Latest news with #ABanquetofConsequences:Reloaded
Nikkei Asia
4 days ago
- Business
- Nikkei Asia
Seven reasons why Trump's tariffs will fail
A port in Bangkok is seen on July 8, following the announcement that U.S. President Donald Trump would impose tariffs of 36% on goods from Thailand starting on Aug. 1. © Reuters Satyajit Das, a former banker, is the author of "Traders, Guns & Money," "Extreme Money" and "A Banquet of Consequences: Reloaded." Under President Donald Trump, the U.S. raised its average effective tariff rate to the highest level since the 1930s. Adding to the uncertainty, Trump sent letters to a wide range of countries, warning that their exports could face tariffs of 25% to 40% unless their companies chose to manufacture within the U.S. Any reciprocal tariffs on American products, he warned, would trigger additional duties in response.
Nikkei Asia
23-06-2025
- Business
- Nikkei Asia
Is it worth being friends with the US?
Canada hosted the G7 Leaders' Summit in Kananaskis, Canada, this year. U.S. President Donald Trump left the meeting before the traditional group photo was taken on June 17. © Reuters Satyajit Das, a former banker, is the author of "Traders, Guns & Money," "Extreme Money" and "A Banquet of Consequences: Reloaded." Asia and Europe are, for the most part, trying to reach an accommodation with U.S. President Donald Trump and his administration's policies. This misses an essential question: whether being chums with the U.S. is worth it?
Nikkei Asia
30-04-2025
- Business
- Nikkei Asia
Are there any truly safe assets anymore?
Satyajit Das, a former banker, is the author of "Traders, Guns & Money," "Extreme Money" and "A Banquet of Consequences: Reloaded." Fearing a trade war-induced recession and financial crisis, investors are switching out of risky assets into government bonds and AAA or AA-rated securities. But this Pavlovian response introduces new and subtle risks.
