In the past several years, nationalistic rhetoric and support for protectionist trade policies have risen sharply across the world. The election of President Donald Trump signaled that Americans are dissatisfied with the economy, including foreign trade. But others point out that the United States often benefits from trade.
HowMuch.net has created the infographic below to show the U.S. states most reliant on foreign trade.
Source: HowMuch.net
The following article by David Haggith was published on The Great Recession Blog:
The big announcement of the really, really big Trump Tax Plan with the “biggest tax cuts in history” came out bigly on Wednesday, as Trump promised. Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn, Trump’s latest tax team, beamed proudly as they presented their baby. The stock market took a deep breath, then looked at their brainchild and completely petered out.
Authored by Paul Craig Roberts,
Authored by Raul Ilargi Meijer via The Automatic Earth blog,
Something hit me this week. The maps which came out on Monday and detailed the outcome of the French elections, were telling a story, and a familiar one by now. A story of deep division. There are a number of such maps now depicting the Brexit vote in the UK, the US presidential elections, and its French counterpart.
There was some snickering two days ago when it emerged that as his first paid speech appearance, former president Barack Obama who - at least on paper was a determined crusader against the big banks - will receive $400,000 for roughly an hour of his time from, well, a bank or rather Cantor Fitzgerald.