• Trump Administration Preparing Bill Allowing US to Circumvent WTO Rules
Trump Administration Preparing Bill Allowing US to Circumvent WTO Rules

FART Act, stinks. "Imposing tariffs will increase costs for consumers, lessen consumer choice, lower consumer demand, reduce vehicle and light truck production and sales, lower investment levels, and lead to job losses in the US auto sector", Matt Blunt, president of the American Automotive Policy Council, said in a statement.

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  • Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet
Trump's Tweet on Deal With Saudi King Makes Oil Prices Plummet

That's the highest US oil prices have been since 2014. The price of a barrel of West Texas Intermediate Crude was up over $73 late last week. Perhaps that is why the White House walked back President Trump's comments when they published details of Trump's conversation with King Salman .

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  • Top US business group assails Trump's handling of trade dispute
Top US business group assails Trump's handling of trade dispute

A top vehicle manufacturer consultant says that the cost of new cars and trucks in the USA could spike by up to $5,000 if President TrumpDonald John TrumpTrump: Democratic voters will support Republicans because of ICE criticism Coney Barrett, Kavanaugh among candidates who met with Trump: report Trump administration recommends against allowing...

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  • US moves to keep China Mobile out
US moves to keep China Mobile out

The advisory body, the National Telecommunications and Information Administration , is part of the Department of Commerce. The government of the US moved to block telecommunications company China Mobile from offering its services to the telecommunications market in the USA recommending the application it submitted by rejected due to the firm p...

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  • China says it won’t fire ‘first shot’ in trade standoff with US
China says it won’t fire ‘first shot’ in trade standoff with US

Transit trade, which refers to goods shipped from other countries to the U.S. via China, which is calculated by the USA as imports from China, also accounts for the trade deficit figures the Trump administration cites, something it refuses to acknowledge.

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  • China says
China says "fully prepared" if trade war kicks off this week

Brussels officials are looking to negotiate a new deal with the US President, who is a fierce critic of the EU's trade policy. President Donald Trump has threatened to increase the scope to $450 billion if China indeed retaliates against his 25% tariff.

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  • Saudi cabinet says ready to use spare oil capacity as needed
Saudi cabinet says ready to use spare oil capacity as needed

In contrast, the nation has expressed they are profitable with oil near $40 a barrel. Iran will use various methods to prevent a possible reduction in its oil exports after re-imposition of the USA sanctions. Craig added that more issues could develop as Washington tightens the sanctions noose on Iran and Venezuela. An International Energy Ag...

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  • Leaked Document Shows Trump Wants To Destroy WTO Relationship
Leaked Document Shows Trump Wants To Destroy WTO Relationship

After Axios obtained a draft of a Trump administration plan to ignore tariff rules imposed by the World Trade Organization , Twitter uses noticed something interesting with the proposed bill's shorthand name. It is called the United States Fair and Reciprocal Tariff Act . It would also allow "reciprocal tariffs", so Mr Trump could impose Un...

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  • Wal-Mart boycott after 'Impeach 45' T-shirts
Wal-Mart boycott after 'Impeach 45' T-shirts

The call for a Walmart boycott seemingly picked up steam as conservative media outlets spread the word about the shirts. After complaints, custom shirt company Teespring removed the shirt from the site. One Twitter user called for Walmart to "clean up" its act, saying as a " pro American company it is wrong to politicise and be anti-US Presi...

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  • López Obrador: Shades of Bernie in Mexico's populist victor
López Obrador: Shades of Bernie in Mexico's populist victor

Lopez Obrador praised the Mexican team that has been leading talks under Pena Nieto to renegotiate the North American Free Trade Agreement. The peso was down 1.5% to 20.1568 versus the United States dollar at 9:30 a.m. Now AMLO says this will change. He says he will seek to form new trade relationships around the world, thus reducing Mexico's...

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  • Iran Aims to Keep Oil Exports Flowing Despite US Sanctions
Iran Aims to Keep Oil Exports Flowing Despite US Sanctions

First Vice President Es'haq Jahangiri said on Monday that Iran is able to counter the looming USA sanctions, noting that those at the White House who think they can halt Iran's oil export are living in "illusion". Sharma, director of finance at the refiner, said in May. After the United States withdrew from the Iranian nuclear deal in May, ...

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  • Dell is going public again with tracking stock buyout
Dell is going public again with tracking stock buyout

Those shares will end up traded on the NYSE, around five years later after its founder took the company private with Silver Lake Partners in a deal worth roughly $25 billion. The agreement also included EMC's majority stake in VMWare, which now has a market cap of around $50 billion, as well as ownership of Pivotal, SecureWorks, RSA and VirtuStre...

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  • Philadelphia 76ers to meet with reps for LeBron James
Philadelphia 76ers to meet with reps for LeBron James

The most obvious name thus far hasn't been a free agent, but a guy under contract and unhappy with the San Antonio Spurs . The Knicks and Clippers were also mentioned but James opted for Los Angeles , now run by former Lakers great Magic Johnson .

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  • Tesla finally hits Elon Musk's target for the Model 3
Tesla finally hits Elon Musk's target for the Model 3

Tesla confirmed the contents of the email. Tesla had stated in the past that they would produce 5,000 Model 3 cars a week by the end of the second quarter of the year. "In the interim, we do not see this production rate as operationally or financially sustainable", said CFRA analyst Efraim Levy. Musk set a new goal of building 6,000 Model 3s...

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  • Trump says Saudi agreed to raise oil output by 2 million barrels
Trump says Saudi agreed to raise oil output by 2 million barrels

OPEC agreed with Russian Federation and other oil-producing allies this month to raise output from July by about 1 million bpd. The average per-gallon price for gasoline in the United States was $2.85, a jump of 63 cents from a year ago, according to AAA.

