The Childish Tariff Formula That Will Reshape the Global Economy
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Trump said repeatedly that the tariffs are “reciprocal,” but that’s not
true. The rates were calculated using a childish formula based on trade
imbalances.
17 minutes ago
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Indeed, family spending levels are now back to where they were 15 years ago, and more and more of a typical family's budget is now going on petrol, train fares and heating bills, while spending on things such as clothing, footwear and household goods keeps falling.
ReplyDeleteBritain's households are now in their sixth year of spending cuts, and with the things that really matter to household budgets – heating bills, train fares, etc – rising much faster than earnings, there is no end in sight.