Economics | RCP Story Stream

U.S. Investors Should Steer Clear of Communist China April 23, 2025

Early this month, Hong Kong-based shipping conglomerate CK Hutchison announced it was delaying signing a deal to sell ports it owns near the Panama Canal to BlackRock. The announcement comes as regulators in mainland China are expected to launch an a...

china

Hong Kong

economics

Li Ka-shing

Bessent Expects ‘De-Escalation’ in u.s.-China Tariff April 23, 2025

Treasury Secretary Scott Bessent said he expects “there will be a de-escalation” in President Donald Trump’s trade war with China in the “very near future.” ...

Scott Bessent

economics

Iran Meets the Art of the Deal April 23, 2025

The Trump administration is using economic pressure and military threats to bring Iran back to nuclear negotiations, hoping to replace or update the original JCPOA nuclear deal. Tehran faces severe economic distress and geopolitical setbacks due to r...

China Needs To Change April 23, 2025

Treasury Secretary Scott Bessent spoke Wednesday to international economists attending the International Monetary Fund (IMF) and World Bank spring meetings in Washington D.C. this week, telling them the Trump administration wants to overhaul these in...

china

The Empty Arsenal of Democracy April 22, 2025

How America Can Build a New Defense Industrial Base ...

economics

The Global Trading System Was Already Broken April 22, 2025

The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term c...

economics

The Harsh Realities of Russian-Occupied Ukraine April 21, 2025

The Kremlin proclaims “the restoration of new regions” in occupied Ukraine, but the reality is worsening poverty and lawlessness as Russia’s economic problems grow. ...

Russia

Ukraine

The Global Trading System Was Already Broken April 21, 2025

The sweeping tariffs announced by U.S. President Donald Trump on April 2, along with the subsequent postponements and retaliations, have unleashed an enormous amount of global uncertainty. Much of the world’s attention is on the chaotic, short-term c...

economics

The Global South Will Pay for Trump’s Trade War April 19, 2025

Donald Trump’s tariffs have disrupted supply chains, roiled global markets, and escalated the trade war between the United States and China. While US consumers brace for higher prices, low- and middle-income countries will bear the brunt of the crisi...

economics

The Casualties of Glassware Manufacturing to China April 18, 2025

For 132 years, the sound of the factory air whistle signaling the start of the work day at the plant along 8th and McKean Avenue in this Washington County borough meant all the things we associate with work: men and women had jobs, families had food ...

economics

Xi Cannot Win This Trade War April 18, 2025

"There are no winners in a trade war or a tariff war," wrote Xi Jinping this week. If he’s talking about China, he’s absolutely right. Across the board, the Chinese will suffer. ...

economics

china

South Korea Court Upholds Presidential Impeachment April 17, 2025

On April 4th, South Korea’s Constitutional Court affirmed the National Assembly’s impeachment of President Yoon Suk Yeol, removing him from office for his declaration of martial law last December. The unanimous 8-0 ruling on each of five charges was ...

Trade War Threatens To Derail U.S.-China Relations April 17, 2025

When will President Donald Trump's trade war with China end? Will it end? And if it does, who's to say another American president at some time in the future won't initiate a new one? Policymakers, traders, business analysts, and prognosticators the w...

economics

China Tariffs Are a National Security Necessity April 17, 2025

There are plenty of economic justifications for placing tariffs on China. But bringing American manufacturing home and rebalancing global trade isn’t just about dollars and cents; it’s about keeping our country safe, our troops ready, and our enemies...

china

Adam Smith, Economics, Finance and Geopolitics April 17, 2025

Adam Smith defined how we think about free markets. His guiding principle was, famously, the invisible hand – a mystical force or the hand of God, but the idea that the pursuit of individual interests in economic life would inevitably produce an opti...

economics

As Relations With France Wane, Is Algeria Open for Business? April 16, 2025

Relations between Algeria and France have nosedived lately, due to disagreement over autonomy for the Western Sahara, immigration tensions, a series of diplomatic incidents, and Algeria’s historic grievances over the war of independence and French nu...

Alergia

history

France

Why Australia Shouldn’t Fear China’s Navy April 16, 2025

In March 2025, a small flotilla of Chinese warships sailed around Australia, raising fears reminiscent of Japan’s threat in 1942. Yet despite entering Australia’s Exclusive Economic Zone and conducting live-fire drills, the PLAN ships posed no real i...

German Economic Sentiment Collapses on Trump’s Tariff Chaos April 15, 2025

Russia

EU's Protectionist Policies Have Been in Place Long Before Trump April 15, 2025

In March of 2025, President Donald Trump imposed a 25% tariff on imports of steel, aluminum, automobiles, and certain automobile parts. European Union (E.U.) members, except Hungary, announced retaliatory tariffs of 10% to 25% on specific U.S. import...

The PRC Sees ‘Window of Opportunity’ With Europe April 15, 2025

Beijing sees a strategic window of opportunity to drive a wedge between the United States and Europe and improve its economic and trading relationship with the European Union. ...

china

Tariffs Are Essential to a Free People April 15, 2025

On April 2, 2025, President Trump announced sweeping reciprocal tariffs on America’s trade partners to mark “Liberation Day”—the triumphant assertion of America’s industrial and economic independence. ...

tariffs

China First? No Thanks April 15, 2025

The economic, military, and philosophical pillars of the post-war world order are in ruins. But through the smoke that rises over the rubble, the geopolitical imperative remains: compete or concede. ...

china

European Union

Voodoo Trumponomics April 14, 2025

In what may be the most famous cameo in cinema history, lawyer, economist, and comedian Ben Stein portrayed an economics teacher in the 1986 film, Ferris Bueller’s Day Off. In remarks that eerily foreshadow our current situation, Stein’s character in...

Donald Trump

economics

Trump's Team of Realists April 14, 2025

President Donald Trump’s “America First” foreign policy is taking shape. Its essence is geographical, and the tools to facilitate it are economic, diplomatic, and military power. It eschews abstractions and sentiment in favor of Bismarckian realism. ...

China Would Lose a ‘Trade War’ With the U.S. April 14, 2025

China's trade war bluff may backfire as the U.S. pushes allies to choose between a rogue economic actor and a flawed but fairer partner with unmatched global power. ...

china