Tariffs
Analysis: Can't handle the whims of a mad king
Permanent tariffs are bad for the economy, but companies can mostly find ways to live with them, writes Nobel Prize-winning trade economist Paul Krugman on Substack and continues:
"What companies can't handle is that trade policy is governed by the whims of a mad king, where no one knows what tariffs will come next week, let alone over the next five years," Krugman writes.
"Confidence" is, according to Krugman, an overrated economic indicator, but perhaps not now that Trump and his advisers are constantly contradicting each other and the tariffs follow such an "economically stupid formula that it's still an open question whether it was developed by a new hire or Chat GPT."
Kamal Ahmed writes in an analysis for The Telegraph that "everything, everywhere, at the same time" is rarely a good strategy in politics. In economics, it is a disaster, and especially when "everything" includes islands inhabited only by penguins as well as the world's most powerful countries and economic blocs, Ahmed writes.
"The American century will not end with a whisper but with a deafening crash. The cost to economies in the West, including his own, will be high and border on destruction," Ahmed concludes.
Analysis: Can't handle the whims of a mad king
Permanent tariffs are bad for the economy, but companies can mostly find ways to live with them, writes Nobel Prize-winning trade economist Paul Krugman on Substack and continues:
"What companies can't handle is that trade policy is governed by the whims of a mad king, where no one knows what tariffs will come next week, let alone over the next five years," Krugman writes.
"Confidence" is, according to Krugman, an overrated economic indicator, but perhaps not now that Trump and his advisers are constantly contradicting each other and the tariffs follow such an "economically stupid formula that it's still an open question whether it was developed by a new hire or Chat GPT."
Kamal Ahmed writes in an analysis for The Telegraph that "everything, everywhere, at the same time" is rarely a good strategy in politics. In economics, it is a disaster, and especially when "everything" includes islands inhabited only by penguins as well as the world's most powerful countries and economic blocs, Ahmed writes.
"The American century will not end with a whisper but with a deafening crash. The cost to economies in the West, including his own, will be high and border on destruction," Ahmed concludes.
Experts warn of new stock market crashes after the collapse
Experts warn of new declines in the tariff chaos when the world's stock markets open after the weekend, writes TT. The fact that the fear index Vix rose to panic levels on Friday makes it difficult to see that the anxiety will disappear by Monday's opening, says Swedbank's chief economist Mattias Persson.
Danske Bank's senior strategist Maria Landeborn believes that even Donald Trump has a pain threshold for when he is willing to start negotiating.
- If we get another 10 percent decline on the American side, a few days of steep declines and extremely high volatility, then we should approach a point where Donald Trump's willingness to negotiate also increases, she tells TT.
Votes on tariffs
Swedish-born advisor: "The USA is the victim, not the perpetrator"
Everyone thinks Europe is so nice and Donald Trump is the bully, but that's not the case at all, says Swedish-born Tomas Philipson, who was an advisor to Trump during his first term in office.
- The USA is the victim, not the perpetrator, in international trade policy, Philipson tells Svenska Dagbladet.
Philipson hopes that the tariffs will eventually lead to greater free trade as he believes that Trump's move could be what is needed to bring other countries to the negotiating table.
Fear among the elderly after stock market crash: "It's going so fast"
Millions of Americans who have retired or will soon retire saw the values of their retirement accounts drop sharply during last week's stock market collapse, reports NBC News.
A year ago, more than half of Americans over 50 were worried that their retirement savings would not be enough. Many fear that their standard of living will deteriorate and after Trump's tariffs, they have started to review their spending.
"It's happening so fast. Everything is falling apart so quickly," says 63-year-old Benajah Cobb, who wants to introduce control mechanisms that limit the president's power in certain matters.
Swedish-born advisor: "The USA is the victim, not the perpetrator"
Everyone thinks Europe is so nice and Donald Trump is the bully, but that's not the case at all, says Swedish-born Tomas Philipson, who was an advisor to Trump during his first term in office.
- The USA is the victim, not the perpetrator, in international trade policy, Philipson tells Svenska Dagbladet.
Philipson hopes that the tariffs will eventually lead to greater free trade as he believes that Trump's move could be what is needed to bring other countries to the negotiating table.
Fear among the elderly after stock market crash: "It's going so fast"
Millions of Americans who have retired or will soon retire saw the values of their retirement accounts drop sharply during last week's stock market collapse, reports NBC News.
A year ago, more than half of Americans over 50 were worried that their retirement savings would not be enough. Many fear that their standard of living will deteriorate and after Trump's tariffs, they have started to review their spending.
"It's happening so fast. Everything is falling apart so quickly," says 63-year-old Benajah Cobb, who wants to introduce control mechanisms that limit the president's power in certain matters.
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