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The Economist
The Economist
26 Nov 2024


NextImg:Trump wastes no time in reigniting trade wars
Finance & economics | First shot

Trump wastes no time in reigniting trade wars

Canada and Mexico look likely to suffer

Donald Trump has fired the first shot. Goods arriving in America from Canada and Mexico will meet tariffs of 25% as soon as he returns to the White House, the president-elect announced on November 25th. Mr Trump also said that he would also impose additional 10% tariffs on Chinese goods. With two months to go before his inauguration, the promise is rippling through financial markets. Mr Trump is not wasting any time in seeking to exert America’s influence.

Illustration of a large anvil falling down on a government building.

How Trump, Starmer and Macron can avoid a debt crunch

With deficits soaring, their finance ministers will have to be smart

Scott Bessent speaks at the National Conservative Conference in Washington, DC.

What Scott Bessent’s appointment means for the Trump administration

The president-elect’s nominee for treasury secretary faces a gruelling job


US flag with computer chips instead of charts

What Donald Trump and Bernie Sanders get wrong about credit cards

Forget interest rates. Rewards are the real problem


Computers unleashed economic growth. Will artificial intelligence?

Two years after ChatGPT-3.5 arrived, progress has been slower than expected

Should investors just give up on stocks outside America?

No, but it is getting a lot harder to keep the faith

Is China really a nation of slackers?

A new survey raises the question