Hope you’re having a fantastic day so far. Writing to you today from sunny Amsterdam where I will be attending the Blockchain Expo over the next two days.
Today, I will be making good on a debt that is owed…
Today’s Highlights
Traditional Markets
So far, the protectionist policies of Donald Trump have yet to hurt the international markets too badly, although this week has certainly been an exception to that.
Trump’s announcement that he is considering a limit on Chinese investment in the USA tech firms, as highlighted in yesterday’s market update, seems to have caused some tension within his own cabinet.
Treasury Secretary Steven Mnuchin has apparently downplayed the possibility of these investment controls but Trump’s Trade Advisor Peter Navarro was quick to rebuff by saying that America needs to be tough on China.
Tech stocks in the United States have been the worst hit as the Nasdaq declined more than 2%. Asian and European stocks are also feeling the losses so far today.
Riding the Hog
In war, there are no winners. Even though Donald Trump has made some progress in showing how “unfair” trade has been so far, yesterday he took a big blow when this headline hit the news cycle…
The European Union has reportedly raised the tariffs on America’s iconic bike maker from 6% to 30% in response to Trump’s new policies, which is causing the motorcycle maker to take their show on the road.
Shares in Hog where hit hard yesterday.
Trump supporters were quick to point out that the company was already in the midst of restructuring their production methods and that the timing here is simply a matter of convenience.
Still, the Financial Times reports that…
Crypto Eyes on Argentina & Iran
