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Trump's trade math baffles economists
Trump's trade math baffles economists
Business and Economy
by  AFP

Trade economists were scratching their heads on Thursday at the formula used by the White House to measure trade imbalances and inflict punishment on all its global trading partners. Following Trump's trade philosophy, the formula takes a country's trade deficit with the US as evidence of unfairness.

Wall St leads rout as world reels from Trump tariffs
Wall St leads rout as world reels from Trump tariffs
Business and Economy
by  AFP

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious. The White House said Russia was spared because it is already under sanctions over its war in Ukraine which "preclude any meaningful trade."