On a grey afternoon outside the White House, President Donald Trump promised that his tariff plan would “Make America Wealthy Again”. The world’s financial markets took a different view. Investors were shocked by the height and breadth of the new tariffs. According to Evercore ISI, a research firm, the new levies will raise America’s effective tariff rate from about 2% at the end of last year to 24%, the highest for over a century. It was, as Mr Trump said, a “historic” day.
Yves here. In Friday’s Links, reader Michaelmas made some important observations about the US nuclear fuel model, which does only...
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Human conflict is an intrinsic part of human nature; it is as natural as tears. As Leo Strauss wrote, in modern...
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