Category: tariffs
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Ninety days before Trump returns with economics 101
Once the stock exchanges around the world crashed last week, the US Treasury secretary argued that most of the investors in the exchange whose pensions were on the line were down only 40 percent, but the majority of those with pensions on the line were hammered by US bonds failure to sell. It was argued…
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The price of tariffs
Trump’s determination to get the garment industry back into the US is just one of the arguments around tariffs, but it is the failure of Trump to realise that good jobs reflect the states evolving industrial capabilities. The concept that the US will be manufacturing jeans and t-shirts and exporting them around the world is…
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A step to far
Trump wants the trade deficit reduced and by putting tariffs on imports Trump believes he can reduce the US trade deficit. But tariffs are a tax on the consumer and an added tax for articles that will be entering the US market. It really is a question of whether the President understands what a tariff…
Current Affairs 