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Tag Archives: Trade War

Rate Cut! Tariff Hike! ShiffGold Friday Gold Wrap August 2, 2019

The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn’t the beginning of a long cutting cycle, the stock markets weren’t pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it...

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More backfire economics: Tariff Man’s trade war continues to take a toll on American businesses and farmers – Publications – AEI

AEI More backfire economics: Tariff Man’s trade war continues to take a toll on American businesses and farmers More fallout, friendly fire and collateral damage on Americans from Tariff Man’s trade war, here are some of the latest victims/casualties: 1. On the Cotton Farm: Stockpiling and Fearing Big Losses From Trade Fight: In Arkansas, exports have tanked and prices dropped: ‘It’s going to be a struggle’ 2. Hit by 93% Tax, Napa Wine Falls Victim to Trade War in China 3. The...

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Wild Mood Swings: SchiffGold Friday Gold Wrap July 5, 2019

Gold has gone through some wild mood swings this week. It plunged back below $1,400 per ounce on Monday only to rally and climb back above that key level on Tuesday. What’s driving these fluctuations? And what should investors be focusing on? Mike Maharrey talks about it in this week’s Friday Gold wrap. He also touches on some positive signs in the silver market, the global movement toward de-dollarization, and he remembers a friend of liberty who passed away this week.The SchiffGold...

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And Just Like That… SchiffGold Friday Gold Wrap June 28, 2019

And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

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Market Brief: The Fed and the Dollar

Last week, the Federal Reserve released the minutes from its Federal Open Market Committee meeting earlier this month. There weren’t any big surprises. The FOMC indicated that it would continue to take a “patient” approach to its monetary policy, basically stating that it is in no rush to adjust the policy either way for now.Fed officials seemed to agree that this “do-nothing with interest rates” approach could continue for “some time.”Members observed that a patient approach to...

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Thanks Tariff Man: More collateral damage and trade war casualties — tractor makers and farmers hit hard – Publications – AEI

AEI Thanks Tariff Man: More collateral damage and trade war casualties — tractor makers and farmers hit hard From the Wall Street Journal article “Trade Tension Deals Tractor Makers a Fresh Blow“: Tariffs and trade tensions are pushing makers of U.S. farm-equipment into a deeper ditch. Deere & Co., CNH Industrial NV and other makers of the tractors and combines used to plant and harvest American crops are already facing weak demand from farmers as a result of a...

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Cost of Tariff Man’s trade war? $831 annually per household according to the NY Fed – Publications – AEI

AEI Cost of Tariff Man’s trade war? $831 annually per household according to the NY Fed The table above is from the New York Fed’s new study “New China Tariffs Increase Costs to U.S. Households” that estimates that the annual costs of Tariff Man’s new round of tariffs on Americans buying imports from China will be $831 per US household from higher prices and reduced economic efficiency. Here’s from a Wall Street Journal article (“Latest China Tariffs...

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Money Out of Your Wallet: SchiffGold Friday Gold Wrap 05.24.19

There is plenty of debate about tariffs right now. A lot of people oppose them because they support free trade. A lot of people support them because they believe they protect US industry. Others think tariffs are a great tool to force other countries – specifically China – to engage in fair trade. In today’s Friday Gold Wrap podcast, host Mike Maharrey argues that no matter what you think about tariff policy, you should pause and count the cost because tariffs are taking money out of...

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When It Comes to the Trade War, Don’t Forget to Count the Cost

In a recent article, Peter Schiff called the ongoing trade war Pres. Trump’s last stand, saying, “it looks to me that Donald Trump … is charging into an economic version of the Little Bighorn.” Proponents of the trade war argue that we need to give Trump’s strategy time to work. They say the tariffs will force the Chinese to bend, and in the end, America will find itself in a much better economic position than it was before.We can debate whether Trump’s tariffs are a brilliant negotiating...

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