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Amid Trade War Fears, EU Overrules France and Green Lights Talks with U.S….

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European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. The EU’s 28 member states had struggled for months to agree on a mandate to open the talks, with some fearing the delay would restart a trade […]

Donald Trump Proclaims Tariffs ‘Greatest Negotiating Tool’ in U.S. History…

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President Donald Trump proclaimed from the CPAC stage Saturday that tariffs are the “greatest” tool he’s employed in negotiating trade with foreign nations. The president described how he has used tariffs to bring China to the negotiating table. China had raised their tariffs on U.S. car imports to 40 percent. Trump said the U.S. should have […]

Credit Suisse: China Has a Lot More to Lose Than the U.S. in Trade War…

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The possibility that the United States and China are closer to resolving their trade dispute has stoked optimism among investors. But insufficient attention may be being paid to what happens if no deal is struck, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific. No deal would be “profoundly negative”. It would be […]

China Allows First-Ever Rice Imports Ahead of Trade Talks…

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China has opened the door to imports of rice from the United States for the first time ever in what analysts took to signal a warming of relations between the world’s two biggest economies after a frosty year marked by tensions and tit-for-tat tariffs. The green light from Chinese customs, indicated in a statement posted […]

China to Cut Tax on US Vehicles to Ease Trade Tensions…

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China will remove the retaliatory duty on automobiles imported from the U.S. for three months in an effort to defuse trade tensions with the world’s biggest economy. The 25% tariff it imposed in a tit-for-tat measure will be scrapped starting Jan. 1, the finance ministry said Friday. Earlier this week, Bloomberg News reported that China […]

“This Is A Bear Market”…

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A sheepish Scott Wapner dared to ask DoubleLine’s Jeffrey Gundlach an open-ended question about the stock market, and we suspect the response he got was far from what he wanted to hear. “I’m pretty sure this is a long-term bear market for stocks…S&P is headed to new lows” “We’ve had pretty much all of the […]

GM Discovers That Government Bailouts Come with Golden Chains Attached…

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General Motors recently announced that it will stop production and lay off some 15,000 employees at several U.S. and Canadian facilities. The announcement elicited a predictable outburst of indignation from President Trump. He said in a Twitter tirade that his administration is “looking into cutting all @GM subsidies, including … for electric cars.” That’s a […]

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