President Trump and President Xi are working to resolve potential tariff hikes. This doesn’t change the degree to which the U.S. feels threatened by a rising China.
China may be able to absorb the latest round of tariffs by turning goods destined for export around for internal consumption.
It has been two decades since the U.S. enjoyed sustained economic growth above 3 percent, and it turns out that a rising tide really does lift all boats.
Jean-Claude Juncker reportedly told Donald Trump, ‘If you want to be stupid, I can be stupid, as well.’ This is a perfect summary of a trade war.
Trump’s trade war could hurt the ‘forgotten’ Americans — the very people he promised would be newly empowered by his presidency.
It seems almost embarrassing to have to rehearse the case for free trade, but Donald Trump is determined to make us learn it all over again, the hard way.
The mainstream media treats everything Trump does as one step away from the next apocalypse. But there’s no need to freak out about the so-called trade war.
In trade war terms, Trump’s tariffs are the equivalent of invading Iraq without first getting a UN resolution—or congressional authorization.
According to Team Trump, Trump’s import tax would force Americans to pay 10 to 15 percent more for food, clothing, shoes, electronics, and other basic necessities.
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