Wall Street Journal (July 10)
The “dismal reality” is that Trump’s “border taxes are raising costs and have failed to usher in a manufacturing renaissance. His tariffs are “destroying U.S. jobs and raising prices.” The U.S. has shed “some 75,000 manufacturing jobs since January 2025” and it’s estimated Trump’s tariffs added 10.4% to new car sticker prices. Basically, “businesses don’t know what the trade rules or tariffs will be in a few years—or even tomorrow with Mr. Trump. His trade oscillations and border taxes are a major reason the economy hasn’t performed as well as during his first term, and why Americans are so unhappy.”
Tags: Border taxes, Businesses, Cars, Costs, Destroying, Dismal reality, Economy, Failed, Jobs, Manufacturing, Oscillations, Prices, Trade rules, Trump’s tariffs, U.S., Unhappy
The Economist (September 23)
“Tensions over China’s industrial might now threaten the architecture of the global economy. America’s trade representative this week called China an ‘unprecedented’ threat that cannot be tamed by existing trade rules. The European Union, worried by a spate of Chinese acquisitions, is drafting stricter rules on foreign investment. And, all the while, China’s strategy for modernising its economy is adding further strain.”
Tags: Acquisitions, China, EU, Foreign investment, Global economy, Strain, Tension, Threat, Trade rules, U.S.
