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White House May Change Calculation Of US Trade Deficit, Boosting Trade War Odds

White House May Change Calculation Of US Trade Deficit, Boosting Trade War Odds

In the latest surprising announcement to emerge from the Trump White House, the WSJ reports that the Trump administration is considering changing the way the U.S. trade deficit is calculated, a shift that would make America's trade gap appear even greater than it has been in recent years, potentially making future trade skirmishes and wars with America's export-heavy trade partners far more likely. 

"We Respond To Respect": Iran To Conduct New Military Drill In Which "Rockets Will Be Used"

"We Respond To Respect": Iran To Conduct New Military Drill In Which "Rockets Will Be Used"

Two weeks after the White House extended sanctions on two dozen Iranian entities in retaliation for a recent ballistic missile test, Iran's elite Revolutionary Guard is set to conduct military drills next week, a senior commander announced Saturday, despite warnings from the United States not to engage in such activity and a warning from the White House which said it was putting Iran "on notice."

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