Tariffs on imports have been at the heart of Donald Trump’s economic policy since the start of his second term in the White House. And while the president believes that tariffs will be beneficial to the US economy, many eminent economists disagree. Here are three reasons why.
When the full, unexpurgated diaries of the Conservative MP Sir Henry “Chips” Channon were published in 2021, these disarmingly frank accounts of his aristocratic life in mid-20th century Britain caused a stir. They revealed the inner thoughts of a renowned social climber and rightwing snob, whose political career never recovered from his record as an appeaser of Nazi Germany.
Guguart/ShutterstockIn the upcoming budget, Chancellor Rachel Reeves is expected to raise the minimum wage to £12.70 an hour: £26,416 annually for a full-time job. This means that the gap between salaries for minimum wage jobs and those for professional jobs that require a degree is shrinking fast.
The UK chancellor, Rachel Reeves, has made it clear that taxes will go up, and more cuts to welfare spending are on the horizon. The moves will be deeply unpopular and controversial – but in an extraordinary press conference ahead of the UK budget on November 26, Reeves made it clear that she believes both will be necessary.
In late October Argentina’s president, Javier Milei, won a decisive victory in the country’s midterm elections. The scale of the result caught most political commentators off-guard. It now gives the president the legislative capacity to push through his much touted programme of labour and tax reforms.
Melnikov Dmitriy/ShutterstockSustainable or responsible investing has experienced huge growth over the past decade. This investment approach is anchored in environmental, social and governance principles and is known as ESG.
William Perugini/ShutterstockMore than five years into the homeworking revolution, a narrative seems to have emerged – of employees being hauled back to the office against their will. This contrasts with what COVID taught us: that people can work flexibly, benefit from not commuting, and even work for employers based far from their home – expanding the labour pool for employers.
In fact, both of these arguments are oversimplifications.
It was 12 out of ten, said US president Donald Trump when reporting back on his meeting with his Chinese counterpart Xi Jinping. The two men met in the South Korean city of Busan on October 30, the first time they have come together face to face since 2019.
That, in itself, must be seen as progress after months of rising tensions. Since Trump returned to the White House in January, the world’s two biggest powers have squared off in what has threatened to become an increasingly damaging trade war.
China’s president, Xi Jinping, has met with his American counterpart, Donald Trump, for their first face-to-face talks in six years. Trump emerged from the meeting in South Korea in a buoyant mood, describing it as a 12 on a scale of one to ten. He is now saying the US will lower tariffs on Chinese imports, with Beijing giving the US better access to rare earths in return.
Roman Larchikov/ShutterstockEvery product we touch has a footprint. A phone, a fridge, a hospital syringe. Each begins and ends in the same place: the planet’s resources.
The EU’s recent ecodesign for sustainable products regulation aims to break the cycle of take, make, waste by forcing manufacturers to think circularly. Products will need to last longer, be easier to repair and feed back into the economy instead of the landfill.
