Chick-fil-A’s Lemon-Squeezing Robots Are Saving 10,000 Hours of Work
Squeezing 2,000 lemons a day was such a pain for staff at Chick-fil-A Inc. that the company enlisted an army of robots to do it. In a plant north of…
US Blacklist of China’s Tech Giants Risks Even Faster Decoupling
The US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most valuable companies: It also threatens to…
The rejection of globalism – The arrogant economic prophecies of the late 1990s have turned to ashes
New York Times columnist Thomas Friedman offered quixotic history which peddled the “Golden Arches theory” that no two countries hosting branches of McDonald’s would go to war with each other…
China cuts import tariffs to expand domestic demand
The plan to impose lower tariffs on 935 commodities “will help increase the imports of quality products,” according to a statement from the Customs Tariff Commission of the State Council…
Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.
Trade data reflects this: The gap between the goods the United States exports to and imports from China narrowed to $278 billion in 2023 from $417 billion in 2018. While…
ECB’s Knot Says Trade War Could Export China Deflation to Europe
China may start selling its products to Europe at discounted rates if the US starts a trade war by imposing new tariffs, according to European Central Bank Governing Council member…
Trump tariffs could leave the U.S. as the relative winner among global economies, Ivy League professor says
In a New York Times op-ed on Friday, Eswar Prasad, senior professor of trade policy and professor of economics at Cornell University, pointed out that the U.S. is strong while…
US Treasury Says It Was Breached by Chinese-Backed Hacker
The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a letter the agency sent to Congress on Monday. Treasury described…
Why the U.S. Could Come Out Ahead in a Tariff War
The imposition of tariffs is likely to mean a stronger U.S. dollar, which will make American exports more expensive. That undercuts Mr. Trump’s goal of reducing the trade deficit, but…
How Tariffs Can Help America
Economists Have Drawn the Wrong Lessons From the Failures of the 1930s. Tariffs are neither a panacea nor necessarily injurious. Their effectiveness, like that of any economic policy intervention, depends…