Trump Heads To Nuclear Talks In Singapore After Alienating Allies In Canada

Trump on the south lawn of the White House with short statement about bringing Russia back into G-7 group

by Richard Cameron   If Donald Trump gets the Singapore summit with North Korean dictator Kim Jong-un as wrong as he just got the G6+1 meeting in Canada – the US is going to get taken to the cleaners, bigly. Former U.S. Ambassador to Russia, Michael McFaul put it in these terms:       Trump, as has been reported, slunk out of the meetings in Charlevoix, Quebec, pouting and grumbling that the other national leaders did not dance to his tune the way the GOP Congress has for the past…

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Here’s The Problem With Trump’s Trade War: Trade Deficits Aren’t Necessarily Bad

WPA poster titled First Foreign Trade Zone - artist Jack Rivolta. Produced 1937 during New Deal trade initiative.

by Tony Wyman Trade War Between Trump And Credible Economists You could hit an imported Chinese golf ball into a room full of economists and have a pretty good chance of not hitting one who agrees with President Trump‘s trade kerfuffle with China.  Why?  Because, unlike the president, most economists think trade deficits aren’t a bad thing.  In fact, some even think they are good. How can that be?  Doesn’t it make sense that we are losing against China if they are selling us more than we are selling them? …

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The Derailing of the Trump Presidency and Why Many Supporters are Finally Walking Away

By Janice Barlow PRESIDENT TRUMP HAS ANGERED MANY on the right from the start. They didn’t vote for him, didn’t back him, and some grudgingly gave him a nod when he did the occasional good thing that they expected from a president who wasn’t Obama. I struggle to think of an example beyond Neil Gorsuch, a name picked from a list of semi- to completely conservative SCOTUS justice picks that any Republican president would have chosen acceptably from. Of course, the response is always: But Hillary wouldn’t have! Let’s move…

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Smoot-Hawley Tariff Act: No Tariff Goes Unpunished

photo of Senator Smoot and Congressman Hawley, authors of the Smoot-Hawley trade tariff of the 1920s that many economists consider a major contributing factor to the onset of the Great Depression in America and internationally

by Lynda Bryant-Work As President Donald Trump rolls out more and more tariffs and trade partners are angered – the warnings of the 1930 Smoot-Hawley Tariff Act are ignored by the administration. Most Americans have not heard of the legislation and have no conception of how disastrous it was, as once again the pendulum swings from free trade to protectionism. The tariff act is a story and piece of history of a bill going off the rails, off a cliff and helping sink the world economy. Senator Reed Smoot, Republican…

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Newspapers Face Rising Costs Due To Trump Commerce Department Tariffs

by Lynda Bryant-Work Community newspapers are being threatened by a newsprint tariff imposed on Canadian paper mills by the Trump administration in January. In a decision opposed by some Republicans, the U.S. Commerce Department imposed a 22.16 percent import tariff on Canadian newsprint companies it says are unfairly pricing their paper against U.S. mills. A final decision in the investigation is expected about Aug. 2, the Commerce Department said, but U.S. Customs authorities began collecting cash deposits immediately from Canadian importers based on the preliminary duty rate. The tariffs issue…

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