Tariffs

Trump. A Poundshop Pinochet

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Donald Trump’s second term is going no better than his first. He has failed to end the war in Ukraine, failed to produce a credible healthcare plan, and failed to rein in government spending. Inflation remains elevated, unemployment is rising, and growth is slowing. Strip out AI investment and deficit spending, and the underlying economy … Read more

Trump, Tariffs, and Tantrums

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Trump tariff tantrum

Trump, Tariffs, and Tantrums The United States is facing a balance of payments problem, similar to the one Britain encountered post-World War II. Simply put, the U.S. imports more than it exports, leading to a consistent outflow of money from the country. Historical Parallel: Britain’s Post-War Struggles Before WW2, Britain’s empire functioned as a massive … Read more