The U.S. imports 80% of its rare earths from China, but accounts for just 4% of China’s rare earths exports. This gives China a significant advantage.
A better safety net for Americans is the issue that should be addressed with at least as much vigor as tariffs on Chinese goods.
The Silk Road’s historical importance has been vastly exaggerated. It was the sea that was the most important link between east and west.
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.