Ecuador axes austerity & China, US advance talks

Protests have rocked the streets of Quito, Ecuador for nearly two weeks, causing the nation’s government to drop its plans for more austerity. Ecuadorian President Lenin Moreno reached the conclusion following a meeting with indigenous leaders. Plus, there has been a slight breakthrough in trans-Pacific trade as China and the US have reached “Phase One” of a tentative deal. Todd Horwitz of Bubba Trading and Jeffrey Tucker of the American Institute for Economic Research are both on hand to break down the recent developments.

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