The ‘McKinley Tariffs’ were some of the largest hikes in U.S. history, but in his second term, McKinley changed his mind, and argued for more free international trade as a way of helping the U.S. economy. WSJ explores how McKinley used tariffs, how Trump is following a similar playbook and why McKinley. Actually came to speak out against them.
THE ECONOMIST MAGAZINE (February 3, 2025): That Donald Trump may unleash a global trade war is a frightening but familiar risk. Less well understood is the danger that he may also provoke a tax war. One of his first actions on returning to the White House was to warn other countries that if they adopt tax policies America dislikes, he may double tax rates on their companies and even their citizens.
Baby boomers have safeguarded and perpetuated a grand myth through which they interpret past and present events, and derive motivations. Myth is one hell of a drug.
Baby boomer conservatism arose during the salad days of American capitalism, the apex of American military might, and the drama of the Cold War. That’s all gone and the young right stands at a crossroads.
MONOCLE RADIO (February 4, 2025): As the trial of South Korea’s impeached president continues, Monocle’s Seoul correspondent, Jeyup S Kwaak, and John Nilsson-Wright join Emma Nelson to discuss what comes next.
Also on the programme: is USAID doomed? We delve into the global consequences of freezing US aid. Then: after an eight-month wait, Belgium has a new government. What took it so long? Plus: all the winners from Sundance Film Festival and the Critics’ Choice Awards with Karen Krizanovich.
A growing number of countries, including American allies, are striking trade deals as the Trump administration erects a higher fence around its global commerce.
Guantánamo Bay Prepares for President Trump’s Migrant Surge
About 300 servicemembers have arrived in recent days as the base faces its most drastic changes since the Pentagon opened a prison there after the Sept. 11 attacks.
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