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Digital Sales Tax v. Tariffs on French Wine

Via Angry Bear Even before Donald Trump departed for the G7 in Biarritz France, he threatened another trade war this time with the host country over the digital sales tax: U.S. President Donald Trump on Friday reiterated criticism of a French proposal to levy a tax aimed at big U.S. technology companies and threatened again to...

The Broken Contract
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The Broken Contract

Via Coppola Comment So the Lord God said to the serpent, “Because you have done this, cursed are you above all livestock and all wild animals! You will crawl on your belly and you will eat dust all the days of your life. And I will put enmity between you and the woman, and between your...

Will Europe Ever Shake Its Dependence On Russian Energy?
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Will Europe Ever Shake Its Dependence On Russian Energy?

Via Oilprice.com Much of the current discourse over Europe’s economic “independence” has revolved around its increasingly-tense relationship with the Trump administration over foreign policy issues such as trade and Iran. This focus has sidelined another important development, however: portions of the European energy industry—a major pillar of the single market—are increasingly coming into Russian and...

Central bankers rethink everything at Jackson Hole
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Central bankers rethink everything at Jackson Hole

For the world’s central bankers gathered in Jackson Hole, there was a sense that things would never be the same again. The developed world had experienced a “regime shift” in economic conditions, James Bullard, president of the St Louis Federal Reserve, told the Financial Times. “Something is going on, and that’s causing I think a...

US says Donald Trump regrets not being tougher on China
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US says Donald Trump regrets not being tougher on China

The White House has insisted Donald Trump remains committed to the trade war with Beijing after the US president admitted that raising tariffs on Chinese goods had given him “second thoughts”. The White House issued a statement on Sunday morning saying Mr Trump’s only regret was not raising levies higher, after the president appeared to...

Fed’s Mester sees downside risk from escalating trade war
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Fed’s Mester sees downside risk from escalating trade war

Via Reuters Finance JACKSON HOLE, Wyo. (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Saturday she sees “big downside risk” from rising trade uncertainty, and will be watching how businesses and consumers react ahead of the U.S. central bank’s next policy meeting. FILE PHOTO: Cleveland Fed President Loretta Mester takes part in a...

US-China trade war: Trump regrets not being tougher on tariffs
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US-China trade war: Trump regrets not being tougher on tariffs

Via Fox Business article French President Emmanuel Macron, center left, and President Donald Trump, center right, participate in a G-7 Working Session on the Global Economy, Foreign Policy, and Security Affairs the G-7 summit in Biarritz, France, Sunday, Aug. 25, 2019. Also White House Press Secretary Stephanie Grisham clarified remarks President Trump made at the...

Trump Signals Regret China Trade War Has Escalated
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Trump Signals Regret China Trade War Has Escalated

Via Economic Policy Journal Trump at the G7 in Biarritz, France The erratic US president is at it again. Let us hope he stays in his latest mode. President Trump now expresses regret that his trade war with China had spiraled into an international quagmire, answering “yes” when a reporter asked this morning in France...

Britain’s Cuadrilla says ‘micro seismic event’ occurred at fracking site near Blackpool
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Britain’s Cuadrilla says ‘micro seismic event’ occurred at fracking site near Blackpool

Via Reuters Finance FILE PHOTO: Cuadrilla’s Preston Road fracking site is seen near Blackpool, Britain, October 22, 2018. REUTERS/Hannah McKay/File Photo (Reuters) – British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company’s shale gas exploration site late on Saturday. “We can confirm that...

Trump signals some regret on China trade war
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Trump signals some regret on China trade war

Via AP Business BIARRITZ, France (AP) — President Donald Trump signaled regret Sunday for an escalating trade war with China, as he faces a tense reception from world leaders meeting amid mounting anxiety of a global economic slowdown at the Group of Seven summit in France. Trump is trying to use the conference to rally...

G-7 leaders meet to talk looming economic threats on world economy
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G-7 leaders meet to talk looming economic threats on world economy

Via Fox Business President Donald Trump and leaders from the Group of Seven gathered Sunday morning to begin their talks on the possible threats to the global economy. France, Britain, Italy, Japan, Germany, the European Union and Canada are expected to talk trade and work to resolve disputes, including the escalation of tariffs between the U.S....