I felt it was too important to miss especially in these current sanctioned and trade tariff times. Pioneering this effort is an American company called Relex (RLX), the world’s first cryptocurrency-based real property development and investing group.
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ANKARA, TURKEY (Analysis) – The United States’ economic war on Turkey over the detention of a U.S. pastor is showing no sign of winding down any time soon. Instead, the long-brewing row between the two countries could mark a significant break in relations between Washington and Ankara, which has long played the role of a U.S.-loyal guard at NATO’s southern flank.
Last month, when we reported that Russia had liquidated the bulk of its US Treasury holdings in just two months, we said that “we can’t help but wonder – as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more sanctions were unleashed on Russia – if this wasn’t a dress-rehearsal, carefully coordinated with Beijing to field test what would happen if/when China also starts to liquidate its own Treasury holdings.”
When US President Donald Trump re-imposed sanctions on Iran last week, he warned that any company doing deals with the Iranians in dollars would also be subject to sanctions.
Several Russian companies are also under US sanctions, while Trump’s tweet last week doubling tariffs on imports of Turkish steel has caused Turkey’s currency to crash more than 20 percent against the US dollar.
The Chinese Commerce Ministry has indicated its readiness to introduce various import tariffs on 5,207 US goods worth approximately $60 billion.
The Commerce Ministry said in a statement that the tariffs would be imposed at four different tax rates.
China’s announcement comes after President Donald Trump threatened to raise the proposed tariff rate on an additional $200 billion worth of goods to 25% from 10%.
Typically, Washington is against anything that benefits Moscow, and is for anything which bolsters the position of US puppet regime Ukraine. But, at ongoing cases before the World Trade Organization, that narrative isn’t applicable.
In the face of US President Donald Trump’s tariffs contest with Mexico, the Mexicans are on walkabout to find alternative suppliers of goods that Mexico imports from the USA. One of those goods happens to be wheat, and as Mexico partially replaces America as one of its leading suppliers, the US will find itself sitting on a surplus supply and will possess that much less market domination. America has been Mexico’s leading wheat supplier since NAFTA in 1994.
The G20 represents about 80% of the world’s agricultural trade. At the recent summit in Buenos Aires, Argentina, affirmed their commitment to free and open trade, a rules based system, and a multilateral order, and confirmed the joint opposition to unnecessary tariffs, trade wars, and unilateral protectionism. It even praised the WTO, which Trump has a major issue with. Essentially, it was a meeting of countries to agree that they don’t agree with Trump’s manner of doing business.
French President Emmanuel Macron, on his first official visit to Spain, together with Spanish Prime Minister Pedro Sanchez, expressed their doubts about the trade deal reached in Washington D.C. between US President Donald Trump and EU Commission head Jean-Claude Juncker.
US President Donald Trump and European Commission President Jean-Claude Juncker announced that they have reached an understanding on lowering barriers between the two sides.
During his visit to the White House, Juncker appeared to have made several concessions to POTUS Trump in an effort to avoid a trade war…such concession include buying more US soybeans and purchasing expensive, American LNG.
Trump was firm in his stance on trade with the EU, insisting on reciprocal trade relations between the two blocks.
