People really think we have free trade and somehow Trump is reversing that fact. This, of course, is how the press has portrayed the issue, but that is just far from the truth. Trump is now looking at putting a 20%-25% tariff on cars coming from Europe. Personally, I only have German cars so I […]
QUESTION: Mr. Armstrong; I know you say you do not advise the IMF. But whatever you write, they follow and repeat. So they are following your blog at least and they implement whatever you say. This is very curious. They are now saying that Germany’s export model economy is threatening the world economy. You were […]
The Independent reported that an EU Official said that Juncker used ‘‘brightly coloured, simple flashcards” to explain trade to Trump during the meeting. The EU official said ‘each card had at most three figures about a specific topic. While these remarks are deeply offensive, what they really reveal is how much EU officials prefer to promote […]
The interesting fact is that the majority of fund managers today have reduced their equity allocation to their lowest level since November 2016 according to Reuters. The reason for this is their focus of trade and their assumption that the Great Depression was caused by a PROTECTIONISM. According to yet a recent monthly report by […]
Perhaps the most interesting observation of how Trump handles negotiations is that he approaches them as a businessman rather than a politician. He certainly does not play nicely or puts on the pretense that everything is wonderful in the land of politics. Indeed, NATO officials were on edge and nervously welcomed President Trump who arrived […]
QUESTION: What is your “opinion” on the Trump tariffs dispute with China? ANSWER: Years ago, an old friend from high school was in the Philadelphia Steam Fitters Union. They went on strike for a very long time. He finally came to me and asked for a job. I gave him one and all I ever heard was […]
COMMENT: I live in Alberta, Canada and for years as a sign maker I had to order materials from the United States. I can assure you that the problems you mention are no different than the problems we encounter when buying American products: tariffs; customs duties etc. and as well paying in $US which really hikes our prices. We also sold promotional […]
Many countries charge you for goods you buy overseas not just Canada. One of our girls in Germany was called down to pay tax on clothes her mother bought and sent her for Christmas. One Canadian friend visited and left his coat. I mailed it back to him and they demanded an import duty. Trump’s […]
Trump has been attacking Canada once again on trade. He blasted the North American Free Trade Agreement, saying the U.S. can no longer afford to be the “stupid country.” He pointed out that Canada imposes such onerous tariffs on U.S. products, such as shoes, that people are forced to “scuff ’em up” in order to “smuggle” them […]
The Chinese government had finished its rail freight service between China and London. This is expanding the New Silk Road creating a direct rail link straight from China to Great Britain. This route moves from Beijing, across Asia and Europe, and then reaches London. Of course, this will move both ways. This will certainly enable […]
