Category : Deflation
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."
Turkey, Japan and Russia have calculated how much US tariffs would add to the cost of steel and aluminum exports to America, and submitted their claims to the World Trade Organization.
Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028.
The US-China trade war is “on hold” after the world’s two largest economies agreed to stop threatening new tariffs ahead of further negotiations on a wider trade deal.