Mr. “trade wars are easy to win” is blowing up the world’s economy with his 19th Century trade war with China, and is ensuring a global recession. The day began with Beijing’s announcement that it would levy new tariffs on $75 billion in goods, including reinstated levies on auto products, starting this fall. It all … Read more
America’s Midwest is experiencing the worst flooding since the Great Food of 1993. “Many farmers across wide swaths of the Midwest have rarely seen days dry enough to work, leading to what agricultural experts are calling a historically delayed planting season that could exacerbate the economic and personal anxieties brought on by a multiyear slump … Read more
I covered this from a macroeconomic impact in ‘Trump Taxes’ would be paid by American consumers on Mexican goods, but the Arizona Republic covers the microeconomic impact on Arizona. Arizona leaders predict ‘terribly damaging’ effects from Mexico tariffs “Trump taxes”: Arizona leaders in business and economics reacted to President Trump’s Mexico tariff plan with harsh … Read more
Anti-tax crusader Grover Norquist, the founder and president of Americans for Tax Reform, said on Friday that “tariffs are taxes” … “They’re taxes on American consumers and producers who use imported products. We need to get those tariffs down as quickly as we can.” Grover Norquist urges Trump to get rid of trade tariffs, calling them taxes on … Read more
The failure of the U.S.-China trade talks was another blow for American farmers, who just a few weeks ago thought a trade deal was imminent. They now begin another growing season with uncertainty about who will buy their crops and whether they can break even. Frustration Mounts Among Farmers as China Trade Talks Break Down: … Read more