Alan Blinder, former Federal Reserve vice chair, sharply criticizes Donald Trump’s approach to economics and rhetoric, arguing that tariffs are contractionary and that political pressure is undermining trust in American statistics. Blinder also warns that the US retreat from globalization could worsen uncertainty and weaken the future of global trade, with ripple effects beyond India and the US.
India has overtaken US and China to become the world’s biggest tractor market, now capturing about half of global wheeled-tractor sales. That rise is happening despite slow agri GDP growth and shrinking farm sizes. With farming not doing the heavy lifting, the question is: what demand is really propelling tractor sales across India?
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Economist Kenneth Rogoff says Donald Trump’s tariff push may appear to be reshaping global trade, but it likely won’t last once other countries learn how to hit back effectively. He ties US economic risks to dollar dominance, sanctions, and unsustainable debt, arguing no single currency can replace the greenback and forecasting slower US growth.
As the Iran war deepens, an oil shock is rippling through global markets. Governments are moving to energy-saving measures while nations reliant on oil imports via a troubled strait face tighter supplies. With low reserves heightening vulnerability, prices are climbing across industries, hitting low-income households hardest as daily costs jump faster than wages.
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