Trade agreements don’t justify the legality of Trump’s emergency tariffs
President Trump seems to have a broad interpretation of his power to impose tariffs, especially as he navigates the ongoing trade conflict with nearly all U.S. trading partners. Under the International Emergency Economic Power Law, the Trump administration has applied tariffs at previously unseen rates, citing national emergencies tied to fentanyl trafficking and a persistent […]
Lula from Brazil Labels Trump a Liar and Declines Trade Talks
Brazil’s President Luis Inacio Lula da Silva asserted on Thursday evening that President Donald Trump “lied” about Brazil being a partner of a so-called poor trading partner, emphasizing that Brazil would not bend to U.S. authority. Lula’s comments came during an official event in Recife, where he responded to Trump’s criticisms of Brazil’s tariff practices […]
Canada Stuck in Trump Trade Discussions Faces 75% Tariff on Chinese Canola
China Imposes Tariffs on Canadian Canola The Chinese Communist Party announced on Thursday that it would impose a hefty 75.8% tariff on Canadian canola products. This decision was based on claims that Canada is intentionally “dumping” products onto the Chinese market, which allegedly harms local farmers. This move seems to be in reaction to previous […]
Current Trade Theory Supports Trump’s Approach to Tariffs
Optimal Tariffs: New Insights Optimal tariffs are much higher than we thought This spring, economists Oleg Itskhoki from UCLA and Dmitry Mukhin from the University of Wisconsin-Madison are revisiting a significant yet controversial question in international economics: when should tariffs be imposed? Their findings, grounded in complex mathematical discussions, reflect the current financial landscape of […]
Trump’s trade conflict with India benefits China.
President Trump’s recent moves to impose sanctions on India, specifically targeting Russian oil imports and imposing tariffs on Indian exports, extend beyond mere trade disagreements. This action could potentially harm the critical strategic partnership the U.S. has with India, especially with China’s increasing military presence in the region. For years, the U.S. has viewed India […]
Australian Dollar strengthens as US-China trade truce continues, RBA decision anticipated.
The Australian dollar is in focus as the Reserve Bank of Australia is set to announce its policy decision on Tuesday. The Trump administration has decided to delay the implementation of tariffs on China by another 90 days. Forecasts suggest the US consumer price index will rise by 2.8% in July. On Tuesday, the Australian […]
Orsted’s stock falls 30% as international trade takes center stage
European stocks are mixed European stocks closed with mixed results, as the regional Stoxx 600 index increased by 0.06%. In London, the FTSE 100 was up nearly 0.4%, while France’s CAC40 decreased by 0.6%. Meanwhile, Germany’s Dax dropped about 0.4%. The world’s largest sovereign wealth fund is cutting investments in Israel Norges Bank Investment Management, […]
The Trade Desk Stock Dropped 39%. Is This a Chance to Buy or a Flawed Idea?
It was a rough day for those involved with the program’s advertising specialists. Would you care to join more? Friday was particularly hard for shareholders of Trade Desk (TTD), which saw its stock price plummet by nearly 39%. This drastic drop followed the release of their quarterly financial report after Thursday’s market close. Initially, the […]
Trade jobs suggested as better options than college degrees for Gen Z students
Rethinking Education for Gen Z Terry Schilling, president of the American Principles Project, is urging Generation Z to reconsider the traditional path of attending university. He feels that, especially in today’s tough job market, many recent graduates are exploring alternative options like skilled trades and entrepreneurship. Schilling believes it’s essential to reevaluate educational investments. “If […]
I Experienced the Injustice of Trade Up Close
Former Senator Scott Brown, who is running for the seat of retiring New Hampshire Senator Jeanne Shaheen, expressed his views about trade inequities during his time as New Zealand’s ambassador in President Donald Trump’s first term. When discussing Trump’s broader agenda, Brown remarked, “I saw trade inequities in New Zealand.” He pointed out the discrepancies […]