Category : Deflation
Europe threatens to tax the United States to the tune of 300 billion dollar ; Russia receives 65 billion dollars following OPEC oil production cuts ; J.RICKARD'S : "The dollar is a source of global instability".
The chinese government has reacted and is imposing 34 billion dollars in customs duties on america; india and china will soon form an "oil buyers club"; china and russia reach a joint gold mining project agreement in Siberia.
Historic meeting between the United States and North Korea, assessment of the negative impact of human activity on the international economy, great instability within the government of the second largest OPEC member.
Tariffs on steel and aluminum imports from Canada, Mexico and the EU will push countries to find new trading partners.
The world relationship trade are not better despit the break in trade war, but the result for gold investors could be very profitable.
Russia will win against there European trade rivals thanks to The US sanctions on Iran.
The famous economist James RICKARD'S gives his opinion about the current trade war and the "Axis of Gold" which includes Russia, China, Iran and Turkey.
The threat of trade protectionism is the worst concern looming over a solid upswing in the world economy, according to IMF Managing Director Christine.
Donald Trump's request , for China to reduce its trade deficit with the United States by $200 billion over two years is a major political challenge.
The Federal Reserve minutes from its May meeting said "a temporary period of inflation modestly above 2 percent would be consistent with the Committee's symmetric inflation objective."