Wolff says the Trump administration’s tariff strategy is borne out of an ahistorical “notion of the United States as a victim” despite the fact that “we have been one of…
Donald Trump has imposed high tariffs on countries around the world, falsely claiming they are “reciprocal”. Trump’s deeply contradictory policies will likely backfire, hurt the US economy, fuel inflation, and…
America’s trade deficit is a measure of the profligacy of America’s corporate ruling class, more specifically the result of chronically large budget deficits resulting from tax cuts for the rich…
Import taxes will be passed onto the consumer, while the rich will prosper from slashed taxes.
Following Trump’s imposition of a 10% additional tariff on Chinese imports, China filed a complaint in the WTO and levied its own tariffs and restrictions in retaliation.
Donald Trump’s tariffs could destabilize the global economy, warns economist Michael Hudson. US protectionist policies could cause financial crises, as many currencies depreciate and countries can’t earn the dollars needed…
"It's 'tariff-ying' and nauseating to watch President Trump and his Republican allies in Congress celebrate as they impose tariffs that will raise costs for the rest of us," one advocate…
Trump’s protectionist policies threaten to radically unbalance the balance of payments and exchange rates throughout the world, preventing debtor countries from earning the dollars needed to pay their foreign debts.…
Donald Trump’s tariffs will not reduce US public debt. The federal deficit will keep growing, but they will be an excuse to further cut taxes on the rich and to…
By Glenn Greenwald / System Update
Trump threatens Mexico, Canada, and China to increase tariffs on products from those countries until migrant arrivals and drug imports decrease. The three countries responded.
In what it called “China Week”, the US House of Representatives approved 25 anti-Chinese laws over a few days, in bipartisan votes. Cold War Two fervor is reaching fever pitch…
