America Is Taxing Its Own Supply Chain
Tariffs can extract concessions, as the latest US-Canada negotiations confirm. The problem is that, against Canada, they can also produce something considerably more damaging: higher...
Tag: US trade deficit
The Dollar, the Bond Vigilantes and Japan’s Impossible Choice
The most important signal in global markets is not coming from the Federal Reserve. It is coming from the long end of the US Treasury...
China’s AI Export Machine
For years, investors have debated whether China could escape the structural slowdown of its domestic economy. The latest trade data suggest that, for now, it...
Trump’s Tariff Gambit Collides with the Courts
Donald Trump’s most tangible weapon against America’s ballooning deficits, his trademark tariff hikes, now risks being dismantled by the judiciary. In other words, the one...
The Dollar’s Slow Death: How Trump Is Playing with the World’s Reserve Currency
If global investors needed a barometer of their growing disillusionment with President Donald Trump’s economic crusade, they have it: the US dollar. Since Trump’s return...
Trump’s Economic Gamble: Tariffs, Debt, and a Dose of Wishful Thinking
President Donald Trump has finally set his grand economic experiment in motion, imposing sweeping tariffs on Canada, Mexico, and China while reassuring the American public...
Trump’s Second Term: A Bonfire of Sacred Cows
Donald Trump has claimed a second term in the White House, riding a wave of populist fervour and a promise to torch the sacred doctrines...
The Trump’s tariff proposal: a wrong good idea
Experts often lament the absence of grand ideas in American presidential campaigns. Well, this time, that complaint seems laughably misplaced. The pièce de résistance of...