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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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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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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Jahangiri Confirms Iran Will Maintain High Oil Sales in Face of Sanctions

In response to the massive sanctions which the Trump Administration imposed on European companies operating in his country, Iranian Vice President Eshaq Jahangiri confirmed that Iran plans to keep selling “as much oil as [they] can.” Jahangiri acknowledged that Trump’s sanctions will definitely hurt Iran’s economy, but he affirmed that the government will try to protectRead More

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Turkey becomes the riskiest economy in the world after Erdogan re-election

During the past couple of months, talks about the global economy have mainly focused on the relations between the U.S. and its former allies, with tariff-to-tariff trade wars and rising oil prices being the main topics of discussion. While that conversation must be continued in order to have a rational response to the Trump administration’sRead More

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Canada Applies Tariffs On U.S. Products As Trade Wars Grow

After weeks of conflict between Canada and the United States, Canada has imposed tariffs on U.S. products. The tariffs were enacted in response to U.S. tariffs on Canadian steel and aluminum, which caused a great deal of tension between U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau. The American measures were applied atRead More

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Foxconn to build 10$ billion factory complex, Harley-Davidson to move production outside the U.S.

The start of construction for a 10$ billion Foxconn factory complex in Wisconsin was planned to be used by the Trump administration as proof of the beginning of the “America First” policy, which has been promoted and teased by the president himself since his 2016 campaign. However, this was contrasted with an announcement by Harley-DavidsonRead More

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U.S. stocks fall in face of possible restrictions to Chinese investment

As expected, the current trade wars between the U.S. and its G7 allies and China are also affecting the American economy. On Monday, U.S. stocks fell substantially as uncertainty increased over how the Trump administration will proceed with the China tariffs and investment restrictions. This raised concerns for investors, considering the possible outcome of aRead More

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Trump’s trade wars with G7 allies and China are already affecting the global economy

During the last month, the Trump administration has caused several amounts of controversy due to the “trade wars” between the U.S. and its G-7 allies and China. The U.S. is prepared to implant tariffs in said countries due to “unfair” trade deals and national security issues, and each country involved has stated that it couldRead More

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AT&T-Time Warner Merger Completed Shortly After Court Ruling

On Thursday, AT&T announced the completion of their merger and acquisition of Time Warner. This news comes soon after a judge’s ruling that the action falls in line with antitrust laws, which rushed the companies to finish the deal in a short time. The Justice Department has shown no explicit desire to appeal this decision,Read More

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