The fallacy of seeking to reduce the U.S. trade deficit without raising U.S. savings rates.
With Canada and Mexico in the bag, Europe and the Pacific are the next places for Trump to take his trade show.
It can feel very rewarding emotionally to blame Mexicans (and other foreigners) for one’s economic plight. It is far less satisfying to yell at robots.
The Trump trade deal with Mexico is, in a smaller way for now, another of those rare Nixon in China moments. It has the potential to alter the arc of contemporary history.
How Turkey’s central bank plans to regain market confidence that it will eventually hit its 5% inflation target again remains a mystery.
Solutions exist for Trump to address the U.S. trade deficit effectively. But he will never implement them.
Why it is in Germany’s own self-interest to take Donald Trump’s policy impulses on trade and defense seriously.
If Trump has his way, the liberal market economy of the post-war period is ending. The Trump world proudly and unapologetically embraces mercantilism.
In the tit-for-tat retaliation gaming with the United States over imposing tariffs, China is at a disadvantage.