs to go to 7.91 Lets see how the US tariff hearings will …
by Jim Quinn One of the main reasons our CPI has been so low for so long is because we import cheap computers and electronics from China, among other things. If we import $375 billion more than we export to …
by stockboardasset via Mish I ran China’s 14-page, 545 item tariff list through a translator. You can download the translated doc. The New York Times reports U.S. and China Expand Trade War as Beijing Vows to Match Trump’s Tariffs. The Trump administration said …
by Thinker The White House announced that it would end a two-month exemption for the EU, Canada and Mexico from the 25% steel and 10% aluminum import tariffs announced in March, once again pointing to national security concerns as a …
via Selwyn Parker In the year 1929, as America slides into recession, a Republican senator, avowed patriot, Mormon “prophet” and businessman named Reed Smoot decides that he wants to do something about saving the country’s jobs. They are being lost, insists Senator Smoot, …
If Xi follows through this is legitimately a major success for Trump. “President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over …
by WARREN MOSLER Still looking very weak: From WardsAuto: U.S. Light-Vehicle Forecast: Sales Down Slightly; Inventory Declines to Match Demand A Wards Intelligence forecast calls for U.S. automakers to deliver 1.60 million light vehicles in March. … The report puts the seasonally …
https://www.youtube.com/watch?v=ryF35pESVIg Cillian Zeal for the Conservative Tribune reports, For many conservatives, the president’s decision last week to impose a 25 percent tariff on imported steel and 10 percent on imported aluminum was where they decided to get off the Trump …
by Martin Armstrong 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. …
by Amna El Tawil The incoming president, Donald J. Trump, has warned German car companies they should start producing more vehicles in the United States. If not, they will face a 35% import tariff. Mr. Trump criticized BMW, …
