In a decision that could potentially have a profound impact on US trade policy, the US International Trade Commission has ruled that a flood of cheap, foreign solar panels is unfairly hurting US manufacturers, creating the opportunity for President Donald Trump to follow through on his protectionist campaign rhetoric and impose tariffs and import quotas as soon as November.
After repeatedly asking the Supreme Court to overturn parts of appellate court rulings that have sought to limit the scope of the White House’s controversial travel ban as US judges have continued their unceasing assault on Trump’s order even after the Supreme Court granted a temporary stay, WSJ is reporting this morning that the administration has decided to replace the travel ban in favor of more targeted restrictions that will affect a slightly larger number of countries after it expires this weekend.
Authored by Charles Hugh Smith via OfTwoMinds blog,
So let's look at currency flows, reserves and debt.
The demise of the U.S. dollar has been a staple of the financial media for decades. The latest buzzword making the rounds is de-dollarization, which describes the move away from USD in global payments.
S&P futures retreated along with European and Asian shares with tech, and Apple supplier shares leading the drop while safe havens such as gold and the yen rose, as the war of words between U.S. President Donald Trump and Kim Jong Un escalated and North Korea threatened to launch a hydrogen bomb, leading to a prompt return of geopolitical concerns. Trade focus now turns to a planned speech by Theresa May on Brexit (full preview here).
Authored by Jacob Hornberger via The Future of Freedom Foundation,
The worst mistake in U.S. history was the conversion after World War II of the U.S. government from a constitutional, limited-government republic to a national-security state.
Nothing has done more to warp and distort the conscience, principles, and values of the American people, including those who serve in the U.S. military.