Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal

Trump’s Tariffs Will Wound Free Trade, but the Blow May Not Be Fatal

President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs struck a hammer blow at…

Read More
UK Aims to Cut Billions in Welfare Amid Budget Crunch

UK Aims to Cut Billions in Welfare Amid Budget Crunch

Britain’s center-left government outlined plans on Tuesday to curb spiraling welfare costs as it attempts to juggle a difficult set of competing objectives: saving public money, incentivizing work and protecting the most vulnerable. The announcement follows weeks of tense internal debate within the governing Labour Party, led by Prime Minister Keir Starmer, about how to…

Read More