Another great reason to drink ORGANIC, Fair Trade coffee: It decreases your risk of heart disease

Image: Another great reason to drink ORGANIC, Fair Trade coffee: It decreases your risk of heart disease

(Natural News)
A 16-year-long multinational cohort study concluded that moderate consumption of coffee decreased the risk of developing heart disease, regardless of its preparation. Authors of the study concluded that adults who consumed three cups of freshly-brewed coffee were less likely to die of stroke or any form of liver or heart disease. Men showed an 18 percent reduced risk and women displayed an eight percent reduction. Interestingly, this effect was evident across all preparation levels, be it decaffeinated or not. This prompted the researchers to conclude that there are other factors apart from coffee drinking that could be playing a role in overall health.

Scientists from the International Agency for Research on Cancer (IARC) studied the potential relationship coffee consumption may have on mortality on around half a million adults aged 35 and over across 10 European countries for around 16 years. Each year, participants were questioned on their diet, general lifestyle, and caffeine habits. External factors were statistically adjusted for, including behaviors such as smoking and exercise. The team found that, contrary to popular belief, consuming three cups of coffee daily proved beneficial to overall health. Adults who drank coffee were found to be generally healthier, although the researchers could not determine whether this was because of the coffee itself.

Marc Gunter, who led the study, said on BusinessInsider.com, “these results were similar across all of the 10 European countries, with variable coffee drinking habits and customs. Our study…offers important insights into the possible mechanisms for the beneficial health effects of coffee.”

The researchers found that while coffee drinkers tended to be younger, smokers, alcohol drinkers, and consumed more red meat with less fruits and vegetables, they also displayed healthier livers and glucose function. This meant that regular coffee drinkers were better able to process sugar in their body compared to non-coffee drinkers.

“We found that drinking more coffee was associated with a more favorable liver function profile and immune response,” Gunter added. “This, along with the consistency of the results with other studies in the U.S. and Japan, gives us greater confidence that coffee may have beneficial health effects.”

This new study builds on previous research on the health benefits of coffee. Another study published in the Annals of Internal Medicine indicated that consuming a few cups of coffee every day decreased the risk of death, regardless of ethnicity. Consuming one cup of coffee a day lowered the risk by 12 percent while drinking two to three cups a day decreased chances of natural death by 18 percent.

Veronica Setiawan co-authored this study and told TheGuardian.com, “we found that coffee drinkers had a reduced risk of death from heart disease, from cancer, from stroke, respiratory disease, diabetes, and kidney disease.” (Related: Natural coffee compound can prevent Alzheimer’s disease progression.)

For both studies, it was concluded that coffee needed to be fresh and organic in order to receive the full health benefits. Ground, instant coffee would not provide the same effects, as most of these are filled with processed sugar. Another general conclusion for both studies is that more research needs to be made to truly determine the impact coffee has on health. Setiawan cautioned in her report, “this is an observational study. We cannot say, OK, [if] you drink coffee it is going to prolong your life.”

This was supported by Gunter, who said, “I wouldn’t recommend people start rushing out drinking lots of coffee, but I think what [our new study] suggests is that drinking coffee certainly does you no harm. It can be part of a healthy diet.”

Read more stories like this when you visit Nutrients.news.

Sources include:

TheGuardian.com

BusinessInsider.com

Annals.org 1

Annals.org 2

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Source Article from http://www.naturalnews.com/2017-07-19-organic-fair-trade-coffee-decreased-risk-heart-disease.html

Russia & China Declare All Out War on US Petrodollar — Prepare for Exclusive Trade in Gold

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The formation of a BRICS gold marketplace, which could bypass the U.S. Petrodollar in bilateral trade, continues to take shape as Russia’s largest bank, state-owned Sberbank, announced this week that its Swiss subsidiary had begun trading in gold on the Shanghai Gold Exchange.

Russian officials have repeatedly signaled that they plan to conduct transactions with China using gold as a means of marginalizing the power of the dollar in bilateral trade between the geopolitically powerful nations. This latest movement is quite simply the manifestation of a larger geopolitical game afoot between great powers.

According to a report published by Reuters:

Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars sold to local financial institutions, the bank said.

Sberbank plans to expand its presence on the Chinese precious metals market and anticipates total delivery of 5-6 tonnes of gold to China in the remaining months of 2017.

Gold bars will be delivered directly to the official importers in China as well as through the exchange, Sberbank said.

