4 charts show why Trump’s tariffs will hurt everyone – not just China

On March 22, the Trump administration lobbed its second volley in a planned escalation of punitive trade measures against America’s trading partners. The latest salvo targets China, the largest U.S. trading partner, and covers a much wider range of products than the first set of tariffs, which focused on steel and aluminum. There are many … Continue reading 4 charts show why Trump’s tariffs will hurt everyone – not just China

Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency

It seems that Venezuela’s dictator Nicolás Maduro has finally found the way to bring the country out of the unprecedented economic crisis Venezuela is immersed in since 2012. The ineffable leader of the Bolivarian Revolution has recently announced the launching of a new currency, the so-called Sovereign Bolivar, which will replace the bolivar as the … Continue reading Venezuela’s President Tackles Economic Crisis by Deleting 3 Zeros From its Currency

Trump’s Failing Grade on Trade Threatens His Overall GPA on Economic Policy

  I explained last month that the World Trade Organization’s dispute-resolution mechanism is the best way of discouraging China from short-sighted mercantilist and cronyist trade policies. The Trump Administration, though, thinks that the best response to bad Chinese trade policy is to adopt bad American trade policy. In this interview, I fret that tit-for-tax protectionism is bad, and might even … Continue reading Trump’s Failing Grade on Trade Threatens His Overall GPA on Economic Policy

Trade wars are good’? 3 past conflicts tell a very different story

  A bilateral trade war appears to be in full swing. China and the U.S. are trading targeted tariffs on each others’ goods. Threats of retaliation by key U.S. allies like Canada and the European Union prompted President Donald Trump to exempt a large group of countries from the steel and aluminum duties it announced … Continue reading Trade wars are good’? 3 past conflicts tell a very different story

Operation Gunnerside: The Norwegian attack on heavy water that deprived the Nazis of the atomic bomb

After handing them their suicide capsules, Norwegian Royal Army Colonel Leif Tronstad informed his soldiers, “I cannot tell you why this mission is so important, but if you succeed, it will live in Norway’s memory for a hundred years.” These commandos did know, however, that an earlier attempt at the same mission by British soldiers … Continue reading Operation Gunnerside: The Norwegian attack on heavy water that deprived the Nazis of the atomic bomb