There’s sublime irony and then there’s just shooting yourself in the damn foot. The impact of the tariffs imposed by President Donald Trump on foreign steel comes closer to the second category, considering that they are directly harming the very U.S. […]
Tag: tariffs
U.S.-Japan trade deal is a good start, at best
The U.S. and Japan signed a new trade deal on September 25, which certainly counts as good news in today’s fraught trade and diplomatic environment, more often characterized by tariffs and spurious reasoning. However the first phase of the U.S.-Japan deal is at […]
Don’t hold your breath for EU trade carveouts, unless dying sounds fun
Brexiters still hoping the EU will somehow grant the post-Brexit UK special exemptions from its common regulations governing foreign trade are in for more disappointment, warns FT columnist Wolfgang Münchau. That rules out the possibility of a “Canada-style” trade deal which […]
How to improve access to medicines — and how NOT to
With the UN General Assembly convening in New York to discuss all manner of policy issues, one high-profile area of debate is the appropriate role of governments and regulators in ensuring that as many people as possible have access to the medicines they need. […]
TES Weekly Update: Diabetes breakthrough promises healthier lives for millions
Editor’s Note: And undermining IP laws promises opposite Have you ever noticed that “fake news” almost always means bad news? Of course it’s taken for granted that “real news” usually means the same. Well, here’s that rarest of treasures, a piece of news that is both real and good, which frankly everyone should be […]
More Trump tariffs coming for Europe?
A longstanding trade dispute between the U.S. and EU predates Donald Trump’s presidency — but he’ll be more than happy to roll out another round of tariffs in response, Politico reports. That’s the upshot of European Commissioner for Trade Cecilia Malmström’s warning to EU […]
Can threat of decoupling resolve trade war?
Donald Trump’s famous claim that “trade wars are easy to win” has attracted much “I told you so”-ing from economists and pundits, as the U.S. dispute with China drags on and on in the face of Chinese intransigence, apparently with no end in sight. However […]
Trade wars are hitting global confidence
There is now a serious risk that escalating trade disputes between major global players will tip the world economy into recession, warns the Financial Times editorial board in a new op-ed published Friday. The FT opinion chiefs tally a number of ominous trends as we […]
Maybe Trump doesn’t want a China trade deal, period
Conventional wisdom among economists and free traders holds that Donald Trump’s trade war with China, while perhaps justified on the grounds of numerous Chinese transgressions, has nonetheless been pursued in a muddled fashion, with no clear goal or exit strategy. But this discounts the possibility that […]
China trade war costs average U.S. family $460
Trade wars like America’s current dispute with China carry significant costs for ordinary people on both sides of the conflict, as tariffs drive up prices of imports and with them the cost of living. But precisely how much is the trade tussle with China costing […]