LAST YEAR America charged levies averaging 2% on its imports of goods. Following the launch of President Donald Trump’s trade war, it now has an “effective” tariff of over 16%, the highest since the 1930s (see chart 1). And rates could go even higher. Mr Trump has written strongly worded letters to many of America’s biggest trading partners threatening further levies on August 1st.
All major American professional sports have a time of year when they capture the eyes of the nation. America’s pastime,...
Yves here. Because my cats who lived to be old (one died at 16 and the other, 18) were robust...
NY Fed’s John Williams believes the CPI data was distorted downward. Williams stated that the economic data blackout caused by...
Unsurprisingly, the electoral commission in Honduras has declared the Trump-backed candidate, “Tito” Nasry Asfura, as the winner of the presidential...
Due to wartime inflation of bills of credit (“Continentals”) during the American war for independence and the predictable economic effects,...
Many view Charles Dickens as the inventor of modern Christmas. This is largely due to his beloved 1843 novella A...
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