Trump at G7 "We're Like the Piggy Bank that Everybody is Robbing"
• themaven.net by Mike Mish ShedlockTrump threatens to stop trading with nations at the G7 conference because the US is being robbed.
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Trump threatens to stop trading with nations at the G7 conference because the US is being robbed.
In conversations with friends, one thought the current political scene was like the prelude to WWII. Another said WWI.
President Donald Trump has changed the landscape of American politics, and this is causing lots of turmoil across the political spectrum. Desperate for the US to re-enter globalist trade deals and open the borders for low-cost labor, the Koch Bros -
Tariffs are taxes on Americans for the benefit of a tiny group of politically-connected corporations. Taxation can never lead to prosperity. Unfortunately, constant doses of patriotic propaganda convince Americans that they're being robbed for their
The United States is isolating itself from countries around the world, and making countries unite in a time of economic repression from Washington, prominent investor Jim Rogers says.
The Trump administration is applying aggressive trade tariffs against friend and seeming foe alike in these days of heightened yet manufactured global economic "events, dear boy, events", to quote former British Prime Minister Harold Macmillan.
More importantly, they acknowledged major disagreements on some matters and will continue communicating to work toward making more progress.
Join Jacob Hornberger and Richard Ebeling as they explore the benefits of free trade and the folly of tariffs and protectionism.
Finally, we have a story that makes retaliatory sense vs. the widely believed "nuclear" treasury dumping theory.
"In A Few Hours"; Beijing Will Respond
President Donald Trump is fulfilling yet another campaign promise by imposing steel and aluminum tariffs and pushing for further trade renegotiation around the world. While those interested in the principle of "free trade," business leaders, globalis
Defenders and critics of "free trade" and globalization tend to present the issue as either/or: It's inherently good or bad.
I ran across an article the other day whose title was straight out of the Orwellian Twilight Zone. Supposedly, Trump's Tariffs are a Tool for Free Trade.
US steel and aluminum tariffs start Friday. Germany's economy minister is in D.C. But Trump has stringent demands.
Update: Well... ignore everything we wrote below, because as Bloomberg blasted moments ago: MALPASS SAYS HE MISSPOKE ON TALKS WITH CHINA BEING DISCONTINUED. Apparently nobody, anywhere know what is going on anymore:
In a global market with (mostly, so-called) free trade, it's common to see economies that are very specialized, each producing specific goods based on the competitive advantages, incentives, and resources they have available.
The current trading system was never free; Trump's tariffs merely change who gets what...
We would do well to remember his words.
"We stand to lose in a big way"
The purpose of this article is to objectively examine trade policy and its impact on the economy. While there will be discussion of government policy, our review is not negatively nor positively inclined towards any particular administration.
The purpose of this article is to objectively examine trade policy and its impact on the economy. While there will be discussion of government policy, our review is not negatively nor positively inclined towards any particular administration.
Trump says winning a trade war is easy. Really?
One mish reader stands out. He offers a real world example of what happens when trade collapses.
Dave Chappelle is a great comedian. But he may be an even better economist. He certainly understands free trade a lot better than some of the people who are currently in charge of directing U.S. trade policy.
Hopes for a resurgent Q4 GDP may be stymied as the US trade balance dropped to a new post-Trump wide deficit in December of -$53.1bn (worse than expected $52.1bn) as trade imbalances with Europe and China both worsened.
And American solar industry jobs in particular
The renegotiation of the North American Free Trade Agreement (NAFTA) has quieted the mantra that all free trade agreements are good for America. Consequently, we now can analyze NAFTA's impact on the largest segment of American agricultural, the U.
"Sustainability." "Free trade." "Globalism." Does the very mention of these words set you blood boiling? Why? Are you reacting to the actual meaning of the words, or the way those words have been twisted to serve various political agendas
In every trade, both sides benefit, from their own individual perspective. The reason is simple: Each side is giving up something he values less for something he values more.
His "Indo-Pacific Dream"...Trump may have sensed that he appeared too conciliatory towards President Xi and China during his visit to Beijing, and so shortly after doubling down on his parting message to China by tweeting that "I don't blame China