Will the trade war leave a new bridge just sitting over an international waterway?
trade
Trump’s Nothingburger Banquet in Beijing
The president comes home empty-handed from his summit with Xi Jinping.
Subsidize, Build, Export, Repeat
America is selling the AI stack it built with public money, with the same companies and the same national security framing. Nobody is asking whether the demand is real.
Will Americans Keep Paying a ‘Tariff Tax’?
Companies are seeking refunds from the federal government following the Supreme Court ruling—but consumers may still be stuck with higher prices.
The Opening of Trump’s Box
Iran has put a tollgate across the Strait of Hormuz. This fundamentally changes the global economy.
Canada Fighting Different Wars on Two Fronts
Prime Minister Mark Carney has expressed support for and shunned participation in the Iran war, bringing a new dimension to already contentious USMCA review talks.
Iran War Exposes America’s Unfixed Supply Chains
We have a trillion-dollar military without enough bombs to fight for more than a week, and none of the critical components needed to make more.
The Looming Chaos of Tariff Refunds
Companies, consumers, and hedge funds all want a piece of the revenue from the tariffs the Supreme Court invalidated. That will create unnecessary economic damage.
Trump’s Tariffs Weren’t Really About Trade Policy
They were about his nostalgia, his ego, his bigotry, and his greed.
Trump’s Steady Loss of Support From Republicans and Courts
Every day’s headlines produce another Trump tantrum and more defections from House and Senate Republicans—and court decisions.

