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Secondary Tariffs – Do They Work?
First, the definition — “A secondary tariff is a monetary sanction imposed on countries that trade with a country with which the US is at odds, such as Venezuela. This type of tariff aims to pressure these countries to reduce their involvement in the trade of goods or services with the US target country. For…
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Cuba Updated, by David R. Kotok, June 23, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) A Cuba Update (June 2024) “Cuba Series, Part 1: The Bay of Pigs,” Feb. 04, 2024, https://www.cumber.com/market-commentary/cuba-series-part-1-bay-pigs“Cuba Series, Part 2: US Sanctions on Cuba?” Feb. 11, 2024, https://www.cumber.com/market-commentary/cuba-series-part-2-us-sanctions-cuba“Cuba Series, Part 3: Healthcare,” Feb. 18, 2024, https://www.cumber.com/market-commentary/cuba-series-part-3-healthcare“Cuba Series, Part 4: Helms–Burton & Readers Respond,”…
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France, by David R. Kotok, June 21, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) “How can you govern a country with two hundred thirty-eight varieties of cheese?” “• François Mitterrand, President of France, 1981–1995 Henry Kissinger to Chinese Premier Zhou Enlai in 1972: “What do you think of the French revolution?” Zhou: “Too…
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Trump Verdict & Markets, by David R. Kotok, June 3, 2024
(The following was first published on Cumberland Advisors’ website and via LISTSERV. For details, visit https://www.cumber.com/.) I received an email from a retired NY judge, who noted the 574-point rally in the Dow Jones Industrials as a positive response to Trump’s guilty verdict. I disagreed. I believe markets rallied post-verdict for other reasons. Markets are still…