President Trump has surely hit a new low with his threats to impose tariffs on European allies for daring to challenge his ambition to “acquire” Greenland. But the UK should not overreact and especially should not retaliate, whether with tariffs of our own or with other economic and financial sanctions. For a start, Trump’s latest … Continue reading How should the UK respond to Trump’s tariff threats over Greenland?
Tag: Liberation Day
Trump’s ‘reciprocal tariffs’ make no economic sense
The Trump administration’s decision to impose additional tariffs on imports into the US is bad economics, motivated at least in part by bad politics. TTo recap, the new “reciprocal tariffs” will be set according to the 2024 figures for US trade in goods - completely ignoring trade in services. They are based on a formula … Continue reading Trump’s ‘reciprocal tariffs’ make no economic sense
Plain-speaking Economics 