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27.04.26 - 02:15
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"The National Security Premium": US Plan To Counter China In Critical Miners Could Drive Up Global Prices (ZeroHedge)
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"The National Security Premium": US Plan To Counter China In Critical Miners Could Drive Up Global Prices
The US is pressing its allies to rethink how they source essential minerals, urging them to accept higher prices if it means reducing reliance on China, which currently dominates much of the global supply, according to a new report from Financial Times.
According to US Trade Representative Jamieson Greer, countries working with Washington should expect to pay extra for materials obtained through a proposed network of trusted partners. He framed this added cost as a necessary trade-off to strengthen supply chain security.
The idea under discussion involves setting minimum price levels for critical minerals among participating nations. The goal is to make mining and processing outside China financially viable, while potentially using tariffs or other restrictions to block cheaper imports from non-participants.
“There is a premium we pay, and I call it the national security premiu...
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27.04.26 - 02:15
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Bessent Defends US Dollar Swap Lines As UAE Considers Formal Funding Request (ZeroHedge)
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Bessent Defends US Dollar Swap Lines As UAE Considers Formal Funding Request
Several Gulf countries have discussed receiving dollar swap lines from the US, the WSJ reported last week. In the near term, there is an economic drag if volumes of oil and gas sales have fallen by more than the price effect can offset, or where tourist and business travel has dried up. The effect is similar to that of the pandemic: slowing growth and fiscal revenues, and accelerated demand for fiscal spending.
As the WSJ reported, UAE. Central Bank Gov. Khaled Mohamed Balama had raised the idea of a currency-swap line with Treasury Secretary Scott Bessent and Treasury and Federal Reserve officials in meetings in Washington. The Emiratis emphasized that they had so far avoided the worst economic effects of the conflict but might still need a financial lifeline.
The talks highlighted the U.A.E.'s concern that the war could inflict major damage on its economy and its position as a global financial hub, depleting its fo...
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27.04.26 - 01:12
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Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S. (ZeroHedge)
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Ford Denies Talks With Geely About Bringing Chinese Car Tech To U.S.
On Friday, a report crossed the wire that Ford and Geely had been in discussions about collaborating more closely, including whether their developing European partnership could expand into the U.S. market, according to the Wall Street Journal.
Ford denied the claims, which stated that one idea involved Ford using Geely's vehicle technology domestically. The talks had reportedly cooled, with both sides shifting attention back to Europe, where they are considering sharing production capacity and technical resources.
Geely is motivated to enter the U.S., a lucrative but tightly restricted market for Chinese automakers. High tariffs, bans on Chinese-connected vehicle software, and political resistance from U.S. industry and lawmakers all make entry difficult.
Ford itself has signaled caution, with leadership stressing the importance of protecting American jobs and competitiveness. A company spokesman reinforced that stance, s...
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26.04.26 - 23:36
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UK urged to deploy EU-style ′trade bazooka′ against Trump′s tariffs (The Guardian)
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'Inadequate economic security' is putting growth and jobs at risk, says British Chambers of Commerce UK business leaders have called on the government to build an EU-style “trade bazooka” to protect Britain's economic interests in response to the latest tariff threats from Donald Trump.As transatlantic tensions rise, the British Chambers of Commerce said the UK's “inadequate economic security” was putting growth and jobs at risk. Continue reading......
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