It has always puzzled me that anyone would believe that protecting the U.S. market with tariffs is a good idea. Yes, U.S. consumers might increase their demand for domestic goods because duties on imported foreign goods make them relatively more…
Presidents Trump and Xi’s decision to resume trade talks at the G20 Summit is a step in the right direction. But the “hold” on List 4 tariffs is temporary, as far as we know, and it keeps businesses guessing in…
President Donald Trump and his supporters often tell us that he is fundamentally a free trader. The current trade war with China, they say, is simply the small price we must pay now for a world of much freer trade…
Reports indicate that China and the United States are close to ending their trade war, and it would appear this battle will result in no long-term winners. Bloomberg reported that the tariffs imposed by President Trump could be lifted if…
More positive news has arisen for the U.S. in its trade war with China, even as other developments cloud the situation. A new report says that China is shelving its Made in 2025 economic plan, an aggressive track that would…
As indications arise that President Trump may be softening on his tariff stance with China, former Federal Reserve Chairman Alan Greenspan called his duty policies “insane.” While at an event at New York University last Wednesday, Bloomberg reported, Greenspan fielded…
President Trump said his aides are drafting ideas for an agreement with China that could end or at least help alleviate the trade war brewing between the two countries. “We’ll make a deal with China, and I think it will…
China claims it’s not worried about a trade war with the United States, but recent financial decisions indicate otherwise. The People’s Bank of China, that country’s central bank, announced on Sunday a cut to the reserve requirement ratio for most…
This morning, President Trump tweeted “Our Steel Industry is the talk of the World. It has been given new life, and is thriving. Billions of Dollars is being spent on new plants all around the country!” As of June 1st,…