Those would count as services which Trump explicitly excluded from his calculation, presumably so that he could claim the US has a larger trade deficit than it actually does. Although given he basically pulled the formula out of his ass anyway I'm not sure why he bothered to fudge the numbers as well.
gnutrino
joined 2 years ago
For a start my understanding is that China doesn't actually export much end product pharmaceuticals, it tends to export lots of the chemical precursors. So if companies moved their production to the US they would find that a large amount of the precursors they need now have 104% tariffs applied and they can't compete with production in countries with less insane trade policies regardless of what tariffs go on the end products...
While that is true, I do think there is an opportunity for the EU to get a real economic and diplomatic boost by strengthen ties with the traditional western allies in the Pacific now that America is torching its bridges there. Whether or not it can manage to get all member states to agree quickly enough to actually take that opportunity is a different matter though...
Euros or rmb as the new reserve currency? Place your bets now (literally if you like).
The opposite over the hypotenuse
I may have done weed in the sun, in the rain, when it's snowing but I did not in hail
I believe that would be MarketAxess (MKTX) which largely deals in bonds AFAIK. Given that bonds are the traditional safe haven asset when traders see the market shitting the bed, them doing well isn't necessarily the best sign for overall market health...
Well yes, it's a British bank headquartered in London that dates from the time Hong Kong was British...
Depends whether their cow is in a ditch
By that logic you don't think foreign currencies are real?
Maybe they've just put everything into those 5x short s&p500 ETFs