The Turkish lira fell 22% on Friday before recovering to 17% on the backdrop of the Trump administration’s announcement to double the tariffs on imports of Turkish steel and aluminum. The tariffs affect Turkish exports worth more than $1 billion in trade with the United States. The US was the top destination for Turkish steel…
Last week, mid-July, Trump threatened $500 billion in tariffs on China imports, escalating his prior threat to impose $200 billion on China. He then threatened hundreds of billion in tariffs on world auto parts imports, targeting Europe. But Trump’s threats and announcements do not constitute a trade war. Threats and even announcements of tariffs are…
Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his demeanor, but he has an unerring way…
This year’s BRICS Summit was a big show. No question. The main event was provided by Turkish President cum Dictator Recep Tayyip Erdogan. Erdogan wants to a a “T” to the acronym, making them the BRICTS. Erdogan also made it very clear Turkey’s shift away from the West will proceed faster if the bullying and…
The UAE rolled out the red carpet last week for Chinese President Xi Jinping, marking the first visit of a Chinese leader to the country in three decades. At a time when China’s increased footprint in the Middle East has come under the spotlight, the two countries announced the signing of 13 agreements in various…
“Make America Great Again!” will, given the astonishing victory it produced for Donald Trump, be recorded among the most successful slogans in political history. Yet it raises a question: How did America first become the world’s greatest economic power? In 1998, in “The Great Betrayal: How American Sovereignty and Social Justice Are Being Sacrificed to…
