trade (8)

First, let me introduce to you what is Libra. On June 18th, 2019, Facebook has officially announced its cryptocurrency which is Libra and this cryptocurrency can be used for buying things and sending money to people with nearly zero fees.

The project Libra is managed by Libra association which is an organization founded by Facebook's subsidiary Calibra and other 27 companies.

Nowadays we can see that blockchain technology is trending a lot also in this era we can see that a single company can beco

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Student's Opinion/Summary: 

The article is a reminder that the United States, under the Trump Administration, is playing closer to an isolationist strategy than as a global leader and promoter of trade in recent decades. The article ends with the already high tariff talley US has imposed on China ( that is only going to increase 25% beginning Jan. 1, 2019) The article also goes on to talk about how Trump is not willing to even talk to President Xi about trade if they don't "respond to our asks,"

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Apple Caught in Trade War

Anthony DiCioccio

Capstone 1

Week 4 Event


            Apple, the Goliath of the technological community has found itself in the middle of an international trade war between China and the US. Last week the Trump administration announced its plan to impose a ten percent tariff on all goods imported from China, creating two hundred billion dollars in revenue. It plans to raise the tariff to twenty-five percent by the end of the year, which is bad news for Apple. The company designs its produ

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Irish hard border problem - Brexit

             One of the main talking points of the Brexit is to avoid a hard border between Republic of Ireland and Northern Ireland. The EU presented a draft divorce deal to the UK which Theresa May has come out to categorically oppose saying “No UK prime minister would accept this deal”. According to the legal proposal in the draft treaty, Northern Ireland will form a “common regulatory area” with the Republic of Ireland and will have to follow the EU’s rules and rates on customs, sales tax, s

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On March 1, 2018, President Trump announced that he will be imposing tariffs on imported steel and aluminum, 25% and 10% respectively. This has rattled financial markets and fueled fear into investors. His announcement has also triggered threats of retaliation from trading partners like Canada and cause a decrease in the stock market. Canada being one of the biggest suppliers of steel and aluminum to the United States, said it would retaliate if hit by U.S tariffs. Any progress that was accompli

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I have been reading some articles about regional economic integration and I do believe that it helps the globe with trade. The issues that really stood out with regional economic integration was having one currency between the countries that are trading. When Greece had their financial crisis recently they had a hard time trying to bail out, because they were using the Euro as their official currency. Using the Euro did not help, because Greece could not have any say in their monetary policy, wh

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Jones Act is Strangling Puerto Rico

Free Puerto Rico, America’s Colony (New York Times)

The US shipping industry is putting a multi-million dollar squeeze on Puerto Rico (Business Insider)

Puerto Rico has been a US territory since 1898 when it was acquired from Spain. In 1920 the United States imposed the Merchant Marine Act (also known as Jones Act) which required any import (foreign food, goods, etc.) to enter the island in an American vessel. While foreign may directly enter the island, they must pay many import taxes which end

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