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Trade Wars

Trade Wars: The Decline Of America

May 1, 2025 Medea Benjamin and Nicolas J. S. Davies, Consortium News. , , ,
Not a day goes by without a new shock to Americans and our neighbors around the world from the Trump administration. On April 22, the International Monetary Fund (IMF) downgraded its forecasts for global growth in 2025 from 3.3 percent to 2.8 percent and warned that no country will feel the pain more than the United States. Trump’s policies are expected to drag U.S. growth down from 2.7 percent to 1.8 percent. It’s now clear to the whole world that China is the main target of Trump’s trade wars. The U.S. has slapped massive tariffs — up to 245 percent — on Chinese goods. China hit back with 125 percent tariffs of its own and refuses even to negotiate until U.S. tariffs are lifted.

Energy East Pipeline Revival: Why Canada Shouldn’t Waste Billions

February 25, 2025 Mitch Anderson, DeSmog. , , , , , ,
Like zombies rising from the grave, many long-rejected oil pipeline projects like Energy East are suddenly being promoted as national necessities in response to U.S. President Donald Trump’s musings about annexing Canada. To be clear, most Canadians agree that Canada needs to take Trump’s threats seriously and accelerate long-overdue efforts to make our country less economically dependent on our newly menacing neighbour. Previous political impediments to building interprovincial infrastructure are melting away as Canadians realize protecting our national sovereignty is more important than the priorities of any given region or industry. But before the country considers writing another blank cheque for an oil industry mega-project that may take a decade to complete, let’s make sure to “skate to where the puck is going, not where it has been.”

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