2 November 2025 Potus 47 now has returned from his Asian visit: unsurprisingly using superlatives to describe the trade agreements reached with Japan, Korea, and China. Upon taking office, Mr. Trump pledged to impose high tariffs against countries with large bilateral trade imbalances, espcially those conducting "unfair" trade practices with the USA. Potus 47 now [...]
25 September 2025 To be sure, financial markets have needed to react to a daily diet of consequential, and often quickly reversed, policy announcements during the early months of Trump 2.0. What has been consistent, however, has been the US dollar's depreciation: the greenback has fallen 10% this year. Indeed, many had expected the dollar [...]
29 April 2025 Despite expressing grievances with Canada, Mexico, and the European Union, Asia is likely to emerge as the top target of the Trump trade war. Indeed, on the "Liberation Day" list, 6 out of the 10 highest tariffs would be imposed on Asian nations. To a degree, this is understandable. Nine of 15 [...]
13 April 2025 In his inaugural speech, President Trump pledged a "revolution of common sense". However, as French Enlightenment philospher Voltaire warned, "common sense is not so common". In his recent so-called Liberation Day presentation, Mr. Trump combined a misreading of history and poor economic analysis; unveiling "reciprocal" tariffs on the nation's trading partners. The [...]