Day: October 18, 2020

US trade during the Trump administration

The United States has the most influence on multilateral trading systems of any country in the world. Therefore, all eyes were on President Donald Trump when he assumed office at the White House.

As the latest US President, trade experts and professionals were eager to see his administration’s trade policies given their potential impact on the rest of the trading world. As it turns out, he had unique approaches to trading that were not only brave and bold, but could potentially undermine the existing international trade laws.

Take a closer look into President Trump’s trade policies and what it means for the rest of the world, as well as the US economy.

America First Trade Policy

“Make America Great Again” is the primary campaign for the Trump administration, which is something that he vowed even during his electoral run. Therefore, it comes as no shock to many that he imposed

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Quarter of UK home-owners worried they will not be able to renew mortgages

A quarter of UK home-owners are worried about renewing their mortgage during the pandemic according to a poll.

A third said their income was less secure now than before the pandemic according to the poll.

While more than 1 in 10 mortgagees have had to take a payment holiday on their mortgage during COVID according to the poll of 2,000 British adults by Yonder (formerly Populus).

The proportion of those feeling less financially secure during COVID rises to 63 percent among the self-employed.

The government’s mortgage support scheme allowing people to take mortgage holidays comes to an end on October 31.

From next month lenders can start repossessing homes of those who have been unable to pay.

Those who have taken mortgage holidays will have their missed payments spread over the rest of the payment term meaning larger payments from next month.

Wesley Ranger, Managing Director of Willow Private Finance,

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Bloomberg’s Ngai moving to Hong Kong bureau

Catherine Ngai

Bloomberg News reporter Catherine Ngai is moving to Hong Kong to join its China markets team

She has been in New York for Bloomberg since May 2018 covering energy markets and commodities.

Ngai previously worked at Reuters, where she  covered Wall Street banks, namely Morgan Stanley and Goldman Sachs. Before that, she was an energy reporter at Reuters covering the cash crude market as well as oil derivatives.

Before joining Reuters, she spent three years covering the steel industry for American Metal Market.

Ngai is a graduate of the University of Toronto and holds a master’s degree in journalism from Northwestern University.

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