Tariffs “Trump” Tax Cuts

By Michael Pento – Re-Blogged From Pento Portfolio Strategies

China appears to have more to lose from a trade war with the US simply because the math behind surpluses and deficits renders the Bubble Blowers in Beijing at a big disadvantage. When you get right down to the nuclear option in a trade war, Trump could impose tariffs on all of the $505 billion worth of Chinese exported goods, while Premier Xi can only impose a duty on $129 billion worth of US exported goods–judging by the announcement on July 10thh of additional tariffs on $200 billion more of China’s exports to the US we are well underway towards that end. However, this doesn’t mean China completely runs out of ammunition to fight the battle once it hits that limit.

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Trump’s Zero-Tariff Solution

By Stephen Moore – Re-Blogged From Newsmax

President Donald Trump’s aluminum and steel tariff policies have now triggered retaliatory tariffs from other nations, including Canada, the EU, and China.

Last week President Trump imposed new tariffs on more than $30 billion of Chinese electronic equipment and other consumer goods. Our trading partners are now threatening to hit our domestic industries, including wheat, soybeans, pork, bourbon, blue jeans — and even Maine lobsters. The financial markets are jittery, to say the least.

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Singapore, Trade And Geopolitics

By Alasdair Macleod – Re-Blogged From http://www.Silver-Phoenix500.com

The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in Singapore. The formally leisurely pace of global diplomacy, where all is pre-agreed before the photo-op showing unanimity of leadership, was ditched in favour of the Art of the Deal. Foreign correspondents for the established media were confused and obviously out of their depth, particularly over the deal with President Kim Jong-un.

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Germany Desperate to Avoid Trade War With Trump

By Thomson Reuters – Re-Blogged From Newsmax

As Europe’s biggest exporter to the United States and with more than 1 million German jobs at stake, Germany is desperate to avoid a European Union trade war with the United States.

In the run-up to a June 1 deadline for U.S. President Donald Trump to impose steel and aluminum tariffs on the EU, Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits both sides.

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It’s The Trump Slump—But Don’t Blame The Donald!

The are few snarkier defenders of the current rotten financial status quo than Ben White of Politico’s Money Morning. So it’s not surprising that he is out this AM with the latest Trumb-o-phobe meme from Swamp Dweller’s Central.

To wit, the renewed stock market swoon is purportedly all the Donald’s fault owing to his unhinged tweet storms, protectionist trade initiatives and attacks on the casino’s sacred cow of the moment, Amazon:

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Here Are the Major Takeaways From Trump’s Tariff List

Re-Blogged From Stratfor

Stratfor’s geopolitical guidance provides insight on what we’re watching out for in the week ahead.

Highlights

  • China and the United States again upped the trade ante with their latest tit-for-tat tariff measures announced this week, as Washington continues to implement its trade and investment agenda against Beijing.
  • Although negotiations have begun behind the scenes and China is offering certain concessions, it is not clear whether the United States is willing to accept them; more likely than not, most of these tariffs will be implemented in the future.
  • So far, China has responded in kind to each move the United States has made and will continue to do so as Washington wraps up its third front against China in the coming weeks: restrictions on Chinese investment into strategic sectors in the United States.

(STEPHEN SHAVER/AFP/Getty Images)

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War Drums Beat Louder

By Rick Mills – Re-Blogged From http://www.Gold-Eagle.com

Gold’s safe haven status was tested this week as Donald Trump’s economic war threatens to turn into a shooting war, with a number of global flash points getting hotter. At the time of this writing the precious metal moved from a close of $1325.69 an ounce on April 5 to $1337.90 on April 12, dipping on Thursday after reaching a high of $1364.50 during Wednesday morning trading – the highest it’s been since Feb. 14.

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