by Trade Correspondent L.C. Fifteen percent tariffs on tools, clothing, some footwear, and many electronics were imposed on China yesterday by the US, today’s Wall Street Journal reports. Additional 15% tariffs will be imposed on smartphones, laptops, toys, video games and other products starting on Dec. 15th. Consumers may soon be noticing increased retail prices. […]
Progressives’ taxes mix bad economics with envy
by Richard Schulman Progressives are proposing four new taxes to finance their costly spending plans and to supposedly reduce inequality: A wealth tax (Senator Elizabeth Warren [D-MA]); An accelerated (Senator Ron Wyden [D-OR] or increased (former Vice-President Joe Biden) capital gains tax; A financial transaction tax (Representative Peter DeFazio [D-OR] and Senator Brian Schatz [D-HI]); […]
Fed blunders created the inverted yield curve
by Trade Correspondent L.C. and the Editor Of the two threats to continued growth of the US economy — the inverted yield curve and the US-China trade war — the first is the most immediate threat and has been fostered by flawed Federal Reserve policy. By accelerating and deepening investor concern, the inverted yield curve […]
Industrial policy’s strange bedfellows
by Richard Schulman “National Conservatism” (NC) has sometimes been characterized as an attempt to fashion a coherent political theory and program out of President Trump’s unpredictable policy-making. Its spokesmen include Fox News commentator Tucker Carlson and the City Journal‘s Oren Cass. They are calling for a national industrial policy as a fulfillment of National Conservatism’s […]
Administration’s trade and currency policies are contradictory
by Trade Correspondent L.C. In this odd week for US-China ties, President Donald Trump formally accused Beijing of being a currency manipulator while also calling for the US to manipulate the dollar lower. This raises the question of whether the Trump Administration will directly intervene in the currency markets to devalue the dollar. That’s something […]
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