The threat Turkey’s crisis poses to the world

Turkey is just the latest developing economy to plunge into chaos. The Turkish lira has shed more than 40% since January, while the country’s stock market has been cut in half. The turmoil follows a similar currency crash in Argentina that led to a rescue by the International Monetary Fund. In recent days, the Russian
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Trade conflicts are nothing new in U.S. economic history, and they invariably go through the same tired cycle. Initially the United States intended to limit competition and bulwark its economy, but quickly ended up damaging the wider economy. The Great Depression of the 1930s is a perfect case in point. Under economic pressure, President Herbert
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China’s steel futures pulled back after hitting their highest level since 2013 on Wednesday as news that the United States could slap higher tariffs on $200 billion of imported Chinese goods halted a rally that pushed prices 10 percent last month. But traders say Beijing’s sustained campaign to curb industrial production, including steel, to fight
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Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc (WMT.N) and Amazon.com (AMZN.O) face uncertainty due to U.S. President Donald
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The Chinese yuan skidded toward an 11-month low and the Australian dollar fell on Wednesday after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict. The most traded currencies, the U.S. dollar and euro, were largely unmoved though the single currency was the weaker while
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Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress energy demand. The spectre of tariffs on a further $200 billion of Chinese goods sent commodities lower along with stock markets, as tension between the world’s biggest economies intensified. Benchmark Brent
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GENEVA: Trade barriers being erected by major economies could jeopardize the global economic recovery and their effects are already starting to show, the World Trade Organization said in a report on trade restrictions among G20 nations. “This continued escalation poses a serious threat to growth and recovery in all countries, and we are beginning to
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Tirupur Exporters’ Association (TEA) has stressed the need to enter into Free Trade Agreements (FTA) with European Union, USA, the UK and Russia, to face the Chinese threat in export markets. In a memorandum submitted to Union Textile minister, Smriti Irani in New Delhi, the association said though garment exports from China had been declining
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