Muted...

Washington's 25 percent duties went into effect and affected products such as water boilers, X-ray machine components, airplane tires and various other industrial parts. 

China immediately implemented retaliatory tariffs on its $34 billion list of goods issued last month, including soybeans, pork and electric vehicles. Beijing called it the "biggest trade war in economic history."

The amount of tariff will not do much in the global picture. Companies will adjust to the price increase. Consumers will react to these tariff and the whole import export will slightly change as they do all the time.

Prices do change based on supply and demand all the time. Consumer may change their habits of buying, or look for alternatives, and the outcome will be muted.

Meee...

Making a meal out of it. Senators want to speak with Anger or Passion, know what is hidden, and in the process serving themselves and sometimes the public. We will see.

Cave...

Young soccer kids got stuck in a flooded cave in Tiland.

Prices...

Donald J. Trump‏Verified account @realDonaldTrump

Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
Trump Tweeted.

Pricy...

Her...

Hysteria...

As NATO allies convene, one issue to discuss is immigration — even though illegal border crossings are decreasing on both sides of the Atlantic.

The separation of families at the U.S.-Mexico border and Italy's refusal to let shipwrecked migrants disembark in its ports illustrate the hardening positions on border control in Washington and European capitals.

Lost in the heated political debate is the fact that migrant arrivals in Europe across the Mediterranean from Africa and Turkey are at their lowest level in five years, while arrests on the U.S.-Mexico border — an imperfect but widely used gauge of illegal crossings are far below levels seen two decades ago.

"The numbers don't support the hysteria," said Joel Millman, a spokesman for the Geneva, Switzerland-based International Organization for Migration. "Politicians know what moves voters, and this is extremely effective in moving voters." [ABC 7/9/18]

Mysterious...

Tall...

Tussel...

A big tussle is taking place within China that the leveling of tariffs by Washington and Beijing can only aggravate. That struggle is the effort by China to slow credit significantly: Enough to squeeze the shadow banking industry and rein in debt at state-run firms, but not so much that it causes a slump in overall growth.

Getting the balance right is tricky. Few countries manage to pull off soft landings, and trade conflict makes the task even trickier. China's size means its domestic choices ricochet beyond its shores.  

Still, the trade is on $34 Billions/ year. No much to worry about.