In response, both Canada and Mexico have announced retaliatory tariffs on key US industries, while Trump has vowed to impose âreciprocal” tariffs on âeverybody across the board.” Also Read: Truth or dare: Close the deficit in clarity over the impact of Trumpâs tariffs Since no other country wields as much influence over the world economy…
Is there a method to the madness that seems to guide US trade policy under President Donald Trump? An effort to revive American manufacturing behind import tariff walls, some aver, can be followed by a tax on capital inflows. Also Read: Trade war: How best to brace for the return of âbeggar thy neighbourâ policies…
At its most basic, a tariff is a tax or duty on an imported good or service. It can be on a single product, a category of products or applied on all imports from a specific country. In the first weeks of the new Trump administration, all these forms have been announced. For instance, Trumpâs…
The term âshock and aweâ is usually attributed to George W. Bush, who purportedly used it to describe the US Armyâs prodigious and forceful ability to initiate regime change, before deploying it in Iraq almost 22 years ago. In reality, the term made its appearance first in a 1996 Pentagon briefing to paint a picture…
Amid uncertainty in the global economy, gold is having a golden run. The yellow metal has hit 11 record highs already in 2025 as its safe haven appeal attracts investors globally to it. In the global market, its price hit $2,900 per troy ounce on Monday, bringing year-to-date gains to about 11%. In the domestic…
Whether US President Donald Trump can bend Americaâs central bank to his will has been a subject of feverish global speculation. The Federal Reserve has autonomy, of course and, as its current chairperson Jerome Powell mentioned in a recent media interface, the White House cannot fire him under the law before his term ends in…
