Tag: Trade War

Ruins of a giant stone statue and ancient obelisks in Egypt under a clear blue sky.

Trump’s Grand Strategy Is Speeding Up the Decline It Promised to Reverse

Trump’s strategy of hemispheric retreat, tariff coercion, and fossil‑fuel dominance is accelerating the very American decline it vowed to reverse. The U.S. has suffered a sharp drop in global soft power, alienated allies through chaotic tariffs, and ceded the clean‑energy future to China. The result is a faster, more chaotic erosion of U.S. influence.

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Donald Trump and Indonesian President Prabowo Subianto shaking hands at the Sharm El-Sheikh Summit for Peace.

Indonesia’s Minerals Deal: A Strategic Win or a Costly Surrender?

Indonesia’s tariff deal with Washington risks unraveling its hard‑won nickel industrial policy. The agreement lifts U.S. levies but pressures Jakarta to relax export restrictions without securing binding processing or technology commitments. With China dominating refining and EV markets shifting away from nickel, the deal could weaken Indonesia’s leverage unless renegotiated.

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Container ship crossing between the US and Chinese flags representing global trade tensions.

Global Trade Caught Between American Chaos and Chinese Calm

Global trade is being squeezed between U.S. tariff volatility and China’s projection of stability. Trump’s rapid tariff shifts froze the EU’s Turnberry deal and rattled partners from India to ASEAN. Meanwhile, China’s record surplus masks weak domestic demand. For third countries, the real choice is between American policy whiplash and Chinese dependency.

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A man in a dark jacket pushing a shopping cart with a small child sitting inside it down an aisle in a large warehouse store, surrounded by high orange shelves stacked with large boxes of appliances and flat-screen televisions.

New Economic Data Shows Americans Pay 90% of Tariff Costs

The newest research from the Federal Reserve Bank of New York confirms what every serious economist already knew: tariffs function as a domestic tax, and American households and businesses pay almost all of it. Between early 2024 and late 2025, roughly 90% of tariff costs stayed inside the United States, mirroring the pattern from the 2018–2019 trade war.

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A pair of hands holding a sample banknote featuring the number "200" and a circular design in the center with the flags of Brazil, Russia, India, China, and South Africa, surrounded by illustrations of native animals like a toucan and a peacock.

BRICS and the Quest for a Neutral Global Currency

The global economy is now fully multipolar in production and consumption, yet its financial backbone still runs through a single national currency. That mismatch — a 21st‑century world running on 1944 plumbing — is what BRICS is trying to correct. Not by dethroning the dollar with the renminbi, but by building a neutral clearing system that avoids the trap of replacing one hegemon with another.

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A medium shot of five world leaders standing in a row on a stage, including Vladimir Putin, Narendra Modi, Xi Jinping, and Cyril Ramaphosa, with a large blue and gold "BRICS" logo in the background.

BRICS and the Dollar: Can an Emerging Bloc Reshape Global Finance?

BRICS has evolved from a clever acronym into a geopolitical project large enough to unsettle Washington. Trump’s 2025 tariff threats — and the panic triggered by his Spain “BRICS” gaffe — reveal how seriously the U.S. now treats the bloc. With 20 members and partners, BRICS+ represents a demographic and economic mass that rivals the G7, even if its internal cohesion remains uneven.

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