Mexico’s president, Claudia Sheinbaum, wants to send Cuba some desperately needed oil. Donald Trump sent the US Navy into the Caribbean to make sure that doesn’t happen.
Trump replaced NAFTA with the United States-Mexico-Canada Agreement in 2020. But his USMCA has so far failed to make trade work for North American workers.
Capitalism is a global economic system, so a proper chronicle of its rise to dominance has to examine the entire world, as historian Sven Beckert does in his massive new book, Capitalism: A Global History.
The US has tried to use economic and military pressure to maintain a dominant position in Asia, but the rise of China and the region’s agenda have made it increasingly difficult.
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Labor historians should be particularly concerned about Trump’s misuse of tariff history because his tariff policies remain popular with many working-class voters and labor union leaders despite the recent economic meltdown they have caused.
It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.
Donald Trump is doing everything he can to convince the world that, under his leadership, the United States is an unreliable trading partner.
Your stock portfolio may grow. But say goodbye to next year’s raise—and maybe even your job. Donald Trump’s election provides a useful occasion to examine the difference between what rich people want and what constitutes a thriving economy.
China is now Africa’s largest trading partner, with partnerships focused on building roads, railways and energy projects.
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