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U.S. President-elect Donald Trump has called tariffs “the most beautiful word in the dictionary.” That is not how other world leaders and CEOs see it. If Trump follows through on his proposal to impose 60 percent tariffs on China and 20 percent on other countries, the potential for disruption and chaos is significant. But beyond […]
Competition with China has become the biggest through line of a highly polarized Washington over the past decade, and a bipartisan commission that advises U.S. lawmakers on China is calling for some drastic measures to help the United States win that competition. Among the 32 recommendations from the U.S.-China Economic and Security Review Commission’s annual […]
U.S. President-elect Donald Trump, the self-proclaimed “tariff man,” campaigned on the promise of ratcheting import duties as high as 60 percent against all goods from China, and perhaps 20 percent on everything from everywhere else. And he might be able to do it—including by drawing on little-remembered authorities from the 1930 Smoot-Hawley Tariff Act, the […]
As U.S. President-elect Donald Trump prepares to return to the White House, global observers watch with a mix of nervousness and caution. Conversations with Chinese academics, economists, and policy insiders reveal a far more nuanced outlook as Beijing dissects the implications of a second Trump presidency. Trump’s 2016 victory caught Beijing off guard, triggering a […]
Kenyan President William Ruto took longer than many African leaders to congratulate Donald Trump for his victory in the U.S. presidential election. Ruto had become a close ally of President Joe Biden’s administration, much to the chagrin of Kenyans, who held monthslong protests against Ruto’s economic policies and alleged corruption in his government. During that […]
At a rally on Monday in Raleigh, North Carolina, former U.S. President Donald Trump vowed, if elected, to impose tariffs of between 25 and 100 percent on Mexico until it curbed migration at the U.S. southern border. Later that day in Pittsburgh, Trump said he would impose a 25 percent tariff on Mexico to crack down […]
When Tesla’s CEO, Elon Musk, endorsed former President Donald Trump, financially supported his reelection campaign, and even attended rallies in swing states, he upended a lot of the politics around electric vehicles (EVs). It used to be quite an easy distinction to make: Climate-conscious Democrats would buy EVs and Democratic Party policies supported EV uptake, […]
Over the last 80 years, the U.S. dollar has become the lingua franca of the global financial system. From Europe to Australia, central banks, companies, manufacturers, and tourists find common language by using the American currency. Today, an estimated $6.6 trillion in daily global transactions involve the dollar. The centrality of the U.S. dollar to […]
The United States and its allies need each other more than ever. That’s the overarching message U.S. National Security Advisor Jake Sullivan sought to convey to an audience in Washington—and beyond—in one of his final public addresses in his current role just two weeks before the U.S. presidential election. Speaking at the Brookings Institution on […]