An article on the eve of August 12, the day when Trump tariffs come into force against dozens of countries, including China. Introduction When Trump announced – the so-called “Liberation Day” tariffs – on April 2, 2025, during a White House Rose Garden address, he framed it as an act of economic nationalism. The accompanying […]
On April 2, President Trump announced sweeping tariffs on nearly 90 countries, claiming they were “Reciprocal Tariffs.” But as it turned out, the only thing they reciprocated was confusion. The rates bore no resemblance to the tariff these countries were charging on imports from USA. Instead, the tariff math seemed to follow a logic of
Unilateralism Unleashed: The Global Risk of U.S. Trade Policy Read More »
Tariffs have been making headlines again. The U.S. government, under President Donald Trump, imposed a 25% duty on imports from Canada and Mexico and an additional 10% duty on goods from China. There were also threats to impose tariffs on other countries with which the U.S. has a trade deficit. Since India has a trade
Why Tariffs Hurt Everyone Read More »
The CARES Act Trump lost the US Presidential election primarily because of his irresponsible response to Covid-19. Despite the mounting death toll from the spread of the virus, Trump aggressively promoted defiance of masking and social distancing – a policy endorsed by his own administration! The in-person rallies he held across the US, with the
Unintended Consequences of Policy Choices Read More »
