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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Eurozone Faces Many Threats Including Trade Wars And “Eurozone Time-Bomb” In Italy

By Mark O’Byrne – Re-Blogged From http://www.Gold-Eagle.com

Eurozone threatened by trade wars, Italy and major political and economic instability
– Trade war holds a clear and present danger to stability and economic prospects
– Italy represents major source of potential disruption for the currency union
– Financial markets fail to reflect the “eurozone time-bomb” in Italy

– Financial volatility concerns in Brussels & warning of ‘sharp correction’ on horizon
– Euro and global currency debasement and bank bail-in risks
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China Imposing New Tariffs on US Meat, Fruit, Other Products

By Thomson Reuters – Re-Blogged From Newsmax

China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.

The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.

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Trump Hits China With the Tariffs We’ve All Been Waiting For

Re-Blogged From Stratfor

Highlights

  • The United States has launched its first major trade and investment measures against China, but they won’t be the last as the White House looks to make good on its protectionist promises.
  • China will be compelled to respond in kind and may prompt the United States to retaliate in the process.
  • As the United States moves forward with its aggressive trade agenda, the need to minimize the domestic fallout of its policies will restrain the White House.

The president promised that the first measures he rolled out on Beijing will not be the last.

(MANDEL NGAN/AFP/Getty Images)

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China Appeals for Cooperation as It Warns of ‘Trade War’

By Associated Press – Re-Blogged From NY Post

BEIJING — A top Chinese official warned Sunday that a “trade war” would harm all sides but gave no indication of Beijing’s possible next move in a spiraling dispute with President Donald Trump over steel and technology.

Speaking to global business leaders at a development forum, Vice Premier Han Zheng appealed for cooperation to make economic globalization “beneficial for all.”

“A trade war serves the interests of none,” Han said at the China Development Forum. “It will only lead to serious consequences and negative impact.”

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