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This has probably been the least successful first hundred days of a presidency @realDonaldTrump on the economy in the last century. We have seen the stock market go down, the dollar go down, forecasts of unemployment go up, forecasts of inflation go up, forecasts on the odds of a…
Here in France, research is a priority, innovation is a culture, and science is a boundless horizon. Researchers from around the world, choose France, choose Europe! See you on May 5. → choosefrance.fr/forscience
This is quite crazy. According to former Assistant Secretary of Defense Chas Freeman (one of the rare senior US officials that I admire), the Trump administration couldn't even explain to the Japanese negotiating team what they were looking to achieve with the tariffs. Here's…
Richard Nixon and other presidents have tried to cover up their wrongful acts or abuses of power. @realDonaldTrump is the first President to glory in them because he wants to intimidate. If he is not stopped the norms of American democracy will be threatened.
Another vote in 🇺🇳 General Assembly where 🇺🇸 demonstrates its new affinity with a bunch of rouge states. I’m sorry with all the competent 🇺🇸 diplomats having to execute and defend these new policies.
This feels like a sign of a remarkable breakdown in communications between the US and China. Trump's spokeswoman reads out statement aimed at China urging them to call with an offer... bloomberg.com/news/articles/…
Told @FareedZakaria on @CNN: There is a winner in what's being pursued by the @realDonaldTrump Adminstration. I'm sorry to say but the person who has a really artful deal here is Xi Jinping and China, who is seeing scope for his influence, scope for new markets, scope to displace…
I told @FareedZakaria @CNN this morning: When you start giving an exemption here and an exemption there on tariffs, it's introducing all kinds of corruption into the system. It's introducing what economists call rent seeking, where it's hugely advantageous for people to be…
A debate on tariffs with @oren_cass and @LHSummers. I asked Oren, if tariffs are such a good idea, why are investors and the general public panicking?
Bullies back down. It is tragic to see the United States following banana republic policy approaches and market patterns.
This is a moment of testing for @realDonaldTrump's advisors. The intellectually honest ones know that this reflects the President’s 40-year fixation, not any kind of a proven economic theory. This is the economic equivalent of what creationism is to biology or what ending…
Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us. So we…
It's also important to understand that the tariff rates that foreign countries are supposedly charging us are just made-up numbers. South Korea, with which we have a trade agreement, is not charging a 50% tariff on U.S. exports. Nor is the EU charging a 39% tariff.
The U.S. is pretty much done strategically in Southeast Asia. The region is filled with pragmatists, who can and do navigate all kinds of crazy stuff from outside powers. But that depends greatly on those players being either principled or strategic—and Washington is now neither.
BREAKING: President Trump's reciprocal tariffs 49% on Cambodia 46% on Vietnam 37% on Bangladesh 36% on Thailand 34% on China 32% on Taiwan 32% on Indonesia 31% on Switzerland 30% on South Africa 26% on India 25% on South Korea 24% on Japan 24% on Malaysia 20% on EU 17% on…
Never before has an hour of Presidential rhetoric cost so many people so much. Markets continue to move after my previous tweet. The best estimate of the loss from tariff policy is now is closer to $30 trillion or $300,000 per family of four.
What competition? There is no competition. Which African countries trade more with the U.S. vs China? via @carnegieafrica
Adolescence. Will these dangerous teenage boys all end up in cells? The new Private Eye is out now
Stop what you are doing and read this. As a former shipboard USN communications officer, scared to death of making a tiny mistake in storing and disposing of far less sensitive material, the carelessness here is shocking. theatlantic.com/politics/archi…
“Dear Peter Hegseth. Could you please send me some intelligence?”
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