Russia’s second-largest bank VTB is also a member of the Shanghai Gold Exchange.

To be clear, there is a revolutionary transformation of the entire global monetary system currently underway, being driven by an almost perfect storm. The implications of this transformation are extremely profound for U.S. policy in the Middle East, which for nearly the past half century has been underpinned by its strategic relationship with Saudi Arabia.

THE RISE & FALL OF THE PETRODOLLAR

The dollar was established as the global reserve currency in 1944 with the Bretton Woods agreement, commonly referred to as the gold standard. The U.S. leveraged itself into this power position by holding the largest reserve of gold in the world. The dollar was pegged at $35 an ounce — and freely exchangeable into gold.

By the 1960s, a surplus of U.S. dollars caused by foreign aid, military spending, and foreign investment threatened this system, as the U.S. did not have enough gold to cover the volume of dollars in worldwide circulation at the rate of $35 per ounce; as a result, the dollar was overvalued.

America temporarily embraced a new paradigm in 1971, as the dollar became a pure fiat currency (decoupled from any physical store of value), until the petrodollar agreement was concluded by President Nixon in 1973.

The quid pro quo was that Saudi Arabia would denominate all oil trades in U.S. dollars, and in return, the U.S. would agree to sell Saudi Arabia military hardware and guarantee the defense of the Kingdom.

A report by the Centre for Research on Globalalization clarifies the implications of these most recent moves by the Russians and the Chinese in an ongoing drive to replace the US petrodollar as the global reserve currency:

Fast forward to March 2017; the Russian Central Bank opened its first overseas office in Beijing as an early step in phasing in a gold-backed standard of trade. This would be done by finalizing the issuance of the first federal loan bonds denominated in Chinese yuan and to allow gold imports from Russia.

The Chinese government wishes to internationalize the yuan, and conduct trade in yuan as it has been doing, and is beginning to increase trade with Russia. They’ve been taking these steps with bilateral trading, native trading systems and so on. However, when Russia and China agreed on their bilateral US$400 billion pipeline deal, China wished to, and did, pay for the pipeline with yuan treasury bonds, and then later for Russian oil in yuan.

This evasion of, and unprecedented breakaway from, the reign of the US dollar monetary system is taking many forms, but one of the most threatening is the Russians trading Chinese yuan for gold. The Russians are already taking Chinese yuan, made from the sales of their oil to China, back to the Shanghai Gold Exchange to then buy gold with yuan-denominated gold futures contracts – basically a barter system or trade.

The Chinese are hoping that by starting to assimilate the yuan futures contract for oil, facilitating the payment of oil in yuan, the hedging of which will be done in Shanghai, it will allow the yuan to be perceived as a primary currency for trading oil. The world’s top importer (China) and exporter (Russia) are taking steps to convert payments into gold. This is known. So, who would be the greatest asset to lure into trading oil for yuan? The Saudis, of course.

All the Chinese need is for the Saudis to sell China oil in exchange for yuan. If the House of Saud decides to pursue that exchange, the Gulf petro-monarchies will follow suit, and then Nigeria, and so on. This will fundamentally threaten the petrodollar.

According to a report by the Russian government media, significant progress has been made in promoting bilateral trade in yuan, between the two nations, as the first step towards an even more aambitiousplan—using gold to make transactions:

One measure under consideration is the joint organization of trade in gold. In recent years, China and Russia have been the world’s most active buyers of the precious metal.

On a visit to China last year, deputy head of the Russian Central Bank Sergey Shvetsov said that the two countries want to facilitate more transactions in gold between the two countries.

In April, Sberbank expressed interest in financing the direct import of gold to India—also a BRICS member. Make no mistake that a BRICS gold marketplace could be used to bypass the dollar in bilateral trade, and undermine the hegemonic control enjoyed by the US petrodollar as the global reserve currency.

“In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today,” according to strategic risk consultant F. William Engdahl.

Russia and China are now creating a new paradigm for the world economy and paving the way for a global de-dollarization.

“A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed Renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money,” Engdahl concludes.

Source Article from http://thefreethoughtproject.com/russia-china-petrodollar-gold/

Globalization Report Identifies Key Geographic Trade Centers









 







The United States, Asia and Europe were three production centers in the global value chain for bulk trade of parts, a report said on Monday.

Released by the World Bank, the World Trade Organization and the Organization for Economic Co-operation and Development, the report aimed to provide solutions to uneven distribution under economic globalization, as well as to provide suggestions for developing countries to benefit from globalization.

