7: Trade War

Tariffs Could Wreck What Bangladesh’s Garment Workers Have Gained In Bangladesh, the factories that make clothing for export had remade themselves and raised national incomes along the way. They never bargained for a trade war.

Opinion: Is AOC a viable 2028 White House candidate? Interest in the 2028 Democratic presidential race has predictably intensified as the economy and the Trump presidency has dangerously deteriorated. Former Transportation Secretary Pete Buttigieg has already begun the quadrennial Democratic pilgrimage to Iowa but the big buzz has centered around Rep. Alexandria Ocasio-Cortez (D-N.Y.)......... Political analyst Nate Silver, founder of 538.com, has designated her as his favorite for the 2028 Democratic presidential nomination. Establishment Democrats fear that her ideological zeal would end the party’s aspirations to take back the White House. ........ The only other Democrats in double figures are Buttigieg, 43, and Ocasio-Cortez, 35, who are both younger than Harris, 60. Americans, living in the shadow of two elderly presidents, crave younger leadership. Progressives generate the energy in the Democratic Party, and Ocasio-Cortez could leverage that energy to fuel a dynamic campaign for president. ......... The Republican nominee might be Donald Trump Jr. or Vice President JD Vance, who are both in their 40s. John F. Kennedy was elected president at age 43 by running against the old men of the Eisenhower administration. Young Democrats would be especially pleased with Ocasio-Cortez. ......... Many of the Democrats and Republicans who dismiss Ocasio-Cortez as a serious presidential possibility downplayed Donald Trump’s prospects in 2016. But Trump is much more regressive than Ocasio-Cortez is progressive, and that didn’t stop him from winning two terms as president. Americans hate the status quo and demand change, whether from the right or the left. ......... If she doesn’t run for president, another young progressive like Rep. Ro Khanna (D-Calif.), 48, could fill the need for the many Democratic voters who pine for progressive populism and for generational change in the White House.

Alexandria Ocasio-Cortez's Unexpected Announcement Sets Off Scramble Among House Democrats Rep. Alexandria Ocasio-Cortez of New York announced Monday that she will not be running to become the Democratic ranking member on the House Oversight Committee.

India just agreed a massive trade deal – but it’s not with the US India has agreed to reduce tariffs on a range of UK products, including whisky, medical devices, advanced machinery and lamb. And most of these levies will be removed altogether within a decade ....... “The UK-India trade agreement is a win for the UK, removing barriers and business costs for British firms trading with the fourth-largest global economy.”

The hedge fund legend who predicted Black Monday sounds a new market warning, saying stocks will ‘go down to new lows’