UK banks and brokers may face Trump's sanctions

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Posts: 25 · Reputation: 211
#1Jun 3, 2020, 09:51 PM
The Trump administration is being pretty aggressive, especially with the FEND Off Fentanyl Act. Any London institution that gets tagged as a "key player" in this mess could be looking at immediate liquidation or totally losing access to U.S. markets. So if Latin American funds pull out of the UK, what’s left here? The U.S. is cleaning house, and only the legit economy is gonna stay connected with legal liquidity, which means the UK might get hit with sanctions, penalties, and even criminal charges. Right now, the U.S. is cracking down on Latin cartels, which means less cash flow into London, especially in high-end real estate areas like Mayfair, Belgravia, and Kensington.
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the_satMember
Posts: 12 · Reputation: 100
#2Jun 3, 2020, 10:19 PM
USA keep doing this if they want to, well Trump does and not the entire nation, but that doesn't mean that it would be sustainable. What trump doesn't realize is that tariffs are paid by the people of USA because companies still sell at the same price + the tariff now, and if it is not being sold, then the Americans are getting in trouble. His assumption is that everything has an American brand that could be cheaper alternative compared to foreign one. But some of them do not even have an American alternative, so people just end up paying more because they have to. Not sure when Trump will realize these and will do things which may really work on making America great again.
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