Donald Trump Declares Economic War on China

September 24, 2018

US tariffs will cause immense pain to China, leading to existential risks to its export-oriented economic model and much pain. After World War II, the US decided to create a new rules-based international order. It was based on institutions such as the United Nations, the World Bank and the...

Donald Trump’s Foreign Policy of One

June 18, 2018

From the G-7 dustup to the flashy photo shoot with Kim Jong-un, US foreign policy is now determined solely by the president's pettiest personal preferences. In the wake of the disastrous G-7 meeting in Canada and the successful summit in Singapore, it’s hard to know what to call US foreign...

The Daily Devil’s Dictionary: “Specializing” Amid Trade Wars

June 14, 2018

Reconsidering the logic of economic specialization in the context of trade wars.  Commenting on Donald Trump’s penchant for starting trade wars, which he sees as the sign of a return to mercantilist thinking, former US diplomat Gary Grappo, writing for Fair Observer, reminds us that “...

America under Trump: From Global Bridge Building to Demolition

June 09, 2018

The US is abandoning one of the G7’s founding principles: free trade. How could that be? Most normal people have an aversion to war. It brings on death, suffering, destruction and incalculable loss. We avoid it usually by diplomacy and negotiation in which all sides manage to get something...

The Daily Devil’s Dictionary: “Rebalance” Trade with Europe

June 07, 2018

Can America, a nation that claims to be leading the world and dominating the global economy, really function while mocking the notion of relationship? CNN has been following the White House’s accounts of conversations between President Donald Trump and European leaders unhappy about the trade...