Gold Silver Reports (GSR) – Trump’s ‘Art of the Deal’ Tactics Face Ultimate Test With China — In his 2nd year as president, Trump has moved to deliver on election promises to crack down on countries he accuses of unfair trade practices. The U.S. has imposed-tariffs on steel-imports, renegotiated its trade deal with South-Korea and proposed sweeping duties on Chinese products. The hawkish turn has raised concerns among investors of an escalating trade war that undermines the broadest global growth in years.
Donald Trump
15 Die When Truck, Hockey Team Bus Collide
Gold Silver Reports (GSR) – 15 Die When Truck, Hockey Team Bus Collide — The bus had 29 passengers, including the driver, when it crashed at about 5 p.m. on Highway 35, police said. Among the dead are Broncos head coach Darcy-Haugan, team captain Logan Schatz and radio announcer Tyler Bieber. Authorities earlier said three were in critical-condition but later provided an update to say that 15 have now died.
U.S.-China Tensions Simmer While Both Say There’s No Trade War
Gold Silver Reports (GSR) – U.S.-China Tensions Simmer While Both Say There’s No Trade War — Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council. “We haven’t yet given China a list of demands on what we want,” Kudlow told reporters later on Friday at the White House. “We haven’t done that but such a list is under discussion.”
Asia Stocks Mixed on New Trade Move
Gold Silver Reports (GSR) – Japanese shares fluctuated, while South Korean equities drifted. Futures on the S&P 500 Index declined following three days of gains for the underlying cash index that were driven in part by comments from White House officials indicating talks were in the offing between the world’s top two economies. Chinese markets are shut for a holiday. Crude oil prices dropped and gold rose. Treasuries recovered from recent losses.
Gold Seen Rising as Canadian Miner Eyes Lack of Exploration
Gold Silver Reports (GSR) – Gold Seen Rising as Canadian Miner Eyes Lack of Exploration – “Gold has a much higher probability of moving north as opposed to south,” Letwin said in an interview at a mining conference in Hong Kong on Thursday. “I’ve been around a long time; when you’re in an industry that’s not replacing what it produces, eventually, the Gold price has to move up.”
Trump Bid to Move `Hellhole’ Embassy Sunk by Architectural Icon
Gold Silver Reports (GSR) – Trump Bid to Move `Hellhole’ Embassy Sunk by Architectural Icon — The Belgian capital has taken action to block Washington’s plan to move the U.S. embassy from its current downtown location near Russia’s mission to a bucolic neighborhood adjacent an 11,000-acre forest on the city’s southern outskirts. The point of contention? The new building is too celebrated for what the Americans have planned for it.
Trump Says He May Delay South Korea Trade Deal Until North Korea Is Resolved
Gold Silver Reports (GSR) – Trump Says He May Delay South Korea Trade Deal Until North Korea Is Resolved — “I may hold it up until after a deal is made with North Korea,” Trump said Thursday during a speech in Richfield, Ohio. “You know why? Because it’s a very strong card and I want to make sure everyone is treated fairly and we’re moving along very nicely with North Korea.”