Daily Archives: March 12, 2018

Bits and Pieces – 20180314, Wednesday

Trade  Wars: We are at the early stage of a global trade war. Whether it escalates or can be ended without too much damage remains to be seen.

Today (Wednesday) the new US trade figures came out with the deficit at an all-time high. Trump will use this to entrench his position: Fuel For The Protectionist Fire: US Trade Deficit Surges, Ex-Petroleum At All Time High. The political basis for staging a trade war is presented in the following article: Barclays: Trade Wars Are Economically Costly But “Smart Politics”.

In the meantime there’s not a lot out of our government other than to say that they are not pleased: Trudeau calls Trump’s trade war ‘unacceptable’ as Canadian officials reach out to U.S. administration. Silence on Canada’s part may in fact be a wise strategy unless the silence indicates they have no clue on how to respond.

Powered by WordPress | Designed by: photography charlottesville va | Thanks to ppc software, penny auction and larry goins