Yesterday morning, when we were flooded with a barrage of apocalyptically bearish “research” by a generation of Wall Street sellside bankers who seemingly never lived through Trump’s first trade war which which, as we explained previously, followed the following very simple algorithm…
President Trump Warns China of “Additional 50 Percent Tariff and No Negotiations” Effective April 9th…
Trump – “Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set…
“U.S. Monitoring China Currency Manipulation” Mnuchin Confirms Trump’s Concerns…
Confirming the President’s concerns, U.S. Treasury Secretary Steven Mnuchin issued a warning to China over the recent weakness of its yuan currency on Friday, telling Reuters that the Treasury is closely monitoring the yuan for signs of manipulation. in an interview in Sao Paulo, Brazil, Mnuchin said “There’s no question that the weakening of the […]
Trump Is Right: Germany Is Running an Illegal Currency Racket…
As a matter of strict objective fact, Donald Trump’s trade guru is correct. Germany is the planet’s ultimate currency manipulator. The implicit Deutsche Mark is indeed “grossly undervalued” The warped mechanism of monetary union allows Germany to lock in a permanent ‘beggar-thy-neighbour’ trade advantage over Southern Europe, inflicting mass unemployment on…