Don’t Be Fooled by North Korea’s Dismantling of Rocket Test Site

Satellite imagery indicates North Korea has begun to dismantle its Sohae rocket engine test facility and space vehicle launch stand. The dismantlement is a welcome, though limited, development, because Pyongyang indicated the site was no longer necessary after having successfully completed its missile and nuclear programs. In April, North Korean leader Kim Jong Un declared that “we … Continue reading Don’t Be Fooled by North Korea’s Dismantling of Rocket Test Site

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