Strong, Closed, Rich, Alone — Trump Makes Protectionism The New Core Of The U.S. Economy

Strong, Closed, Rich, Alone — Trump Makes Protectionism The New Core Of The U.S. Economy

ROME — For the United States, it’s back to the future. American protectionism has returned, with tariffs that vary by country, but are permanent. Donald Trump wants to go back to pre-1930 America. That was when, in his view, the import duties served the purpose of financing the treasury without income tax. For the latest news & views from every corner of the world, Worldcrunch Today is the only truly international newsletter. Sign up here. The …

Trump trade shock boosts the drab autarky trade

Tariff chaos dragged down the S&P 500, yet recent laggards like tiremaker Goodyear or spud seller Lamb Weston have risen. Protectionism may not clinch industrial rebirth, but as once-easy bets on tech hype stall, a hunt for safe harbors will revive long-suffering value investors.

“Trump wants to make a controlled blast of the U.S. economy.” Towards Purging Day? Luna “We’ll see if it doesn’t come with tariffs on Purging Day,” because the Trump administration has a clear road map, explains José María Luna, partner of Sevilla Patrimonial Advisors. Trump wants to make a blast [...] The entry “Trump wants to make a controlled blast of the U.S. economy.” Towards Purging Day? Luna first appeared on Business TV.

Strong Q4 Profits Mask Growing Trade Threat to U.S. Economy - The Registry

The U.S. economy ended 2024 on a stronger note than initially estimated, with fourth-quarter GDP growth revised up slightly to a 2.4 percent annualized rate, according to the latest Wells Fargo Economics analysis. Corporate profits also surged, posting their largest gain in two years. However, newly released trade data for February signals that net exports could exert a severe drag on first-quarter growth, raising concerns about an economic slow…