Trump has frequently argued that long-standing Canadian trade policies created unfair barriers that systematically disadvantaged American exporters and justified the threatened 50 percent tariffs.
Navarro called the exemption a "deep swamp scam" and contended that delivery services wanted to circumvent Trump's tariffs.
Data: Factset; Chart: Danielle Alberti/Axios Brexit is the real-world test of what happens when a major economy voluntarily raises trade barriers, restricts the free flow of workers and generates years of policy uncertainty — all at once. - A decade since the vote to leave the European Union, the results are largely in. Why it matters: The economic drag came from overlapping effects. - Businesses held off on investment as uncertainty dragged on, executives spent years consumed by Brexit logistics, and the firms most integrated with European markets were often the ones hit hardest. By the numbers: Since the Brexit referendum, the U.K. economy has grown about 13% — less than half the American pace over the same period, according to…
Data: Factset; Chart: Danielle Alberti/Axios Brexit is the real-world test of what happens when a major economy voluntarily raises trade barriers, restricts the free flow of workers and generates years of policy uncertainty — all at once. - A decade since the vote to leave the European Union, the results are largely in. Why it matters: The economic drag came from overlapping effects. - Businesses held off on investment as uncertainty dragged on, executives spent years consumed by Brexit logistics, and the firms most integrated with European markets were often the ones hit hardest. By the numbers: Since the Brexit referendum, the U.K. economy has grown about 13% — less than half the American pace over the same period, according to…Open
When Brussels blocked Amazon's rescue of iRobot, an American company was regulated out of existence and a Chinese buyer took the spoils. The Digital Markets Act and Digital Services Act are doing the same to firms across Silicon Valley. President Trump should widen his Section 301 offensive to the EU.
Earlier this year, iRobot, the company that made the Roomba, filed for bankruptcy and was sold off to a Chinese supplier. The cause was a decision made in Brussels, three years ago, to block Amazon’s rescue offer. Thusly, an American company was regulated out of existence by a foreign bureaucracy. A Chinese competitor inherited the spoils, which is a fair summary of how the European Union’s (EU) so-called consumer protections work in the real world. iRobot is no isolated case. The EU has built an entire regulatory architecture for precisely this purpose, with two pieces of legislation: the Digital Markets Act (DMA) and the Digital Services Act (DSA), marketed as consumer protection but functioning as industrial policy directed at firms…Open
Trump further insisted that his tariffs would be effective both at raising revenue for the U.S. and encouraging allies to develop healthier economies.