Having been stymied in his attempt to take the UK into a no-deal Brexit, Boris Johnson must now seek a new deal with the EU that somehow avoids the need for the dreaded “backstop” — a temporary customs union between the UK and EU […]
Tag: Trade
No-deal Brexit will slam German economy — but don’t expect a Teutonic Hail Mary
It has long been an article of faith among hardline Brexit backers that the threat of a no-deal Brexit will motivate European leaders, terrified of its likely economic impact at home, to compromise with the UK at the last second on thorny issues […]
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 […]
We need more globalization, not less
After years when it was presented as an inevitable trend, globalization now seems to be everyone’s favorite political whipping boy, blamed for everything from rising inequality and unchecked immigration to global warming and fake news. But ending or even reversing globalization by erecting trade barriers would have a […]
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 […]
Courting Cortizo: Investors Beware
By Andrew Langer, President, Institute for Liberty & TES Contributor When the Panama Canal was completed, it was heralded as one of the most difficult engineering projects ever undertaken. In fact, the American Society of Civil Engineers has ranked the canal as one of its seven wonders of the modern world. Having seen […]
RARE EARTHS ARE JUST THE BEGINNING: How the U.S. can break China’s metal grip to foster innovation
By Larry Reaugh, CEO of American Manganese The U.S.-China trade wars took a turn last week into new and worrisome territory, as China unofficially floated the threat of cutting off rare earths exports to the U.S. The elements – unknown to most people but present in nearly every tech gadget […]
Trade War – DEFCON 2
By David Nelson, CFA CMT, TES Contributor Friday brought the curtain down on the market’s first negative month of the year and its first down May since 2012. From the President’s first tweet that China was backtracking on commitments already made to late Thursday’s announcement that the administration was putting a […]
Here we owe again: Trump threatens Mexico tariffs over immigration
Apparently tariffs are like duct tape: there’s nothing they can’t do. With that in mind Donald Trump is going to try to use tariffs – specifically a 5% tariff on all U.S. imports from Mexico, due to take effect June 10 – in order to force the Mexican government to somehow stop illegal […]
Sweet Deal! Trump Trade Doctrine Will Save Sugar Farmers
By Andrew Langer, President of the Institute for Liberty With the announcement that Fiat Chrysler is set to build a new plant in the Detroit Metro Area, it is clear that America’s shifting posture on trade is working—and with that, a crystallization of just what the “Trump Trade Doctrine” is. For the […]