Despite what Trump says, trade deficits don’t actually have to be a problem Do trade deficits matter? President Donald Trump certainly thinks they do. Since his campaign, he has tweeted frequently about his unhappiness with America’s trade deficit, and last week he announced tariffs on imported steel and aluminium. Trump once observed that the problem was that there were a lot of Mercedes-Benz in New York and not [...]
As the Chinese ambassador questions the delay, would cancelling Hinkley severely damage UK-China economic ties? Alan Mendoza, executive director of the Henry Jackson Society, says Yes. The UK-China relationship will be hurt by the decision to delay and potentially halt Hinkley Point. The “Golden Era” of bilateral relations will suffer a setback, as China will perceive this decision as a loss of face. But while our short-term economic relationship will take [...]
