US Trade War?

DAILY BASKET – NEWS COMMENTARY

US Trade War?

MARSAL COMMENTS: President Trump seems determined to “Make America Great Again”. One obvious step is to reduce the trade deficit with the world. The US imports far more than it exports. The simple and fast way to do that may be to levy import tariffs on products from the main US trading partners; China and Germany. Continue reading “US Trade War?”

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Russia And China Setting Up An Alternative To The Dollar?

DAILY BASKET – NEWS COMMENTARY

Russia And China Setting Up An Alternative To The Dollar?

MARSAL COMMENTS: On March 14th, Russia opened a branch of its central bank in Beijing, and earlier, China had opened a clearing bank in Moscow. Their objective is to facilitate trade settlement in Rubble, Yuan and of course, gold. Continue reading “Russia And China Setting Up An Alternative To The Dollar?”

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Iran and Russia Developing Barter Trade

DAILY BASKET – NEWS COMMENTARY

Iran and Russia Developing Barter Trade

MARSAL COMMENTS: Russia and Iran announced an “Oil-For-Goods” deal, where Iran sells Russia around 100,000 barrels of oil per day and gets paid in goods such as construction, railroad and airport equipment, etc. Continue reading “Iran and Russia Developing Barter Trade”

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Mexico Cancels Sugar Exports to the US

DAILY BASKET – NEWS COMMENTARY

Mexico Cancels Sugar Exports to the US

MARSAL COMMENTS: The Trump instigated political fallout with Mexico is still running at full speed. The US Threatened to build a border wall, stop Mexican immigrants, deport those in the US, and to cancel NAFTA, the US/Canada/Mexico trade agreement signed by Clinton. Continue reading “Mexico Cancels Sugar Exports to the US”

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