The Chinese mainland, Japan and South Korea were deeply involved, along with Germany, the report said.

The report said geological location was a crucial factor in the big role those countries played in the global value chain.

All the developing economic entities, apart from the Chinese mainland, were on the outskirts of the three centers. And they tended to establish trade with the center most close to them geologically, according to the report.

However many developing economies barely participated in the global production network or value chain, including countries in Africa, which are far from any of the centers above, it said.

Trading cost, instead of tax, was the biggest barrier for developing economies to participate in the value chain, the report said.

Transportation expenses, insurance premium and other charges related with cross-border business were higher than any existing import tariff, it said.

Source






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5 players the Oakland Athletics should trade this July in order to compete in 2018

It’s a strange season in Major League Baseball, since the Oakland Athletics—with their 38-49 record as of Saturday morning—are 20.5 games out of first place in the American League West Division, yet only seven games out of the final AL playoff spot. But teams have overcome bigger deficits than that in the past to make the postseason: the Kansas City Royals, for example, were ten games behind in the chase for the top 2014 wild-card spot on July 23 that year, and they ended up making it all the way to the World Series.

However, it’s highly unlikely these A’s can pull off that feat, for a few reasons which we don’t need to enumerate here. Suffice it to say, the Oakland roster currently lacks the talent to make such a charge, especially in the starting rotation which currently ranks ninth in the AL with a 4.65 ERA. For comparison, when Oakland made the post-season in 2012, 2013 and 2014, the team posted numbers of 3.80, 3.72 and 3.37, respectively, in the statistical category.

Therefore, in keeping with the tradition of trading away salary and talent before July 31, here are five players we think the A’s should trade by the end of the month in order to come back a better team next season (in alphabetical order):

1. Yonder Alonso, 1B: It’s great that he made his first All-Star Game at age 30, but Alonso is having the season of his career with 19 home runs, 42 RBI and a .935 OPS, currently. Making just $4 million this year, he’s cheap enough to trade and playing well enough to bring a nice haul back in return. It’s unlikely Alonso will ever play this well again in his career, based on past precedent and statistical realities. This year could turn out to be a fluke in his career, so trade him now while his value is highest, Oakland front office. 

2. John Axford, RP: Yes, what team would actually take this guy in a trade? First, bullpen depth is always valued for teams charging toward a postseason berth, and Axford has closing experience (144 career saves). That is valuable to a contending team, even if he isn’t pitching well right now (5.95 ERA this year). His career 10.2 strikeouts-per-nine-innings-pitched mark still has weight, so all the A’s need is some desperate team to take a chance on Axford as his modest contract comes to an end this season. Anything in return is a plus for Oakland.

3. Santiago Casilla, RP: This was a bad signing for the A’s to begin with, and, like Axford, the Oakland “closer” isn’t pitching well in 2017 (as his 1.344 WHIP demonstrates) despite past success elsewhere. Again, bullpen depth has value at the trade deadline, and Casilla is owed about $8.5M through the end of 2018. That’s nominal for most contending teams to absorb for a guy with World Series experience (three rings with the San Francisco Giants and a 0.92 postseason ERA in 19 2/3 innings), even if he’s turning 37 later this month. Oakland still would have Sean Doolittle and Ryan Madson on hand to save games for the club, as well. Both are better pitchers when healthy and signed through 2018, as well.

4. Rajai Davis, OF: After being a postseason hero for the Cleveland Indians last year, Davis just hasn’t played enough (or well) in Oakland this year. He has obvious value, however, for any team in the postseason, with his unique power/speed combination off the bench. Davis stole a career-best 43 bases last season in Cleveland, but the A’s just haven’t utilized him much this year (14 SBs in only 68 games). Oakland can get some prospects in return for Davis, who might end up in Cleveland again since clearly Indians Manager Terry Francona knows how to use him best. 

5. Jed Lowrie, IF: Lowrie can play every infield position if need be, as he has played them all in his career. There are rumors Boston may be interested in him to play third base, for example, although he’s only played second this year in Oakland. Lowrie’s contract is on the higher side, but he’s a veteran presence that can be valuable for any postseason contender. Hitting over .270 in 2016-17 with the A’s has restored his credibility, too, after a few down years (2014-15) where he struggled to hit .240 combined. Oakland has replacements ready made in the infield already, as well, so the team won’t miss him.

