Trade War
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Donald Trump’s ‘big, beautiful’ tax bill
29 May 2025 - by Michael Roberts
The US House of Representatives, the lower house of Congress, in which the Republican party has a slender majority, has passed President Donald Trump’s government budget proposals. Trump calls this “The Big, Beautiful Bill”. It would extend (…) -
Australia: stuck in the middle
2 May 2025 - by Michael Roberts
The island continent of Australia holds a federal election today (Saturday) with the country stuck in the middle of the trade war between the US and China. Around 18m Australians are eligible to vote and voting is compulsory (although the (…) -
Canada: election under the shadow of Trump
28 April 2025 - by Michael Roberts
Canada has a snap general election today. It’s been called by the new prime minister Mark Carney, the newly elected leader of the incumbent Liberal party. government. The Liberals had been led by Justin Trudeau for years, but he stood down in (…) -
There will be blood
25 April 2025 - by Michael Roberts
“There will be blood” was the response of economists at JP Morgan, America’s biggest bank, on ‘Liberation Day’ (2 April), when Donald Trump announced his ‘reciprocal’ tariffs on all US imports. JP Morgan raised the probability of a global (…) -
Made in Sri Lanka, Taxed in America, and Failed by the IMF
9 April 2025 - by Taniya Silvapulle
On 2 April 2025, U.S. President Donald Trump announced the ‘Liberation Day’ tariffs, imposing trade measures on partners across the globe. The policy included a baseline 10% tariff on all imports, along with strict, country-specific ‘reciprocal (…) -
Trump tariffs seen from contradictory angles
8 April 2025 - by Patrick Bond
Donald Trump’s paleo-conservative, isolationist attack on global capitalist trade is already having formidable impacts. If tariff levels and targeted announced on ‘Liberation Day,’ April 2, are sustained, a full-blown economic catastrophe could (…) -
Trump’s tariffs – some facts and consequences (from various sources)
7 April 2025 - by Michael Roberts
1. The overall impact of Trump’s tariff hikes is to raise the average tariff rate on US goods imports to 26%, the highest level in 130 years. 2. The formula used to establish the tariff for each country exporting to the US is not related to (…)
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