I watched the CBS Evening News (and the local CBS news) Saturday night, and saw Walter Cronkite’s old haunt uncritically report President Trump’s tweets on his supposed deal to suspend his plan to impose tariffs on Mexican goods, and Trump then praising his deal with Mexico that promises a crackdown on illegal immigration. Apparently, Mexico has also … 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