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  • China tries to defuse trade pressure, says world benefits
China tries to defuse trade pressure, says world benefits

The move takes gold's losses this month to more than 3 percent - the biggest monthly loss since September - driven by a dollar rally, a large decline in gold held by exchange traded funds and a sharp fall in speculative bets on higher prices.

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  • Saudi to raise oil production by 2mn BPD
Saudi to raise oil production by 2mn BPD

US President Donald Trump on Saturday said Saudi Arabia's King Salman had agreed to his request to ramp up oil production. Bloomberg reported earlier this week that state oil company Saudi Aramco was preparing to increase production in July to about 10.8 million barrels a day after pressure from Trump.

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  • Oil dips but markets remain tight due to disruptions, record demand
Oil dips but markets remain tight due to disruptions, record demand

It's been a wild stretch for crude. Brent crude futures LCOc1 were at $77.40 per barrel, down 22 cents, or 0.3 percent, from their last close. In practice, Saudi Arabia and Russian Federation will carry the biggest shares. However, the surge in output does not need to exported, at least not right away. A Suncor spokesperson confirmed that Sync...

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  • Artist Threatens Elon Musk With Lawsuit After Stealing ‘Farting Unicorn’
Artist Threatens Elon Musk With Lawsuit After Stealing ‘Farting Unicorn’

Edwards found out about it when his friend bought a Tesla auto and found that the unicorn is used in the design of the operating system of the electric vehicle. "So I chose to make it my New Year's resolution to pursue getting compensation, because artists are always seeing their work just taken, and it happens all the time", Edwards said.

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  • Canada strikes back at USA steel and aluminium tariffs
Canada strikes back at USA steel and aluminium tariffs

Freeland said there are no grounds for further USA tariffs in response to Canada's actions. On the long list of items to be targeted are gherkins, a popular pickled treat in Canada, and one that Woodbridge produces at his plant. President Donald Trump has repeatedly pressed both USA and foreign auto makers to build more vehicles in the US, whic...

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  • Trump renews attack on OPEC, says oil prices too high
Trump renews attack on OPEC, says oil prices too high

The oil price will be a critical factor when OPEC and its partners meet in Vienna next week to decide on a possible extension of a production cut deal - which crucially included giant producer Russian Federation - that has been key to the oil price recovery .

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  • Triple H opens WWE Performance Center doors to Toys R Us mascot
Triple H opens WWE Performance Center doors to Toys R Us mascot

Employees at the Boynton Beach, Florida, store made their frustrations known by hanging signs around the store and protesting outside, WPTV reported . An employee at a Cary, North Carolina, store, who was not authorized to speak on behalf of the company, said the buyer visited the Cary location to purchase toys.

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  • A Florida marketing firm just exposed the details of millions of people
A Florida marketing firm just exposed the details of millions of people

Wired first reported that the data could include individuals phone numbers, home addresses, email addresses, personal characteristics, interests and habits, and the number, age, and gender of the person's children. "The Exactis data leak should enrage consumers and businesses alike". Troia wasn't specifically looking for a leak from the company; h...

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  • Oil jumps as market anticipates US sanctions on Iran
Oil jumps as market anticipates US sanctions on Iran

Trump is trying to exert maximum pressure on Iran while at the same time not upsetting potential USA midterm voters with higher gas prices, said Antoine Halff, a Columbia University researcher and former chief oil analyst for the International Energy Agency.

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  • Oil rises on supply losses, US push to isolate Iran
Oil rises on supply losses, US push to isolate Iran

Members of OPEC and Russian Federation along with other oil producers agreed last week to a modest increase in oil production starting from July, despite Iraq's disagreement with the policy during the talks. OPEC and it's non-OPEC allies met last week to review a pact to cut their combined output by 1.8 million bpd that was put into place at the ...

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  • Instagram Lite quietly launches to find a billion more users overseas
Instagram Lite quietly launches to find a billion more users overseas

Instagram Lite is a small optimised Instagram app which comes in at 537 KB compared to regular Instagram's 32 MB. The app, after all, is carefully chose to pull in even more users to add to its billion-strong roster, especially users in markets with slower Internet speeds and smaller smartphone storage space.

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  • Indian rupee hits record low amid inflation, credit downgrade
Indian rupee hits record low amid inflation, credit downgrade

The Indian rupee ended at 68.79 per dollar on Thursday, after reaching an all time low earlier in the day, reported news agency IANS. The latest bout of weakness has been put down to Indian oil importer buying United States dollars to pay for crude cargoes .

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  • Iran's top leader says harm to economy must be punished
Iran's top leader says harm to economy must be punished

Most of the demonstrations have centered around traders at Tehran's Grand Bazaar . Resolutely opposed to Iran's nuclear programme and its role in Syria's war , Washington is to reimpose economic penalties on Tehran in coming months after quitting an accord in which sanctions were lifted in return for curbs on its atomic work.

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  • Harley-Davidson to shift motorbike production overseas over European Union tariffs
Harley-Davidson to shift motorbike production overseas over European Union tariffs

Harley, which sold almost 40,000 motorcycles in Europe previous year, said it planned to absorb those costs rather than pass them onto customers and risk hurting sales. Mr. Trump seemed to suggest this was a possibility, tweeting, "If they move, watch, it will be the beginning of the end". Brussels imposed tariffs on a range of US-made products...

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  • Trumped revved up over Harley Davidson
Trumped revved up over Harley Davidson

The company sold 39,773 motorcycles in Europe last year and if they didn't shift production, they would lose $45 (€38.6) million this year due to the increased tariffs. Union officials have said those jobs are going to Thailand. According to Harley-Davidson, the move "is not the company's preference, but represents the only sustainable option t...

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