Regardless of whether the former president is ultimately indicted, the case points to a problem that’s bigger than Trump: The U.S. government has become addicted to shrouding its actions behind a veil of secrecy, especially when it comes to national security.
Toughness in the face of China may be good domestic politics, but it is still bad policy if the goal is enhancing U.S. economic power and global security.
As tempting as it to take the rise of conspiracy theories as a singular mark of a partisan internet-fueled age, however, there’s nothing particularly modern or unique about what is happening now.
In an interview this week, President-elect Joe Biden said that he’s not planning to reverse tariffs on Chinese goods imported into the United States as quickly as he plans to reverse other Trump-era policies…
Once Biden undoes some of what Trump has done, he could leave his most indelible and important mark by rolling back that trend in American governance, ceding presidential powers back to Congress and the states, making it harder for any subsequent president to abuse the power of the office.
After weeks of uncertainty following President Donald Trump’s executive order on TikTok—ordering its Chinese parent company to divest its American operations within 90 days—the video app that has stolen the hearts, if not the data, of millions of teens has found an American partner: Oracle.
With the Republican-led Senate only just now unveiling its first draft of a next stimulus package and passage of a final bill dependent on weeks of arduous negotiations between Congress and the White House, the already-tenuous economic recovery just became more tenuous.
And he would recognize in the United States today something very similar to early 1933, that in the throes of a viral pandemic, we are mired in a psychological one as well: we are in the grip of fear, and it is paralyzing us.
Fear of the disease is rational, but the response of “Stay home until there is no fear” is not. We need to start solving this problem — and opening schools, regardless of who says what.
It would be difficult to select a worse moment not just to escalate the rhetoric against China for its culpability in the globalization of COVID-19 but to consider a raft of economic sanctions.
But it also reveals a problem in how the United States has handled the crisis so far: A policy vacuum is being filled by one set of experts rather than a more comprehensive approach that balances risks and shifts when necessary.
he New Deal set the standard for big government intervention. Then came the pandemic of 2020.
This past week, however, one thing became clear: Donald Trump may be exactly the president we need now.
If you detect a note of skepticism already creeping in, it’s because this pseudo-deal deserves not just skepticism but calling out as a dramatic failure of U.S. policy that will have lasting and deleterious effects.
The Trump administration, with its fixation on trade balances and its view that the Chinese have ripped off U.S. consumers for decades, clearly initiated the current trade war. But the truth is that American animosity to the rise of China can’t all be attributed to President Donald Trump.
For those who believe Donal Trump is the worst POTUS ever, let’s stipulate something else: nothing he has done would rank in the top five of what George W. Bush did in the first term of his presidency in terms of sheer, utter, unequivocal harm to the United States.
In March, a website called Fabius Maximus, after the famed leader of the republic in the 3rd century B.C., published a post headlined “America isn’t falling like the Roman Empire. It’s worse.”
As President Donald Trump escalates his trade war with China, the administration is adamant that China is bearing the brunt of the tariffs. “They’re not hurting anybody [in the United States],” White House trade adviser Peter Navarro said on CNN’s “State of the Union” on Sunday. “They’re hurting China.”
The China-US trade conflict is taking a more severe turn. President Trump announced a 10 percent tariff on an additional $300 billion of Chinese imports; the Chinese government responded by allowing its currency, the yuan, to fall to more than 7 to the dollar—the lowest in a decade. The US government then formally labeled China a “currency manipulator,” which carries no formal penalty but sets in motion a process that might lead to sanctions by the International Monetary Fund.
For the British journalist Oliver Bullough, the Paul Manafort trial was simply one more glimpse into a world he calls “Moneyland,” a shadow system of trillions of dollars of hidden assets that transcends nations, feeds corruption and “quietly but effectively” is “impoverishing millions, undermining democracy, helping dictators as they loot their countries.”
When President Donald Trump made good on his promise to be “Tariff Man” this week, he sent economists into a lather, pushed the stock markets onto a wild and largely downward ride, and thrilled parts of his political base, who saw a president finally willing to use his bluntest policy weapon against America’s biggest economic rival.
The yearlong China-U.S. trade war now appears to be in its final stages. Tariffs will be lifted, Beijing will promise to buy more American goods and take a harder stance on technology transfers and industrial espionage, and Trump will declare victory — but it will be Pyrrhic, at best.
The president’s proposed reallocation of federal spending to build his wall is hardly an existential crisis for American democracy.
The U.S.-China relationship seemed to improve last week at the G-20 summit in Argentina. Then, an ominous development: American authorities asked Canada to arrest the chief financial officer of one of China’s largest technologies companies.
It is often said that those who forget history are doomed to repeat it. But identifying the history that we might be foolishly repeating is no easy task. The past is littered with people drawing superficial or incomplete parallels and making bad decisions as a result. Trying to prevent something that isn’t really happening can lead down a rabbit hole of misunderstandings and mistakes.
Zachary reviews three new books, each with a different perspective on America’s role in global politics — and the nation’s future as a world leader.
Relations between the United States and China, which had been slowly deteriorating for several years, have taken a decisive turn for the worse. With all indications pointing to things getting substantially more strained before they get better, talk of a new Cold War has become common. And if that happens, it will be because the United States.
Though Donald Trump defends his deployment of tariffs as a radical shake-up of world trade, he is using a dusty playbook. While the president certainly has the legal authority to impose duties, the statutes on which his administration relies are based an economic order that no longer exists.
Zach Karabell Head of Global Strategies Envestnet joins Yahoo Finance's Jen Rogers and Melody Hahm to discuss Tesla’s stock rebound and the US/Mexico/Canada trade deal.
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In recent weeks, President Trump has threatened tariffs on $500 billion of Chinese imports, on $200 billion of auto imports from various countries and on any nation he perceives as ripping off the United States.