How To Win A Trade War

The tweet came before 6 a.m., as President Trump’s tweets often do. It was early March, and the Trump administration had just announced steep tariffs on imported steel and aluminum. That did not make China or America’s European allies happy. Last week, after the U.S. imposed tariffs on $60 billion worth of Chinese goods, it was reported that China would respond with their own tariffs on $3 billion of U.S. goods.

Continue Reading
0315_TarrifsBanks 4×3

Tariffs And Bank Regulations Are Splitting Both Parties In The Lead-Up To The Midterms

We think of today’s Washington as being rigidly divided along party lines on nearly every issue. But a bloc of Democrats in the Senate just joined with Republicans and the Trump administration on a bill that would lighten some restrictions on banks imposed by the Dodd-Frank financial regulation law, one of President Obama’s signature policy achievements. Meanwhile, some congressional Republicans are considering legislation that would stop President Trump’s new tariffs on steel and aluminum imports, which several Democrats and labor leaders have publicly supported.

Continue Reading
American dollars debt

Everyone Tries To Dodge The Tax Man, And It Keeps Getting Easier

Al Capone was busted for tax evasion. Leona Helmsley was, too. But gangsters and entitled millionaires aren’t the only ones who hold something back from the tax man. Each year, Americans of all stripes underpay the IRS by hundreds of billions, aided by the fact that the agency lacks the resources to catch all the cheaters.

Continue Reading
NKOREA-MILITARY-PARADE

Trump Is In A Worse Position With North Korea Than Obama Was At The Start Of The Iran Talks

President Trump boldly announced last week that he would meet with North Korean leader Kim Jong Un to talk disarmament, working to fulfill his recent State of the Union promise to prevent Pyongyang from obtaining nuclear missiles that could hit the U.S. homeland. In making that pledge, Trump declared, “I will not repeat the mistakes of past administrations.”

Continue Reading