The 70-year global progress toward freer trade is permanently reversed so long as the Republicans hold the White House. That’s the message of the non-deal trade deal just announced between the U.S. and China. It’s a deal that reduces no existing tariffs and offers only symbolic changes in other terms that were already on the…
On Sunday, President Trump took to Twitter to announce that he would more than double tariffs on $200 billion worth of Chinese goods. Indeed, he may introduce further tariffs beyond that. This is the latest shot in a trade war with China. On Monday, the president explained the underlying logic for this on Twitter. The…
by Jordan LaPorta Trump rode to the White House on the wave of economic populism. Throughout the campaign, the now President-Elect stated his desire to be the “greatest jobs president in history,” pledging to tear up trade deals and punish companies that relocate overseas. His brand of economics differentiated him from most other members of…