Trump Imposes Hard Line Sanctions on Iran

Sanctions levied against the Iranian government by the Trump Administration took effect Tuesday, with another round of more stiff round of sanctions to come in the near future. The Trump Administration has hopes that these sanctions will help cripple the Iranian economy and force concessions from the capital of Tehran. In fact, the announcement ofRead More

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Senate passes bill that holds back some of the U.S.’ tariffs

The Senate seems to have gone one step ahead of President Donald Trump and has already implanted the first tariff relief legislation. The approved law specifically takes tariffs away from items used in production that can’t be purchased directly in the U.S.  It has been referred to as the Miscellaneous Tariff Bill Act, and it hadRead More

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Trump Administration Seeks to Change Obama’s Fuel Economy Standards

Next week, the Trump administration will begin working on a revision of the U.S.’ fuel economy standards. The current U.S. fuel economy standards were implemented by the Obama administration. The standards caused a deal between automakers, state officials, environmentalists and federal regulators. In 2012, the aforementioned organizations agreed to start increasing vehicle efficiency in theRead More

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Toronto Votes to Completely Ban Handgun Sales

Toronto’s city council has recently decided to install a ban on all handgun sales after a mass shooting in the city left three people dead. This is a striking measure, especially when compared to how U.S. politicians have recently approached gun control legislation. The city’s mayor, John Tori, was blunt and direct when addressing theRead More

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U.S. and Europe Start Negotiations to Halt Trade Wars

In a surprising move, the European Union and the United States have agreed to stop what seemed to be an imminent trade war. U.S. President Donald Trump and European Commission leader Jean-Claude Juncker announced a future deal on Wednesday which will focus on lowering tariffs and “trade barriers.” It is unknown whether these negotiations willRead More

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North Korea’s Oil Prices Drop, Despite EU’s Tariffs

North Korea’s oil prices have dropped significantly in just a matter of months. According to Reuters, the value of North Korean oil has nearly halved in this short span of time. This fact demonstrates that oil has become an independent and isolated market. United Nations’ Security Council shortened its limit on refined petroleum exports toRead More

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IMF warns Venezuela of having 1M% inflation by the end of the year

The International Monetary Fund (IMF) has released a concerning prediction regarding the Venezuelan economy. According to them, if the country continues to pri1nt money in order to cover their massive gap in the budget, their inflation could rise up to a baffling one million percent. Alejandro Werner, head of the Fund’s Western Hemisphere department, statedRead More

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G20 summit finishes without solutions for Trump’s trade wars

The recent summit held in Buenos Aires, Argentina by the Group of Twenty ended in a disappointing note, as there were no agreements or solutions to President Trump’s trade wars. The meeting saw several finance ministers from all around the world, who had reportedly been discussing how the president’s recent actions surrounding trade could beRead More

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Trump criticizes Fed over rising interest rates, breaks tradition by doing so

Donald Trump has recently stated his harsh criticism towards the Federal Reserve, therefore breaking an over 25-year tradition of respect towards the system. He accompanied his criticism with comments about China and the EU manipulating their currencies for economic benefits, adding to his previous criticism of the countries involved. His tweet stated that the FedRead More

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German Foreign Minister: “We Can No Longer Completely Rely on the White House”

Germany’s foreign minister, Heiko Maas, recently stated that his country can no longer rely on the U.S. after President Trump called the European Union a “foe” of his administration. Heiko Maas told the German newspaper Funke: “We can no longer completely rely on the White House. To maintain our partnership with the USA we must readjust it.Read More

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