US

  Federal Reserve Vice Chair for Supervision Michelle Bowman offered a pointed observation last week: some of the most consequential shifts in financial policy are not the product of deliberate votes or formal rule changes. Instead, they emerge quietly, when regulations written for one set of conditions become more and more binding as the conditions […]

  In recent years, the debate over reindustrialization in the United States has centered on the promise of reviving domestic manufacturing through protectionist measures – most notably tariffs on imported goods. Proponents argue that such policies will bring jobs back by shielding American producers from foreign competition. This approach would also address the demands coming […]

  A growing concern dominates Western politics and diplomacy: the unraveling of the so-called rules-based world order. Many place the blame on the Trump administration. However, this shift was inevitable because of geopolitical, geoeconomic and demographic forces, regardless of who occupies the White House. This world order – never truly universal – provided a framework […]

  In the wake of the extensive tariffs announced by United States President Donald Trump on April 2, 2025, a broader geopolitical standoff is taking place between the world’s two superpowers. This has become most evident with the Trump administration’s latest plans to pressure allies into scaling back ties with China. According to reports, America’s […]

  Since his election last November, United States President Donald Trump has surprised the world with new ideas nearly every day. Last week, he delivered the biggest shock yet: He announced steep tariffs on imports into the U.S. “Is he insane? How dare he? We must resist! He is destroying the economy. A recession will follow! A […]