Trump replaces globalization with commercial isolation



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Tony Rizk wrote in the newspaper "The Republic":

The new global economic policies have caused a sharp decline in the volume of foreign direct investment in various countries of the world after many countries of the world have aspired to more economic integration. Has seen a dramatic fall in the numbers of foreign investment in the world, including a large number of countries. Total investment dropped to $ 43.1 trillion in 2017, or 23% of foreign investment

Foreign investment in America dropped to $ 275 billion in 2017, going from $ 457 billion in 2016 and investments in Britain No one can deny that the political changes that have taken place over the past year have had a major impact on the global economy, as in the past. testifies the vote of the most Breton exit from the European Union Leads to a decline in foreign investment, as for the United States of America Trump's shocking policies have contributed significantly to the decline in foreign investment.

Trump recently issued a resolution that any Chinese ownership of a US company or strategic partnership between Chinese and US companies should be reviewed by a US committee. Foreign investment and the rights of this committee to reject this investment under the pretext of national security and the US President's decisions to reduce Chinese investment in Washington of about 90% this year.

Despite China's decision to soften the list of industries But they do it The United States does not encourage investment in Chinese industries because "the US president does not want US companies invest outside his country ". 1965 World trade has been suffering since Trump announced the economic war that is already beginning today. While Beijing threatened to impose retaliatory charges, America reacted to the possibility of imposing taxes on additional Chinese products of $ 450 billion, the same thing between l & # 39; America, Canada, the European Union, Mexico and all those things. Will cause damage Many countries, and the dismantling of many international partnerships, and may be the beginning of the collapse of globalization and the global economy.

Beirut Stock Exchange

Solidere's share price on the Beirut Stock Exchange increased by 0.13% to US $ 7.25 traded in 2,710 shares of value of $ 114,699, while Solidere's share price decreased 0.27% to settle at $ 7.27, with 1928 shares valued at $ 14,106.

From 0.97% to $ 5.20. Byblos Bank shares rose 1.11% to $ 91.

The total shares were exchanged 33,715 shares valued at $ 357,815 million, through the purchase and sale of seven types of shares

. Stock Markets

The dollar fell on Friday as US tariffs on Chinese imports came into effect, but the weak response of the foreign exchange markets suggests that escalation was largely attributable to accounts American investors.

The dollar index fell against a basket of six currencies to 94,317 after falling to 94,177 lower recorded levels since June 26 the day before
This situation allowed the euro to rise to $ 1,1727, its highest level since June 26th. The dollar rose 0.1% to $ 0.7405

Against the Japanese yen, the dollar fell 0.1% to 110.56 yen, while the yuan remained weak against the dollar, falling from 0.2% to 6.6506 yuan for a dollar.

World Markets

The Nikkei rose for the first time in a week as investors encouraged gains from Chinese equities and hitting volatile city centers following the introduction of tariffs. Americans on Chinese products.

The Nikkei <.N225> was up 1.1% at 2,178.84 points, ending a series of four-day defeats. US President Donald Trump warned that the US could eventually target more than $ 500 billion worth of Chinese goods
This figure is roughly equivalent to the total US imports from China last year. 19659003] The European Stoxx 600 index rose 0.2%, while the German DAX, which weighs heavily on exports, grew by only 0.1%

. In the United States during the month of June to fill H stable Wall Street Friday.

index dropped the Dow Jones Industrial Average 4.27, or about 0.02 percent, to 24,352.47 points. The S & P 500 rose 1.07 percentage point, or 0.04%, to 2,737.68 points

The Nasdaq Composite Index rose 9.50 points, or 0.13%, to 7595.93 points.

Oil

Friday oil on the market has been stretched with the US application a set of tariffs on Chinese products. Friday, oil prices fell during the decline in the stock market.

US crude oil futures increased by 13 cents, or 0.2%, from the previous level to $ 73.07 per barrel. Crude oil futures dropped six cents, or 0.1 percent, to $ 77.33 a barrel.

The US-China trade dispute eclipses the oil markets

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Gold

Gold prices decreased their losses on Friday as US tariffs on Chinese products weighed on the dollar, reinforcing fears of a large-scale trade war between the two largest economies in the world. Additional tariffs on some products from the United States War after the imposition of US duties on Chinese imports worth $ 34 billion, according to official media.

gold fell 0.1 percent in cash transactions to $ 1256.54 an ounce, after falling to $ 1252.15 at the beginning of the session. But the yellow metal is directed to the first weekly gain in four weeks. The American gold futures price for August delivery fell 0.1% to $ 1257.50 ounce

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