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.
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Part the First: The Sabotage of American Science. For much of the past forty years I have been in the...
Of all the issues facing the Federal Reserve’s new chairman, Kevin Warsh, one that gets little public attention is the...
As we approach the 250th anniversary of the Declaration of Independence, it is likely that we will hear a common,...
When Winston Churchill was named Chancellor in November 1924, he is said to have assumed it was the largely ceremonial...
Commuters on April 20, 2026 in London, United Kingdom.Rasid Necati Aslim | Anadolu | Getty ImagesThe U.K. economy shrank by...
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