OPEC+ has decided to increase oil production for the third month in a row, despite prices.
This reflects a desire to "punish" member countries that produce too much oil.
Re: News
1260A lot of people still don't get Trump or how he works. Many say he goes back on his word, as if politicians never do that – where have they been for the last hundred years.
It is true that the US has been disadvantaged in trade deals with the rest of the world for over 20 years, they thought they were rich enough to let it slide, now Trump is trying to address that in his own style.
So he looks at the deal with a particular country, sees their currency manipulation or embargo's or tariffs or subsidies or whatever.
And he says come to the table, if they refuse he threatens to slap on an outrageous tariff like 500% to get them to move. Usually they move.
But if they don't then he just slaps on a harsh but workable tariff (20 – 50%) to even things up and then moves on to other things.
And people criticise this saying he's giving in or is not being fair or whatever, but the fact is it works and he gets a lot done in a short space of time. He can always go back to a specific issue later on.
When Lyndsay Graham tries to imitate Trump calling for 500% tariffs on China and India for buying Russian oil he doesn't really know what he's doing, unless he's just trying to start wars.
It is true that the US has been disadvantaged in trade deals with the rest of the world for over 20 years, they thought they were rich enough to let it slide, now Trump is trying to address that in his own style.
So he looks at the deal with a particular country, sees their currency manipulation or embargo's or tariffs or subsidies or whatever.
And he says come to the table, if they refuse he threatens to slap on an outrageous tariff like 500% to get them to move. Usually they move.
But if they don't then he just slaps on a harsh but workable tariff (20 – 50%) to even things up and then moves on to other things.
And people criticise this saying he's giving in or is not being fair or whatever, but the fact is it works and he gets a lot done in a short space of time. He can always go back to a specific issue later on.
When Lyndsay Graham tries to imitate Trump calling for 500% tariffs on China and India for buying Russian oil he doesn't really know what he's doing, unless he's just trying to start wars.
