Free Trade
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X @Bloomberg
Bloomberg· 2025-12-01 12:08
The North American free trade trade deal is up for review next year, and one expert is urging Canada to get to be ready for maximum Trump leverage https://t.co/tICaiyUrFB ...
What Economists Got Wrong on Tariffs
Bloomberg Originals· 2025-11-21 09:01
Credit where credit's due, President Trump made a big bet that the US had a magnetic appeal and that would enable him to get a better deal from US trade partners and companies that want to do business in the United States. On the evidence of the last few months, that bet is playing out pretty nicely. Did the economics profession get it wrong on tariffs or is the impact just delayed.Economists don't agree on much. One thing they do agree on is that free trade is good and that tariffs are bad. If we were to t ...
X @Bloomberg
Bloomberg· 2025-11-19 01:52
“The real winner of rules-based free trade has been China” and the US has never met a competitor with a similar scale and willingness to reorder the world, says Singapore’s top diplomat Vivian Balakrishnan in an interview at the #NewEconomyForum in Singapore.Follow the latest, news and updates here: https://t.co/UmzuzSob5x ...
X @Bloomberg
Bloomberg· 2025-11-19 01:28
RT Bloomberg New Economy (@BBGNewEconomy)"The real winner of rules based free trade has actually been China." @VivianBala #BloombergNewEconomy @MyStephanomics⏯️ https://t.co/Sqkf8dKmnN https://t.co/XSRtezW5ut ...
X @Balaji
Balaji· 2025-11-07 15:38
I understand this argument, but the counterargument is simply scale.Empirically, multi-ethnic ideological empires like Rome, the British Empire, Napoleon’s France, the Soviet Union, and the US defeated smaller monoethnic nation states.They defeated them militarily, culturally, economically, and ideologically. And then integrated them. Thereby setting the laws, including the laws of the marketplace.Of course, in each case, rapid imperial expansion may well have laid the seeds of future collapse. But the smal ...
This city in South Korea says it's been devastated by Trump's steel tariffs
NBC News· 2025-10-29 01:18
This is Poan. It's a port city on the southeastern coast of South Korea. Population around half a million.관세가 지금 50% 이상 관세가 계속 지속되면은 우선 여기에 있는 철강 산업의 중요한 그런 업계의 업계가 문을 닫거나 앞으로이 사업을 포기해야 될지도 모릅니다. That right behind me is Pasco. It's the largest steel company in the city and actually one of the top 10 in the world.The mayorid >> 철강 산업이 여러 가지 그 1차, 2차, 3차 이렇게 생태계를 조성하고 있는데 그 생태계가 잘못하면 깨질 수가 있다. 이거지. 그걸 이제 걱정했 대통령이 여기 한번 하셨으면 좋겠어요.이 바로 한 30밖에 안 걸리니까 우리가 그동안에 미국하고 국제 사회가 한국을 포함해서 자유 무역을 통해서 서로 상호 발전할 수 있는 그러한 시장 ...
Ex-Trump adviser: Current economy makes you 'feel proud to be an American'
Youtube· 2025-10-28 05:45
Economic Policies and Trade - Discussion on Trump's tariff policies and their negative impact on the market, referencing a historical market crash in 1929 due to tariffs [2] - Debate on whether Trump is a free trader, with arguments suggesting he uses tariffs strategically for better trade deals [3][7] - Ronald Reagan's approach to trade is highlighted, noting that he was fundamentally a free trader but also utilized tariffs strategically [5][9] Market Performance and Economic Outlook - Current U.S. economy and stock market performance is described as booming compared to stagnant economies in Europe, Japan, and a recession in China, attributed to deregulation, lower taxes, and energy policies [10][11] - The potential for Argentina's new leadership under Malay to stabilize the economy through currency reforms and spending cuts is discussed [12][14] Taxation and Wealth Distribution - Criticism of New York City's political climate, particularly targeting billionaires as the source of economic problems, with a counterargument emphasizing the importance of wealthy individuals in job creation [20][21] - Florida's tax policies are highlighted, noting that the absence of an income tax has led to significant income inflow from other states, totaling $1 trillion [22][23]
Ontario Premier Doug Ford: Reagan is ‘spinning around in his grave’ over Trump’s tariff policy
NBC News· 2025-10-27 21:13
Trade Relations & Tariffs - Tariffs on Canada are viewed as a tax on Americans, negatively impacting job creation and increasing inflation [3][4] - Free trade with Canada creates more jobs and opportunities in both the US and Canada [3] - Ontario is a major trading partner for the US, being the number one partner for 15 states and number two for 12 others [5] - The speaker advocates for an "Amcan Fortress," emphasizing the close alliance and trading partnership between the US and Canada [8] Trade Actions & Negotiations - Ontario, as a large purchaser of alcohol, is considering removing US liquor products from shelves until a fair trade deal is reached [9][10] - Ontario is onshoring products to reduce reliance on the US due to the ongoing trade war [11] - The speaker is actively communicating with US governors, senators, and congressmen to advocate for a trade deal [17] Advertisement & Public Opinion - The advertisement aimed to inform Americans about the harmful effects of tariffs and protectionism [2] - The advertisement generated significant media attention, with over 114 billion (11.4% billion) impressions worldwide [12] - The speaker defends the use of Ronald Reagan's words in the ad, stating they were taken from the public domain [6] Ontario's Economic Role - Ontario is described as the engine of Canada, with 15 million (1.5% million) people [14] - Ontario provides energy to 15 million (1.5% million) homes in New York, Minnesota, and Michigan [17] - Ontario possesses significant rare earth minerals and is willing to supply them to the US [15][16]
Why This Canadian Ad With Reagan's Voice Angered Trump | WSJ News
WSJ News· 2025-10-24 21:12
Trade Policy & International Relations - The ad from Ontario, Canada quoted former President Ronald Reagan on the perils of protectionism and tariffs [1] - The Reagan Foundation stated the ad misrepresented Reagan's comments, but a closer look suggests otherwise [2] - Reagan's administration generally favored free trade, participating in discussions that led to the World Trade Organization [5] - Trump criticized the ad and threatened to cut off trade discussions with Canada [6] - Ontario Premier Doug Ford paused the ad campaign to facilitate trade talks with the US [6] - The US and Canada are discussing reducing US tariffs on Canadian steel and aluminum [7] - A review of the US Mexico Canada free trade agreement is scheduled for next year, injecting tension into negotiations [7] Tariffs & Trade Barriers - Tariffs can offer short-term protection but hurt American workers and consumers in the long run [3] - The US once imposed a 100% tariff on Japanese semiconductors due to concerns about dumping [4] - Reagan generally opposed tariffs, viewing them as a bad policy decision [4]
X @Bloomberg
Bloomberg· 2025-10-20 07:50
India’s central bank is taking active steps to allow free-trade partners to settle transactions with it more easily in the rupee, a person familiar with the matter says https://t.co/yXHQ6I5IDX ...