Source Article from https://www.axs.com/5-players-the-oakland-athletics-should-trade-this-july-in-order-to-com-120703

5 players the San Francisco Giants should trade this month in order to compete in 2018

The Major League Baseball All-Star Game is almost here, and the San Francisco Giants are 24 games out of first place. It’s been 20 years since a Giants squad finished that far out of the National League West Division lead, and there next to no chance S.F. will recover in the second half to achieve the biggest miracle comeback in MLB history. Thus, the team needs to start thinking about next season right now, and that involves trading away players from this team to prepare for 2018.

It’s a solid tradition these days in baseball to trade away veterans before the July 31 non-waiver trade deadline, and the Giants have several players they can trade away to save money, recoup talent and reload for next season. No team overcomes a 20-plus game deficit in the standings, so San Francisco can start now to prepare for another #evenyear postseason chase next summer.

Here are the players the Giants should trade before July 31, in alphabetical order.

1. Brandon Belt, 1B/OF: The team foolishly signed him to a long-term contract to a $72.8-million contract before this season that lasts until 2021, and that was way too much money to pay a guy with no Gold Gloves and no 20-homer seasons who is now hitting just .236 this year. He’s never driven in 100 runs or hit .300, so it’s kind of hard to understand why the Giants gave him so much money. The contract makes him hard to trade, but another team might take a chance on the 29-year-old Belt if they need an extra bat due to injury, etc., down the stretch as it tries to reach the World Series. If S.F. can dump that contract, you have to believe the organization would jump at the chance.

2. Johnny Cueto, SP: Last year, Cueto was brilliant. This year, not so much. At age 31 now, Cueto is giving up more hits, more HRs and more walks than last year, and his contract means the Giants still will owe him about $84M by 2021, as well. Yikes! He has an undeserved reputation as a playoff stud (thanks to one complete-game win in the 2015 World Series), so perhaps some team close to the ring itself could roll the dice on his talent returning in time for October. Strangely, Cueto himself has the option to exit the deal after the 2017 season, but considering his sharp decline this year, that doesn’t look like a reality that will happen anytime soon. Like Belt’s deal above, the Giants should leap at the chance to shed this albatross of a contract.

3. Eduardo Núñez, UTL: He has two key skills that appeal to almost any postseason contender, and he will be a free agent next season as well. Núñez can steal bases (30 since joining the Giants last summer in a midseason deal), and he can play five positions (albeit none of them really well). That flexibility and versatility comes in handy in the playoffs, as super-utility man Ben Zobrist has proven in winning two straight rings now with the Kansas City Royals and the Chicago Cubs last year. Núñez has been hurt this season a few times, but the Giants should able to move him readily for some prospects in return.

4. Joe Panik, 2B: We’re not sure how many teams are in the market for a light-hitting second baseman, but Panik has value as a former All-Star selection who used to hit .300 when he was younger. He won a Gold Glove last year, despite finishing just fifth in both assists and range factor for NL second basemen. Panik would be a good late-inning defensive replacement for a team with power-hitting 2B that cannot field well, but on the Giants these days, he’s little but slap hitter at the plate (.254 average, .389 slugging since the start of the 2016 season). He is still cheap, so it’s not about the money. In reality, it’s about production. If S.F. wants to compete, they need a player at the keystone that can play both ways well.

5. Jeff Samardzija, SP: The Shark has jumped himself in San Francisco. The possessor of yet another terrible contract awarded by the Giants in recent years, Samardzija is just 16-20 with a 4.07 ERA with S.F. in the time spent by the Bay. The Shark is 32 years old, and the Giants owe him almost $70 million still on a contract that runs through 2020. Like Cueto, perhaps some team out there will take a chance on Samardzija, based on past performance, although he hasn’t had a truly stellar season since 2014. Shedding the contracts of Belt, Cueto and Samardzija would free up so much free salary space that the Giants could go shopping for real this winter to reload for 2018 and their #evenyear magic.

Source Article from https://www.axs.com/5-players-the-san-francisco-giants-should-trade-this-month-in-order-to-120683

A ‘power-down’ took place in the World Trade Center just days before 9/11 attacks

MANHATTAN (INTELLIHUB) — A highly unusual and out of the ordinary electrical system power-down took place in the World Trade Center’s South Tower just days before the attacks which occurred on Sept. 11, 2001, possibly allowing for the placement of explosives in the building.

