Last Friday, the US Supreme Court struck down some of President Donald Trump's previous global tariffs. In response, President Trump immediately announced new tariffs of 10% and then 15% on all types of goods.
The EU has reacted strongly to this decision. Their main statements are:
The EU says that the trade agreement reached between the two sides last year must be adhered to. According to their commentary, "A deal is a deal."
Brussels has asked Washington for a clear explanation of how the new 15% tariff will affect EU products.
Many EU products had zero percent tariffs in the previous agreement. The new tariffs risk eroding those special benefits or 'zero tariff' benefits.
Previously, the EU enjoyed advantages over other countries due to special agreements. The EU will lose that trade advantage as it now has a 15% tariff for everyone.
It is estimated that this decision will hurt the EU's overall trade, with Italy likely to suffer the most (1.7 percent).
The EU believes that such an uncertain tariff system is creating instability in global markets and is contrary to mutual trust.
The EU has reacted strongly to this decision. Their main statements are:
The EU says that the trade agreement reached between the two sides last year must be adhered to. According to their commentary, "A deal is a deal."
Brussels has asked Washington for a clear explanation of how the new 15% tariff will affect EU products.
Many EU products had zero percent tariffs in the previous agreement. The new tariffs risk eroding those special benefits or 'zero tariff' benefits.
Previously, the EU enjoyed advantages over other countries due to special agreements. The EU will lose that trade advantage as it now has a 15% tariff for everyone.
It is estimated that this decision will hurt the EU's overall trade, with Italy likely to suffer the most (1.7 percent).
The EU believes that such an uncertain tariff system is creating instability in global markets and is contrary to mutual trust.
Forwarded from Wave fx Paid (VIP) Signals💰
The Federal Reserve is keen to cut interest rates this year, but not now. They are reluctant to do so until inflation has slowed to its target of 2%.
Goolsby believes that several rate cuts are possible this year, but before that happens, "hard evidence" is needed that inflation is actually falling.
While commodity prices have fallen somewhat, inflation in the service sector (e.g. healthcare, transportation) has not yet been brought under control.
He acknowledged that the Fed was a bit slow to bring inflation under control during the pandemic. They do not want to make that mistake this time.
The good news is that jobs are still good in America and economic growth is stable. This strength is giving the Fed time to make decisions.
Goolsby believes that several rate cuts are possible this year, but before that happens, "hard evidence" is needed that inflation is actually falling.
While commodity prices have fallen somewhat, inflation in the service sector (e.g. healthcare, transportation) has not yet been brought under control.
He acknowledged that the Fed was a bit slow to bring inflation under control during the pandemic. They do not want to make that mistake this time.
The good news is that jobs are still good in America and economic growth is stable. This strength is giving the Fed time to make decisions.
Forwarded from Wave fx Paid (VIP) Signals💰
Israel and the United States have carried out joint attacks on various locations in Iran. The claims target was the country's top officials, including Supreme Leader Ayatollah Ali Khamenei. Explosions were heard at at least three locations in the capital Tehran on Saturday local time.
Forwarded from Wave fx Paid (VIP) Signals💰
Oil and gold will skyrocket again, markets will be in turmoil. But is World War III imminent?
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Forwarded from Wave fx Paid (VIP) Signals💰
👉 The war situation in the Middle East centered on Iran is causing major instability in the international market.
👉 First, Gold, i.e. XAUUSD, is generally considered a 'safe haven'. When war or global uncertainty increases, investors leave risky assets and move to Gold. As a result, the price of Gold is likely to increase.
👉 Second, the US dollar may initially strengthen in the Forex market, because it is also considered a safe currency. At the same time, the Japanese yen and Swiss franc may also strengthen.
However, if the war is prolonged and oil prices increase, then more instability may arise in the market due to the fear of increasing inflation.
✍️ In short, in a war situation, there is a high probability of Gold being bullish and volatility in the Forex market will increase significantly. #sahedsani #forextrading #forexsupport #signals #forexsignals #trading #xauusd #gold #oil
👉 First, Gold, i.e. XAUUSD, is generally considered a 'safe haven'. When war or global uncertainty increases, investors leave risky assets and move to Gold. As a result, the price of Gold is likely to increase.
👉 Second, the US dollar may initially strengthen in the Forex market, because it is also considered a safe currency. At the same time, the Japanese yen and Swiss franc may also strengthen.
However, if the war is prolonged and oil prices increase, then more instability may arise in the market due to the fear of increasing inflation.
✍️ In short, in a war situation, there is a high probability of Gold being bullish and volatility in the Forex market will increase significantly. #sahedsani #forextrading #forexsupport #signals #forexsignals #trading #xauusd #gold #oil
Forwarded from Wave fx Paid (VIP) Signals💰
President Trump warned that the US would continue to attack Iran until it was no longer a threat, suggesting the conflict could last a month or “much longer.” Meanwhile, Iran has declared the Strait of Hormuz closed and threatened to target any ships attempting to transit the vital energy corridor.
Wave fx Paid (VIP) Signals💰
Today big new NFP ‼️‼️‼️ Today my news signals 99% guarantee
News time only 26 min‼️‼️
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