The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.
Amid fresh political turmoil over the Tempe train crash fallout, public interest in the issue seems to be waning, while support for the ruling New Democracy party appears to be edging up.
Soybean producers warn that farms could go under as the Trump administration hits China with new tariffs of 145 percent.
Even companies that make clothing in America aren’t feeling great about stiff duties on their overseas competition.
The bloc had voted to impose retaliatory measures just before President Trump made his last-minute U-turn. It has now announced a postponement.
Britain’s central bank altered a planned bond sale, citing “recent market volatility.”
Scharfsinn/ShutterstockIf you have a long-term health condition or you’re a disabled person in the UK, you might be able to claim a benefit called personal independence payment (Pip). As the name suggests, Pip is designed to help with the additional costs of disability – regardless of employment status.
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it would be suspending high tariffs on nearly 60 countries for 90 days.
White House officials clarified on Thursday that the 125 percent tariff the president announced on Wednesday was in addition to a 20 percent added to the country since President Trump returned to office.
Most Republicans welcomed the unexpected three-month pause on several of President Trump’s tariffs, but some want more clarity about the president’s end game and more power for Congress over trade.