As the saying goes, TACO Trump...which means, Trump Always Chickens Out. And once again he has Chickened Out on a number of former tariff threats, here are the latest Tariff War updates:
Tag: Global Economy
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TOP TREND 2024: EV GO FU
In recent years, high-end electric vehicles (EVs) such as the Tesla Model S, GMC’s Hummer, and the Porsche Taycan were steady, even though they wore price stickers of $80,000 or more.
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INDONESIA MAY ISSUE BONDS DENOMINATED IN CHINA’S RENMINBI CURRENCY
Indonesian officials are discussing joining the roster of countries issuing “panda” bonds denominated in China’s renminbi currency, two unnamed sources told the Financial Times.
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OIL PRICES JUMP AFTER UKRAINE BOMBS RUSSIAN EXPORT TERMINAL
Global oil prices shot up 2 percent Friday, 14 November, after Ukraine bombed a Russian oil export terminal in the Black Sea, damaging an oil depot, a ship in port, and apartments.
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POOR FARED WORST UNDER ECB RATE HIKES, STUDY SHOWS
As the European Central Bank (ECB) hiked its interest rates from July 2022 to fight inflation, lower-income households suffered more than higher earners, the bank’s economists reported in a new study.
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JAPAN’S ECONOMY CONTRACTS FOR THE FIRST TIME IN 18 MONTHS
In this year’s third quarter, Japan’s economy contracted at an annualized rate of 1.8 percent, its first shrinkage in six quarters, government data showed.
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U.K. ECONOMY SLOWED FURTHER IN THIRD QUARTER
In this year’s third quarter, the U.K.’s economy managed to grow by just 0.1 percent, according to the Office for National Statistics. That followed a 0.3-percent bump in the preceding quarter. Economists in a Wall Street Journal survey had expected a 0.2-percent expansion from July through September.
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FUTURE OF GERMANY’S ECONOMY LOOKING WORSE
Surveying 186 economic analysts, German thinktank ZEW said its monthly Indicator of Economic Sentiment slipped 0.8 of a percentage point from October, settling at 38.5.
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EUROZONE ECONOMY EXPANDS ON EXPORTS TO U.S.
In the third quarter, the Eurozone’s economy grew 0.2 percent above the second quarter, setting an annual pace 1.4 percent as exports to the U.S. surged after U.S. tariff rates were reduced in a final trade agreement.
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THREE DANGERS LURK FOR INVESTMENT MARKETS, WSWS WARNS
Three issues pose a growing danger to stock markets where valuations have been inflated by euphoria and lax oversight, the World Socialist Web Site (WSWS) warned in a 12 November analysis.