openpgp4fpr:E0C3497126B72CA47975FC322953BB8C16043B43
Russia benefits from a stronger US dollar insofar as its oil and gas exports are settled in that currency. The more valuable the US dollar is (as measured against the ruble), the more rubles Russia’s exports end up yielding — or the better they compete with other producers in international markets.
To the contrary: the value of the US dollar, as measured against other currencies, has surged in the past weeks amidst Donald Trump’s announcements of tariffs, because markets expect them to bump prices and higher prices, in turn, would could prompt the Federal Reserve to raise interest rates, just as we saw in 2022.
TL;DR: higher tariffs => higher prices => Federal Reaerve raises interest rates => US dollar appreciates
The incoming Trump administration could counter this dynamic by changing the mandate under which the Federal Reserve has been operating for about a century and bringing it under the executive, stripping it of its independence.
That’s weird. The Internet Archive hosts a copy of the page that you should be able to view. I would like to find out why you can’t access the Mexican government’s website, though.
The Mexican government’s website quotes Sheinbaum’s original address (in Spanish). Among other English outlets, Politico quotes translations thereof.
That 6% is the gross of sales, not revenues as well.
I think you mean “that’s 6% of revenue, not profit”. Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.
I don’t know what substances were involved in writing that post. Mind sharing, @werefreeatlast? :P