Continuing the series of tweets from US President Trump on trade matters Trump taking it up a notch this time with talk of enemies Sorry, we cannot let our friends, or enemies, take advantage of us on Trade anymore. We must put the American worker first!
Swiss voters have rejected the Vollgeld initiative, which would have stripped banks of their ability to “create” money when giving loans to consumers and businesses.
The big impact from Trump’s tweets was earlier on the CAD When he switched his bullying over to the Europe it has had little FX impact: Now he is on to Germany:
President Trump on twitter again, this time on NATO funding ….And add to that the fact that the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade (they pay only a fraction of the cost-and laugh!). The European Union had a $151 Billion Surplus-should…
The Canadian dollar is a laggard today, with Canada being singled out for attach by US President Trump As the title to the post says: CAD rhymes with sad! I should be writin’ Presidential tweets!
The latest tweet from the President of the United States of America Fair Trade is now to be called Fool Trade if it is not Reciprocal. According to a Canada release, they make almost 100 Billion Dollars in Trade with U.S. (guess they were bragging and got caught!). Minimum is 17B. Tax Dairy from us…
Posted earlier: Reports a US fighter jet has crashed into the sea off Japan Just following up with some better news, that US military has confirmed the pilot is safe
Japan’s Cabinet Office with core orders for machinery (exclude those of ships and electric power utilities) Core machinery orders for April +10.1% – expected +2.4% m/m, prior -3.9%
Reuters citing Japanese media – Off Okinawa – an F-15 – Kyodo reporting – The pilot is reported to have ejected, though no further reports on the pilot’s safety
The newest member of the G7 moves to the middle of the tariff debate The newest member of the G7, Italian’s PM Giuseppe Conte is happy with taking a moderate position with regard to tariffs: