The protectionist crusade of the Trump administration has attacked the global world order the West was instrumental in creating. This disruption has caused tremendous harm to complex international supply chains, the repair of which will be expensive
On a day when the yuan and the A-shares market rallied on reports of a possible breakthrough in deadlocked US-China trade negotiations (a report that was eventually rebutted by none other than Trump chief economic advisor Larry Kudlow),
Support for protectionism and its ugly sister, "fair trade," is sweeping the globe yet again. President Donald Trump's actions in the White House have made it painfully obvious that, despite a strong consensus in favor of trade among academic economi
The USMCA also requires Mexico to pass legislation recognizing the "right of collective bargaining." In other words, this so-called free trade agreement forces Mexico to import US-style compulsory unionism. If the Mexican legislature does not com
Trump is desperate to reduce the trade deficit. Perhaps his trade policies will do just that, via global recession.
Last week the United States, Mexico, and Canada agreed to replace the North American Free Trade Agreement (NAFTA) with a new United States-Mexico-Canada Agreement (USMCA). Sadly, instead of replacing NAFTA's managed trade with true free trade, the
Just days after Europe unveiled a "special purpose vehicle" meant to circumvent SWIFT and US monopoly on global dollar-denominated monetary transfers - and potentially jeopardizing the reserve status of the dollar - Iran said it was finalizing mechan
With yet another Fed rate hike having taken place recently, and with Jerome Powell signaling aggressive rate hikes going forward, analysts and investors are wondering if, and when, the American economy is going to start feeling the pain. People are s