The team in the White House is well aware that any increase in tariffs serves as much to reduce U.S. trade with the rest of the world as it does to penalize the American consumer.
A year after his winning the White House, unbelievable is the new normal.
While it may be that Trump's positions may not have a major effect on trade or economic relations as a whole, they have to be generating concern on the part of many working in trade, investment and financial or money markets.
Tax reform may have a combined effect far beyond the U.S., because the financial burden from the huge tax cut is, in fact, equivalent to the financial implementation of the quantitative easing policy.
The future, including the economic future, tends to largely resemble the present. Economic projections are made as if they are preludes of fabulous changes, but most of them, if not all, are simple extrapolations of what is already known today. Real, significant economic or political changes are unpredictable; in fact, [Read more]