A Senior Database Administrator named Scott Forbes worked in the South Tower at the time and has confirmed, on record, that there was, in fact, a power-down that occurred and was witnessed by many.

“There was a power-down in the South Tower on the weekend of the 8th and 9th of September. […] I worked on it. I was in the tower at the time so I know for a fact it occurred, along with many colleagues,” he said.

Related Special Report:

WTC South Tower powered down for 36 hours just days before attack, security deactivated on floors 50 and up, many suspicious workers seen coming and going during blackout

Via Intellihub

Featured Image: Luigi Rosa/Flickr
©2017. INTELLIHUB.COM. All Rights Reserved.

Shepard Ambellas is an opinion journalist, analyst, and the founder and editor-in-chief of Intellihub News & Politics (Intellihub.com). Shepard is also known for producing Shade: The Motion Picture (2013) and appearing on Travel Channel’s America Declassified (2013). Shepard is a regular contributor to Infowars. Read more from Shep’s World. Follow Shep on Facebook and Twitter.

Source Article from https://www.intellihub.com/a-power-down-took-place-in-the-world-trade-center-just-days-before-911-attacks/

Capitals trade Marcus Johansson to Devils

The Washington Capitals traded Marcus Johansson of Landskrona, Sweden on Monday to the New Jersey Devils for a second round draft pick and a third round draft pick in the 2018 National Hockey League Entry Draft. The Devils received the Florida Panthers second round draft pick in a trade that also saw New Jersey acquire the rights to Marc Savard on June 10, 2016. The Devils received the Toronto Maple Leafs third round draft pick on July 23, 2015 in compensation for the Maple Leafs hiring Hockey Hall of Famer Lou Lamoreillo of Johnston, Rhode Island as their general manager. 

This past season, Johansson had the best season of his National Hockey League career. He set career highs in goals (24), assists (34), points (58) and plus/minus (+25). Johansson also had 10 penalty minutes, five power play goals, 19 power play points, five game winning goals, 129 shots on goal, 13 faceoff wins, 32 hits, 22 blocked shots, 40 takeaways and 48 giveaways. 

Johansson has played the last seven seasons with the Capitals. In 501 career games, he has 102 goals and 188 assists for 290 points. He was the Capitals’ first round draft pick, 24th overall, in the 2009 National Hockey League Entry Draft. 

Source Article from https://www.axs.com/capitals-trade-marcus-johansson-to-devils-120592

BBC would rather see Britain fail than Brexit succeed – trade secretary

In a blistering attack on the state broadcasting corporation, Fox said there are certain sectors in Britain’s media industry that are so skewed against Brexit that they would prefer to see the country sink into crisis.

Responding to a question by Tory MP Nigel Evans about the negative coverage of Brexit, Fox said: “It does appear that some elements of our media would rather see Britain fail than Brexit succeed.

“I cannot recall a single time in recent times when I have seen good economic news that the BBC did not describe as ‘despite Brexit,’” he told the Commons on Wednesday.

Labour MP Barry Sheerman blasted Fox’s comments against the BBC.

“This frontbench team must know that this silly attack on the BBC cannot be used as an excuse for policy,” said Sheerman.

“He is living in cloud cuckoo land. They think he is not competent and they want his resignation.”

It comes a day after a cross-party group of MPs met with the BBC’s head of news, James Harding, to agree a new set of guidelines to ensure the corporation’s coverage is “impartial.”

One MP who attended the meeting told the Sun: “This was about how we make sure there is a more positive light put on Brexit over the next two years.

“The main thing is looking for a code of practice or new guidelines to ensure that the BBC is impartial.”

Pro-Brexit Tory backbencher Jacob Rees-Mogg MP said: “The BBC was good prior to the referendum — but it has been extraordinarily bad afterwards.”

Following the meeting, however, the BBC said it stays “committed to covering developments in a fair and impartial manner.”

The BBC has faced criticism since the EU referendum last year over its supposedly anti-Brexit stance.

In March, 70 MPs from across the political spectrum accused the corporation of undermining Brexit negotiations and portraying Britain as a “xenophobic” country.

They wrote to the corporation’s director-general, Lord Hall, telling him the BBC should snap out of its pessimism.

Foreign Secretary Boris Johnson has previously called the BBC’s coverage “infuriating” and “shamelessly anti-Brexit.”

In June, Tory MP Andrea Leadsom expressed a similar sentiment in a BBC Newsnight interview, in which she said journalists could help the Brexit cause by being more “patriotic” in their reporting.

