Trade war talks are back and the dollar is under pressure. Reports that the U.S. commerce department has opened up “a section 232 investigation into the imports of cars to determine their effects on America’s national security” is ringing alarm bells given what happened when the U.S. imposed steel and aluminum tariffs in March.
A government mandate forces Italian pollsters to stop their work two weeks preceding the Italian vote on constitutional reforms, reducing the anxiety about the No result. Italians headed to the polls on Sunday, December 4 and while the referendum is not about a potential Italexit (Italeave?) it could mark the beginning of the end for Italy’ membership in the European Union.