Retaliatory Tariffs Push Harley Offshore; Enraged Trump Threatens Punitive Taxes

“A day earlier, Harley-Davidson announced that it would shift some of its production overseas in response to the European Union’s new 31 percent tariff on its imported bikes, which was imposed in retaliation for Mr. Trump’s steel and aluminum tariffs.”

Read more: https://www.nytimes.com/2018/06/26/business/trump-harley-davidson-tariffs.html

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Trade Wars Mean the End of the Bull Market

“Millions of Americans are falling for a dangerous and destructive argument about the need for tariffs and other trade barriers.”

Read more: https://banyanhill.com/corporate-foreign-income/

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Supreme Court Screws Small Online Businesses

“Trump’s Supreme Court pick, Gorsuch, cast the tie-breaking vote to drop the guillotine on online small businesses.”

Read more: https://www.thedailybell.com/all-articles/news-analysis/get-ready-for-online-sales-tax-as-supreme-court-screws-small-online-businesses/

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Senators Vote To Block Marijuana Banking Amendment

“A powerful U.S. Senate panel has moved to block an amendment to let marijuana businesses store their profits in banks.”

Read more: https://www.forbes.com/sites/tomangell/2018/06/21/senators-vote-to-block-marijuana-banking-amendment/

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Commerce Secretary Blames ‘Profiteering’, Not Tariffs, For Higher Prices

“Price increases are ‘clearly a result of antisocial behavior by participants in the industry,’ he said.”

Read more: https://www.bloomberg.com/news/articles/2018-06-20/u-s-investigating-possible-profiteering-on-tariffs-ross-says

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Supreme Court rules that states can shake down out-of-state online sellers

“The ruling is likely to lead states to try to collect sales tax on purchases from out-of-state online businesses more aggressively.”

Read more: https://www.cnbc.com/2018/06/21/supreme-court-rules-that-states-can-force-online-shoppers-to-pay-sales-tax.html

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Naturalized Americans No Longer Have an Assumption of Permanence

“Like a number of practices, including mass deportations, it builds on the legacy of the Obama Administration, which set in motion the process of reëxamining old naturalization files.”

Read more: https://www.newyorker.com/news/our-columnists/in-america-naturalized-citizens-no-longer-have-an-assumption-of-permanence

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Fresh Trump tariff threats against China now target $200 billion in goods

“Beijing vowing to retaliate ‘forcefully’ against President Donald Trump’s vow to slap duties on another $200 billion in Chinese imports.”

Read more: https://www.bloomberg.com/news/articles/2018-06-18/trump-targets-another-200-billion-in-china-goods-as-spat-grows

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India’s bitcoin U-turn: Government panel may allow cryptos with conditions

“A panel formed by the government to look into crypto-currency does not seem to be in favour of banning it. Instead, it may suggest allowing crypto-currency with riders, ETNow reported quoting Cogencis. ”

Read more: https://economictimes.indiatimes.com/markets/stocks/news/u-turn-on-bitcoin-government-panel-may-allow-cryptos-with-riders/articleshow/64569000.cms

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U.S. commodity regulator faces court challenge over attempt to regulate cryptocurrency

“Lawyers argue the CFTC has no authority over the virtual currency because it is not a commodity like wheat or cotton or a service that is traded using futures contracts, the typical focus of the agency’s enforcement regime.”

Read more: https://www.reuters.com/article/us-usa-cryptocurrency-mybigcoin/u-s-agencys-virtual-currency-oversight-faces-court-challenge-idUSKBN1J92F3

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