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  1. #1
    I Am Rocking Now

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    Default Currency bill approved in House

    Currency bill approved in House

    The bill is a “warning shot to the Chinese,” said Robert Scott, senior international economist at the Economic Policy Institute, a labor-focused Washington think tank. He said that if China does not respond to the bill then tougher measures would be needed, such as a 25% across-the-board tariff.

    Democrat Charles Schumer of New York said he plans to push the Senate to move forward with currency-manipulation legislation during the lame-duck session following the November election.
    Currency bill approved in House - MarketWatch

    Trade war this won't be good. Which one of us will fall victim in the process.

  2. #2
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    Default Re: Currency bill approved in House

    Sen. Blanche Lincoln, chair of the Senate Agriculture Committee, says a move by China to finalize high duties on poultry imported from the U.S. is likely to lead to heightened tension between the two countries.
    Top 2 on Senate Ag panel lament move by China - BusinessWeek

  3. #3
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    Default Re: Currency bill approved in House

    Brazilian Finance Minister Warns of ‘International Currency War’

    The advanced countries are seeking to devalue their currencies” in order to increase exports, he said, naming the United States, Europe and Japan in what he depicted as an intensifying trade competition, reports Reuters.
    ICTSD • Brazilian Finance Minister Warns of ?International Currency War?

    Your being taken down in order to compete. Soon we will have plenty of work as a third world country

  4. #4
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    Default Re: Currency bill approved in House

    BLOG
    Is the world in a trade war?

    Protectionism has been the worst nightmare of policymakers since the earliest days of the financial crisis. It has become an article of faith among economists that protectionist policies during the 1930s exacerbated the Great Depression, and everyone knows full well that adopting similar practices today would have the same disastrous impact on the Great Recession. But we have to ask if the world's leaders are repeating the same mistakes anyway. Guido Mantega, Brazil's Finance Minister, thinks we are. In comments earlier this week, Mantega declared that the world is already involved in "a trade war and an exchange rate war," which would force Brazil to take action to defend its own economic interests.
    Read more: Is the world in a trade war? - The Curious Capitalist - TIME.com

 

 

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