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US Senate quietly votes to cut tariffs on hundreds of Chinese goods

  • With no debate, the Senate unanimously passed a bill that would cut or eliminate tariffs on toasters, chemicals and roughly 1,660 other items made outside the United States.
  • Nearly half of those items are produced in China, according to a Reuters analysis of government records.
  • The United States and China, the world's two largest economies, are increasingly at loggerheads over trade.

OTHER NEWS

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Emerging markets tumbled in the second quarter after a stronger dollar and higher U.S. interest rates led many investors to flee from riskier investments in the developing world. The MSCI Emerging Markets stock index fell 8.5% over the past three months, the index’s worst quarterly performance since the third quarter of 2015. Emerging-markets bonds lost […]

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Central Banks Are Heading Toward A Stagnant Global Zombie Economy

12/04/2019, 6:06 AM

Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security.  This risk could not be more evident today.  Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indicators also point to a much weaker economy ahead.

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