“Of course it’s early days. It would be helpful if broadcasters were willing to be a bit patriotic,” she said.

“The country took a decision. This government is determined to deliver on that decision.”

Source Article from https://www.rt.com/uk/395475-liam-fox-bbc-brexit/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

Wild and Sabres have blockbuster NHL trade

The Minnesota Wild and Buffalo Sabres had a blockbuster trade in the National Hockey League on Friday. The Wild traded Jason Pominville, Marco Scandella and a fourth round draft pick in the 2018 National Hockey League Entry Draft for Tyler Ennis, Marcus Foligno and a third round draft pick in the 2018 National Hockey League Entry Draft. 

Pominville, a native of Repentigny, Quebec, represents the United States internationally because his mother is American. This past season he had 13 goals and 34 assists for 47 points with the Wild. A right winger, Pominville is returning to the Sabres after playing there from 2003 to 2012. 

A defenseman from Edmonton, Alberta, Scandella had four goals and nine assists for 13 points with the Wild last season. He had played the last seven seasons with Minnesota. 

Foligno, a left winger from Buffalo, New York, represents Canada internationally because his father Mike is Canadian. This past season he had 13 goals and 10 assists for 23 points. He had played the last six seasons in Buffalo.  

Like Scandella, Ennis is a native of Edmonton. A left winger, he had five goals and eight assists for 13 points. He had played the last eight seasons in Buffalo. 

Source Article from https://www.axs.com/wild-and-sabres-have-blockbuster-nhl-trade-120456

Trump “overrules” cabinet, prepares to unleash trade war

While one of Trump’s recurring campaign promises was that he would “punish” China and other key US trade counterparties if elected, for taking advantage of free-trade by imposing steep tariffs and duties on foreign imports to “level the playing field”, the President’s stance changed drastically after the election, U-turning following his amicable meeting with China’s president Xi Jinping in March, but mostly as a result of pressure by his ex-Goldman advisors to keep existing trade arrangements in place and not “rock the boat.”

Now, all that may be about to fall apart.

According to Axios, behind the constant media scandals, “one of the most consequential and contentious internal debates of his presidency unfolded during a tense meeting Monday in the Roosevelt Room of the White House” where with “more than 20 top officials present, including Trump and Vice President Pence, the president and a small band of America First advisers made it clear they’re hell-bent on imposing tariffs — potentially in the 20% range — on steel, and likely other imports.”

In other words, Trump – true to his campaign promises – is set to launch a global trade wars after all, one where then main country impacted would be China, however the collateral damage would extend to Canada, Mexico, Japan, Germany and the UK.

And what may be even more striking is that Trump overruled his cabinet, as “the sentiment in the room was 22 against and 3 in favor — but since one of the three is named Donald Trump, it was case closed.” Axios adds that while “no decision has been made, the President is leaning towards imposing tariffs, despite opposition from nearly all his Cabinet.”

Needless to say, if Trump follows through, the outcome would have a profound effect on U.S. economic and foreign policy; Trump will formalize his decision in the coming days.

What is also notable, is that this is the first time  – so far off the record – in which Trump has openly defied his Wall Street establishment advisors, while siding with the Bannon “populist” front:

In a plan pushed by Commerce Secretary Wilbur Ross, and backed by chief strategist Steve Bannon (not present at the meeting), trade policy director Peter Navarro and senior policy adviser Stephen Miller, the United States would impose tariffs on China and other big exporters of steel. Neither Mike Pence nor Jared Kushner weighed in either way.

Everyone else in the room, more than 75% of those present, were adamantly opposed, arguing it was bad economics and bad global politics. At one point, Trump was told his almost entire cabinet thought this was a bad idea. But everyone left the room believing the country is headed toward a major trade confrontation.

As Axios adds, the reason why Trump defied the guidance of his Wall Street-derived advisors is Trump’s base “which drives more and more decisions, as his popularity sinks — likes the idea, and will love the fight.

This, more than anything, should send shivers down Wall Street’s spine, because for all his bluster and outrageous media outbursts, Trump had largely been in Wall Street’s pocket so far.

Not anymore, and with Trump’s base hell bent on punishing the 1% (which includes Wall Street), if Trump indeed launches global trade war, his future decisions will become increasingly market unfriendly.

Via Zero Hedge


Featured Image: The White House/Flickr

Source Article from https://www.intellihub.com/trump-overrules-cabinet-prepares-to-unleash-trade-war/