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Dairy farmers from around Ottawa took their cows and tractors to Parliament Hill this week, to protest the changes they expect in the Trans-Pacific Partnership trade deal.

The administration is close to sealing a trade pact with 11 Asia-Pacific trading partners, the Trans-Pacific Partnership (TPP), and is also negotiating a deal with the European Union. U.S. Trade Representative Michael Froman said on Tuesday Treasury had the lead on currency issues.

Brazil raised tariffs on 100 sectors last October to defend is declining industrial base, with fees of up to 25pc on machinery, iron and steel, plastics, chemicals, paper and wood products. It is now pursuing a full-blown "industrial policy" under its Plano Brasil Maior, with tax concessions for those who build plant locally.

Trade protectionism could hurt global growth and undermine economic reforms in developing countries, the world's top three economic organisations have warned. The warning came in a letter signed by the leaders of the World Bank, International Monetary Fund (IMF) and World Trade Organisation (WTO) and sent to leaders of the world's major industrial nations, who were meeting in Paris.

As the global economy continues to face tough times, governments are increasingly playing politics with trade and giving in to protectionism. Says who? Well, Chinese officials, as it happens. Earlier this year, China's top promoter of foreign trade, Wan Jifei, said rising protectionism was having a negative impact.

China's ruling Communist Party says it plans to make the country's tightly controlled currency, the yuan, freely traded by 2020. The announcement Tuesday came as the party released more details of decisions at a meeting last week on its latest five-year development plan.

Officials at the Office for National Statistics said the underlying trend was still showing imports rising steadily and UK exports falling. The UK bought 2.6bn more goods from the rest of the world than it sold in February, down slightly from January's 2.7bn.

Japan and the United States are discussing slashing Japan's tariff on imported low-price pork products to about a quarter of the current rate as soon as an envisioned Trans-Pacific Partnership free trade agreement enters into force, informed sources said Thursday. The pork tariff would be immediately lowered from the current ¥482 per kilogram to ¥125.

As stocks tumble and populist frustration with the political and financial classes grows, Trump is bringing protectionism back in vogue -- making threats to upend trends toward globalization that are decades in the making through the sheer force of his negotiating talents. I have chosen this article in order to convey how politicians can use tariffs as a means to attract votes. Tariffs play a huge role in determining the import-export balance and using them in favor of domestic producers- even though it may cause the economy harm- may result with gaining advantage in ballots.

This article is about the idea of shutting down power in order to preserve it when there is a supply shortage in power. Article also offers renewable energy sources as an alternative and gives information about how to manage it; in contrary to our beliefs, renewable energy sources also seem like a scarce source since producing energy depends on e.g. how much wind you receive that given month etc.