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Chinese tariffs and now Mexican tariffs — could take them two steps back

Mexican tariffs Estimates from the Tax Foundation, said that while the Trump administration’s 2017 tax cuts created about 380,000 full-time equivalent jobs, adding tariffs on Mexican products to the existing tariffs on Chinese goods could eliminate almost 610,000 full-time equivalent jobs from the U.S. workforce. By itself, a 5% tariff on Mexican goods could drain off approximately 39,000 full time equivalent jobs, the Tax Foundation said in an analysis on the heels of the Mexican tariff news. Trump announced plans escalating tariffs against Mexico if the country cannot stop illegal immigration. It’s the latest front in Trump’s trade disputes. The administration has already imposed a 25% tariff on $200 billion in Chinese imports. China is coming back with retaliatory tariffs on $60 billion of American imports. Researchers and business groups say companies and consumers are the real victims. America imported $346.5 billion in products from Mexico last year, acc...

The UK’s markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value. The Financial Conduct Authority (FCA) said products such as derivatives and exchange-traded notes (ETNs) that reference crypto-assets were “ill-suited” to small investors. It cited their “extreme volatility”, the difficulty in valuing them, consumers’ patchy understanding of what they were buying and the increased risk of financial crime. Investors might “suffer harm from sudden and unexpected losses if they invest in these products”, the FCA said, estimating that a ban would benefit consumers to the tune of between £75m and £234.3m a year. Source: Theguardia n

Poland Bitcoin Transaction Subject to a Flat 1% Economic Tax Levy. Polish Finance Ministry has now brought into effect an all new law that requires every cryptocurrency transaction to be subject to a flat 1% economic tax levy. the government also requires cryptocurrency traders and holders to pay an additional income tax between 18% – 32% on their altcoin savings. This has caused outrage within the national crypto-community and many traders helpless since the Polish tax season is now coming to a close, requiring all citizens to file their federal taxes by April 30.

Johnson & Johnson’s single-dose COVID-19 vaccine it could represent a game changer and it could ensure we are vaccinated at a faster pace Johnson & Johnson (JNJ) started shipping its COVID-19 vaccine early this week and looing to increase supply fast. Johnson and Johnson’s vaccine is reported 72% in preventing moderate-to-severe COVID-19 in the U.S. Source: https://finance.yahoo.com/news/johnson-and-johnson-single-dose-vaccine-is-absolutely-a-game-changer-vaccinations-to-pick-up-171204467.html

Down trend broken, wait for price action for a long run. Waiting for price action Down trend broken, wait for price action for a long run. 1 st Target : 0.98000 _ RRR : 1 : 1 2 nd Target: 0.98835 _ RRR : 1 : 2.16 Alternative scenario , Sellers will keep pressure and down trend will resume. In this case we are looking in entry`s around 0.96830 . Target : 0.95888 _ RRR : 1: 1.52 AUD/CAD Daily Chart

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Change took into account the first deadline of Brexit, March 29 Despite the impasse in approving the Brexit agreement, the UK government started this week to issue passports without the name of the European Union on the cover. The new documents had been prepared on the basis of the first deadline set for the country's departure from the bloc, March 29, which was changed to April 12 and now, at the request of Prime Minister Theresa May, it can be extended to 30 June. The Interior Ministry, however, has explained that it will continue issuing the old passports until the end of the inventory. The document is to undergo a further change in late 2019, with the gradual return of the blue color used in the UK to 1988, rather than the red that characterizes EU passports. May is attempting a further postponement of Brexit due to the lack of approval of the "divorce" agreement by the British Parliament, which has already rejected the text on three occasions and also re...

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The British government launched last Saturday a system created to register the stay of EU citizens living in the United Kingdom, The process is free, and the application is time at least until December 2020. To obtain the status of a settled status, you will need to prove that you have been in the United Kingdom for at least six months in each of these years in the last five years. Otherwise, the person submitting the application will receive a temporary pre-settled status, which can be changed after fulfilling the five-year requirement. If London agrees with Brussels regarding the conditions for leaving the Community, EU citizens will have until the end of June 2021 to register in the new system. In the case of hard Brexit, this time would be shortened until the end of December 2020. Initially, the registration in the system was 65 pounds (32.50 pounds for a child), but from Saturday, the earlier political announcement of Prime Minister Theresa May...

Chinese tariffs and now Mexican tariffs — could take them two steps back

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