Trump’s tariffs will backfire

ON THE CAMPAIGN TRAIL, PRESIDENT DONALD Trump made lofty claims about the benefits of raising tariffs. They will reshore American manufacturing jobs and encourage domestic spending, he promised. “Tari

“The dollar is the cornerstone of US power… it is the main weapon used by the US to maintain its power… [But] as soon as the political leadership decided to use the US dollar as a political instrument

Is Europe’s 80-year-old alliance with America doomed? asks Michael Shear in The New York Times. US president Donald Trump’s threats of 25% tariffs on a slew of European nations, including the UK, for

Is Canada worried? Yes, very. The advent of Donald Trump’s second term as US president a year ago – accompanied by presidential threats about seeking to make Canada the 51st state – dramatically trans

Issue of the week: currency gyrations The “debasement ...

Ray Madoff The Second EstateHow the tax code made an Americanaristocracy192pp. Chicago University Press. £19 (US$25). Vanessa S. Williamson The Price of Democracy The revolutionary power of taxation i