An attempt to divine the political roots of Trump’s trade and tariff policies.
Recent Items
Sunday, July 6, 2025
Why America Is Acting This Way on Trade: A Globotics Shock, a Failed Social Policy, and Middle-Class Fury
Topics: China, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 3:22 am | 39 Comments »
Blockbuster Deal Will Wipe Out $30 Billion in Medical Debt. Even Backers Say It’s Not Enough.
A program that purchased medical debt at a deep discount, while effective, still reinforces a predatory system.
Topics: Credit markets, Guest Post, Health care, Income disparity, Legal, Ridiculously obvious scams, The destruction of the middle class
Posted by Yves Smith at 1:00 am | 6 Comments »
Coffee Break: Across the Pond With the Starmer Government
Britain really needs a new government as the current Starmer government appears to be leading the country off a cliff with their policie
Topics: Banana republic, Coffee Break, Europe, Guest Post
Posted by Kevin Kirk at 2:00 pm | 29 Comments »
Links 4/7/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 162 Comments »
Focus on Market Rout from Overvalued Levels Diverting Attention from Real Economy DOGE, Particularly Social Security and Depth of Tariff Damage
The focus on the market rout pervesely distracts attention from Trump’s massive and probably durable real economy destruction.
Topics: Economic fundamentals, Federal Reserve, Free markets and their discontents, Globalization, Income disparity, Investment outlook, Politics, The destruction of the middle class
Posted by Yves Smith at 6:54 am | 83 Comments »
‘Greater Türkiye’ Faces Major Headwinds Abroad and at Home
Restless nationalists play role in protests at home while Türkiye runs up against US-backed Greater Israel in Syria. The great unknown: will the millions of Takfiris in Türkiye step into the ring?
Topics: Europe, Middle East, Turkey
Posted by Conor Gallagher at 6:00 am | 10 Comments »
Trump Tariffs Run Over Already-Desperate Car Industry; Higher Prices, Job Cuts, and Supplier Closures Baked In
The tariff situation has developed not necessarily to the advantage of the car industry.
Topics: Auto industry, China, Doomsday scenarios, Economic fundamentals, Europe, Free markets and their discontents, Globalization, Income disparity, Politics, Taxes, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 5:55 am | 53 Comments »
Trade War Just Crashed Crude. Demand Might Be Next
Are the tariffs more likely to change patterns in the global oil market than really kill oil demand?
Topics: China, Commodities, Energy markets, Globalization
Posted by Conor Gallagher at 4:00 am | 11 Comments »
Links 4/6/2025
Topics: Links
Posted by Haig Hovaness at 6:55 am | 204 Comments »
As Global Conflicts Rage, Has Neoliberalism Already Won?
If we look at the “Great Game” through the lens of internecine strife of the global neoliberal elite, does it matter who wins?
Topics: China, Doomsday scenarios, Globalization, Privatization, Russia, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 34 Comments »
USDA Cuts Hit Small Farms as Trump Showers Billions on Big Farms
The dollars helped schools and food banks buy from small farmers, boosting the local food system.
Topics: Commodities, Guest Post, Market inefficiencies, Real estate, Social policy, Social values, The destruction of the middle class
Posted by Conor Gallagher at 5:00 am | 15 Comments »
Links 4/5/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 197 Comments »
Trump’s Tariffs Are Extremely Dumb, Just Not For The Reasons You Might Think
The massive Trump tariffs are a con on a global scale. Trump is not rejecting the corporate trade model. He’s weaponizing it.
Topics: Banana republic, Dubious statistics, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 5:21 am | 70 Comments »
Trump’s Non-Cooperative Game
Game theorists do not take a kind view of how Trump is going about things.
Topics: Globalization, Guest Post, Politics, The dismal science
Posted by Yves Smith at 4:56 am | 37 Comments »
Coffee Break: The Powell Memo Kills American Science, Driving While Nonwhite Is Hazardous, and Science Can Recover but It Will Take Patience and Persistence.
Can medical science recover from the Powell memo and Project 2025 via slow science?
Topics: Coffee Break, Guest Post, Health care
Posted by KLG at 2:00 pm | 17 Comments »