Well, here we go again. Another round in the ongoing heavyweight bout between the United States and China. Yesterday, China raised tariffs on American goods to a whopping 125%—a direct response to the U.S. upping its own tariffs to 145%. It’s like watching two toddlers in a sandbox throwing handfuls of gravel at each other…
Do Tariffs Work? Only If You Know How to Use Them
There’s a meme making the rounds that says, “If tariffs don’t work, then why does nearly every other country on earth use them?” It’s got that smug, sarcastic vibe, but buried in the snark is actually a worthwhile question—so let’s take it seriously for a second. So... do tariffs work? The short answer? Sometimes. But…
Missed Opportunity: Why Biden’s Block on Nippon Steel’s Bid for U.S. Steel Hurts America
President Biden’s decision to block Nippon Steel’s $14.9 billion bid for U.S. Steel might seem like a patriotic stand for national security, but let’s take a step back and ask ourselves: did this decision really serve America’s best interests? Spoiler alert—it didn’t. Nippon Steel, Japan’s premier steelmaker, wasn’t looking to strip U.S. Steel down for…