From Victim to Participant: The Trade War With China

“U.S. Renews Trade War Against China,” headlines the New York Times. “U.S. Continues Response To China’s Trade War Against America” would have been more accurate. Those who accuse President Trump of starting a trade war with China had better think again. For decades China has been waging a trade war against the United States, repeatedly […]

Trump Girds for War with the EU

Until now, American Presidents have been content to operate within the existing rules-based trade order. In 2006 the U.S. complained to the World Trade Organization that Airbus, the European airplane manufacturer, had received $22 billion in illegal subsidies. Successive rulings and rejections of EU appeals resulted in a finding in favor of the U.S. A […]

Trump Gets Xi’s Attention

Mock Donald Trump not. He has emerged the winner in preliminary, warm-up bouts with South Korea, Mexico and Japan. And in the main event, with Donald Trump in the red, white and blue trunks vs. Xi Jinping in the red trunks, the American president again looks very much the winner. A must for the self-styled […]

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 […]