Trade War Spin In addition to announcing that it will respond to U.S. tariffs with more duties on American goods, Chinese Commerce Minister Zhong Shan said:
China can achieve “high-quality” economic growth despite the toll exacted by tariffs - “China always holds on to the belief that bad things can be turned into good things.” “We suggest the U.S. return to rationality and not act impulsively, as it will eventually hurt itself.”
At this juncture, the evidence appears to be to the opposite. A New Trade Era Ahead Either to be the opposite of Donald Trump or out of recognition that losing the North American market would be harmful, there is more political support for NAFTA now than before...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
