Tag: economic
How Brexit, a Startling Act of Economic Self-Harm, Foreshadowed Trump’s Tariffs
Tariffs News analysis Britain’s decision to leave the European Union in 2016 was sold to voters as a magic bullet that would revitalize the country’s economy. Its impact is still reverberating. By Mark Landler Reporting from London Britain has watched President Trump’s tariffs with a mix of shock, fascination and queasy recognition. The country, after…
Trump has turned his back on the foundation of US economic might – the fallout will be messy
President Donald Trump has built another wall, and he thinks everyone else is going to pay for it. But his decision to impose sweeping tariffs of at least 10% on almost every product that enters the US is essentially a wall designed to keep work and jobs within it, rather than immigrants out. The height…
How Tariffs Work—And What Economic Studies Show about Their Real Impact
The Science behind Tariffs and How They Work President Donald Trump is threatening steep tariffs on virtually all imports. Here’s what that means and what economics research suggests would be the impact By Meghan Bartels edited by Jeanna Bryner Container port, Shenzhen, China. Confusion over tariffs has largely shaped the first months of President Donald…
As U.S. Tariffs Become Reality, Canadians Prepare for Economic Pain
Tariffs An expert in the automotive industry says factories may shut down in days as costs skyrocket and President Trump disrupts decades of economic integration with steep tariffs. By Ian Austen and Vjosa Isai Ian Austen reported from Windsor, Ontario, and Vjosa Isai reported from Toronto The trucks that carry about $300 million worth of…
A movement is calling for an ‘economic blackout’ on Friday. Here’s what to know
By Chandelis Duster An organization is calling for a national boycott in the form of an “economic blackout” on Friday, urging Americans not to shop for 24 hours. This movement, spearheaded by The People’s Union USA, a grassroots group, follows the rollback of diversity, equity and inclusion initiatives at several companies, including Target. The boycott…
‘There is nothing here’: the island left behind by Lagos’s economic boom
Politicians in Nigeria hope the country’s largest city will one day look like Dubai, but on nearby Refuge Island people live without electricity For the estimated 2,000 residents of Refuge Island life sometimes feels like that of a refugee. A dozen communities live on the island, which lies in a lagoon on the eastern fringes…
Reeves backs third Heathrow runway as part of push for economic growth
Chancellor Rachel Reeves has backed a third runway at London’s Heathrow Airport as part of a fresh plan to get the UK’s sluggish economy growing. She said Heathrow expansion, which has been delayed for decades over environmental concerns, would “make Britain the world’s best connected place to do business”. In a wide-ranging speech to business…
Chris Mason: Labour must make economic growth ideas work this time
Labour were talking about economic growth for months before the general election and they have been talking about it for months afterwards as well. The thing is, there hasn’t been any, or next to none of it. This is a problem, for the daily lives of millions of us, and the government’s prospects and popularity,…
5 economic papers that lit up our brains — and what they say about our confusing world
Greg Rosalsky We at Planet Money are constantly reading the work of economists and other social scientists to glean ideas, evidence and insights about the economy, and, more generally, the confusing world around us. Often this work provides the seeds for episodes or newsletters. But sometimes they’re just interesting things we learned privately, and we…
World Economic Forum: Will Trump and Davos Herald a New World Disorder
Trump Transition Trump Transition Trump Transition Among the issues likely to be explored at the World Economic Forum this week is the future of Ukraine and its impact on Europe. By Steven Erlanger Steven Erlanger has been covering European diplomacy, NATO and the Ukraine conflict for years. He reported from Berlin. Davos is coming just…
Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe
Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option The UK government has come under pressure from a bond market sell-off and the tumbling pound, heaping pressure on the chancellor, Rachel Reeves, to reassure investors about Britain’s economic and financial position. After a challenging first…
What rising borrowing costs could mean for Labour’s economic plan
Nothing has been more important to the Labour Party under Sir Keir Starmer than economic credibility. Chancellor Rachel Reeves has set out clear fiscal rules, such as getting debt falling as a share of national income by the end of this parliament, and she has made sticking to these rules a crucial test of the…
Trump considers declaring national economic emergency to impose tariffs
Move would allow president-elect to implement broad tariffs after threatening Panama, Greenland and Canada Donald Trump is mulling over the idea to declare a national economic emergency to impose widespread tariffs, CNN reports, as the president-elect escalates threats to seize the Panama Canal, acquire Greenland and force Canada into becoming a US state. The emergency…
Trump threatens Canada with ‘economic force’ amid turmoil over Trudeau exit
With an outgoing PM, suspended parliament and promised harsh tariffs, Canada scrambles to find a new leader President-elect Donald Trump has said the US will use “economic force” against its close ally Canada, doubling down on threats to impose protectionist tariffs on one of the US’s biggest trading partners. The remarks are likely to further…
Trump Raises Using Military or Economic Force to Take Greenland and the Panama Canal
Trump Transition In an hourlong news conference at his Florida club, Mar-a-Lago, the president-elect delivered a hodgepodge of grievances, complaints and false claims. By Michael D. Shear White House correspondent President-elect Donald J. Trump said Tuesday that he would not rule out the use of military or economic coercion to force Panama to give up…