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Economics

Trump wastes no time in reigniting trade wars

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Donald Trump has fired the first shot. Goods arriving in America from Canada and Mexico will meet tariffs of 25% as soon as he returns to the White House, the president-elect announced on November 25th. Mr Trump also said that he would also impose additional 10% tariffs on Chinese goods. With two months to go before his inauguration, the promise is rippling through financial markets. Mr Trump is not wasting any time in seeking to exert America’s influence.

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Economics

Russ Vought: Donald Trump’s holy warrior

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CLAD IN RED baseball caps, draped in the American flag and cheering for Donald Trump, the MAGA movement can be rather brash. Yet one of the people driving it forward is anything but. It is almost easy at first to overlook Russell Vought (pronounced “vote”), with his tortoiseshell spectacles, neatly trimmed beard and scholarly demeanour. That would be a mistake. Mr Vought’s calm exterior belies an incendiary streak, fuelled by his religious convictions. And he will be a pivotal player in Mr Trump’s administration, aiming at nothing less than a destruction of the status quo in American governance.

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Economics

Overall, American states are becoming more democratic

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The residents of Bristol, Tennessee and Bristol, Virginia share a border, a downtown and even a nascar speedway. But thanks to the quirks of American federalism, the 27,800 Bristolians who live in the Volunteer State, as Tennessee calls itself, reside in what one ranking determines to be America’s least democratic state, while their 16,800 neighbours to the north live in one of the most democratic.

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Economics

Jimmy Carter reshaped his home town

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In his memoir Jimmy Carter recalls trying to copy the habits of black boys. In his poor peanut-farming community his closest confidants did not share his skin colour, and he wanted to fit in. But Mr Carter lived in the big house; his friends in tenant shacks. In Plains, Georgia, it still seems a wonder that the white child who was always out of place in the Jim Crow South became America’s 39th president. On December 29th he died, at 100, a mile from where he was born.

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