President Donald J. Trump’s surprise announcement that he will seek to impose tariffs on steel and aluminum imports sent shockwaves around the world yesterday and roiled the financial markets. Whether those tariffs get implemented is open to debate. Many believe the reality show theatrics with which he made the announcement were intended to distract from the accelerating scandals that are engulfing his White House.
But if he really intends to enact the tariffs, which are opposed by many in his administration, it shouldn’t come as a surprise. Trump campaigned on the promise of “America First” and many of his actions in the first year of his presidency have been designed to deliver on that campaign slogan.
By Jay Kuo
In two far-ranging interviews, Desmond Lachman, an economist at the American Enterprise Institute (AEI) and former Director of the International Monetary Fund's Policy Development and columnist at Financial Times, and Jacob Kirkegaard, a Washington-based economist and a Peterson Institute for International Economics senior fellow, spoke to Second Nexus about a world economy under Trump.
How bad is China’s economy? If only we knew.
The closed and secretive nature of the Chinese government, and its tight control over markets, makes diagnosing the Chinese economy a lot like diagnosing a friend’s medical condition using Wikipedia. Bloomberg News recently threw up its hands and declared that, in the absence of clear and dependable measures, there are six different ways you can look at China’s economy, so take your pick.
Senator Elizabeth Warren, a Democrat from Massachusetts, has never shrunk from conflict, whether she’s speaking with assertion and conviction to her constituency and her colleagues, criticizing controversial policies or actions, or even publicly calling out other Democrats for not representing what she believes are the people’s best interests.