Reindustrializing is a worthy goal, but it'll take more than tariffs

Guest View: Reindustrializing America is a worthy goal, but it'll take a lot more than tariffs

The following editorial appeared in the Pittsburgh Post-Gazette. It does not necessarily reflect the opinion of The Meadville Tribune.

Orange Swan vs Red Dragon

A “black swan event”, as defined by the risk analyst Nassim Nicholas Taleb in 2007, is a surprise occurrence that has a major impact on the global financial system and is rationalized after the fact as something that ought to have been expected all along. The 9/11 terror attacks are one example, the Covid pandemic another – shocks that rocked the world and made us wonder if freedom works. Since Wednesday last week, however, the gods of the marke…

Reindustrializing a worthy goal, but it'll take more than tariffs

President Donald Trump’s “Liberation Day” tariffs are the biggest shock to the global financial and economic order since the end of the Bretton Woods system in the 1970s, and possibly since the end of the Second World War. If they…

Reindustrializing is a worthy goal, but it'll take more than tariffs

President Donald Trump’s “Liberation Day” tariffs are the biggest shock to the global financial and economic order since the end of the Bretton Woods system in the 1970s, and possibly since the end of the Second World War. If they…

Is the trade war initiated by the United States (USA) through tariffs against all trading partners capable of reindustrializing the North American country, as Donald Trump promises? For experts in political economy and economic development consulted by Agência Brasil, it is unlikely that Trump's tariff policy can reverse a process that began in the 1970s. On the other hand, they point out that some Trump objectives can be achieved due to the con…

Trump tariffs an "own-goal", says Oaktree boss

Howard Marks, Co-Founder and Co-Chairman of distressed debt investment firm Oaktree Capital Management, has likened US President Donald Trump’s aggressive tariff policies to Brexit, calling them an “own goal”, according to a report by Bloomberg. In his latest investor memo, titled Nobody Knows (Yet Again), Marks warned that the introduction and potential escalation of sweeping trade duties — including a proposed 125% tariff on Chinese goods — co…