It’s hard to know which is more unsettling: that the leader of the free world could spout complete drivel about its most successful and admired economy. Or the fact that on April 2nd, spurred on by his delusions, Donald Trump announced the biggest break in America’s trade policy in over a century—and committed the most…
Negotiations will now proceed sector-by-sector, focusing on market access, tariff barriers and supply chain integration. Yet, the ‘Liberation Day’ tariffs of 27% make it clear that the US is setting the terms, using protectionist levers to shape the deal in its favour for its economic nationalism. Also Read: Trade war: Trump’s shock-and-awe tariffs only have…
Do tariffs work, and what is Trump trying to do? It’s not advisable to try and second-guess such an unpredictable man, but his role model also presided over a high-tariff regime designed to protect domestic American industries. In his inaugural address, Trump harked back to William McKinley, the 25th US president, who was in office…
Archimedes pledged to move the world, if only he had a lever long enough and a place to stand. The challenge for businesses, investors, and households is that there is no place to put our feet. That which we thought solid is melting. The dominant characteristic of the post–World War II period has been the…
