Trump and the New Cold War

He didn’t start it, but he’s joining it. There are times when the purpose to which money is to be put is more revealing than the sum. This is such a time. And there are times when a trip to Moscow is more about China than it is about Russia. This is such a time. […]

Globalization 2.0

The USMCA is more than just a rebranded NAFTA. It’s the shape of things to come. Globalization 2.0. That will be the result of the acceptance of Donald Trump’s conversion of the 1994 NAFTA agreement he found so objectionable into a framework for a tripartite deal between the same parties-the United States, Mexico, and a […]

Tariffs Forever!

The politics of protectionism mean it’s here to stay. If you missed the latest threat from President Trump as he continues to huff and puff in his effort to blow down the protectionist wall Xi Jinping has erected in his effort to make China great again, here it is: A 25 percent duty on $50 […]

World War Trump

It’s Trump’s economy against the rest of the world-and as of now, America is winning. On one side is a nascent coalition of at least 36 nations with a population over seven times that of the United States, and a combined GDP almost twice that of ours. On the other side, standing increasingly alone, is […]

Has Trump Won the Trade War with Europe?

On July 25, 2018, at approximately 3:00 p.m. eastern daylight time, the tweets fell silent, and a truce was declared on the European front of the trade war between the United States and, well, the rest of the world. President Donald Trump of the United States of America, and President Jean-Claude Juncker, representing the forces […]

Trump Is ‘a Phenomenon That Foreign Countries Haven’t Seen

Veni, vidi, vici. That’s what Trump would have tweeted en route to a weekend of golf at his courses in Scotland had he not forgotten his high school Latin. Traditional diplomat Nicholas Burns, former U.S. ambassador to NATO, says “The president treated the NATO allies almost with contempt.” Delete “almost” and Burns has it right. […]

Trump’s Trade War Really Might Be Easy to Win

Trump knows when to hold ’em and knows when to fold ’em, knows when to walk away and knows when to run, as Kenny Rogers advised all poker players. He was holding a losing hand when it came to handling the children brought to America illegally by mothers crossing the border illegally, so he folded […]

Three Reasons This Isn’t a Trade War

No, we are not in the midst of a trade war. A trade scuffle, surely. But not a war. At least not yet. Yes, President Trump has imposed tariffs on steel and aluminium imports from Canada, Mexico, and the European Union. Canada will be the hardest hit: America accounts for 90 percent of its steel […]

US-China Trade Negotiations Continue

US-China Trade Negotiations Continue Talks are going on between the US and China in Washington, to try to avoid a full-blown trade war. “Be cool,” President Trump tweeted the other day. “It will all work out”. But how, exactly? The BBC’s Mike Johnson asked our regular commentator, the American economist Irwin Stelzer of the Hudson […]

America Will Win the Trade War with China

For over a decade there has been a trade war between China and America, with America playing the role of passive victim. China has required American firms investing in its country to take on a Chinese partner and turn over their technology, which it agreed not to do when it joined the World Trade Organization. […]

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