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Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement – Economics Bitcoin News

Summary by Bitcoin.com

The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market, driving these imbalances. Secondary Tariff Announcement Prompts Steep Venezuelan Bolivar Drop […]

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LewRockwell.com

Far Right

The Arbitrary Nature of The Tariff Regime

Tariffs are very risky business. They’re like playing with fire. We run into the same unsolvable problem that we have with The Fed. They don’t know what interest rates should be. It’s all arbitrary. In the same way, the president doesn’t know what the price of cars, or lumber, or any other product should be. While the president is not literally price-fixing like the Fed, he is arbitrarily interfering with market prices and trade. Our inescapable…

3 days ago

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Caribbean News Global

China rejects US ‘Tariff War’ on Venezuela amidst decline in PDVSA oil shipments - Caribbean News Global

India’s Reliance Industries will reportedly suspend Venezuelan crude imports following Trump’s “secondary tariffs” announcement. By Andreína Chávez Alava CARACAS, (venezuelanalysis.com) – China criticized the Trump administration’s “tariff war” after a recent threat to impose 25 percent “secondary tariffs” on goods from countries that purchase Venezuelan oil and gas. “We urge the United States to cease its interference in Venezuela’s internal af…

2 days ago

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