Trump's tariffs make no sense, and will backfire hard on the US economy

Trump's tariffs make no sense, and will backf...

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US economy is based on Ponzi scheme that could collapse, warns economist Michael Hudson

There are growing signs that the United States may be on the verge of another major financial crisis, one that could start in the $3 trillion private credit market, which is already seeing significant turmoil, before spreading to other sectors. Geopolitical Economy Report editor ...  Show more

Why is Trump blockading Iran's blockade? This is the crazy, and dangerous, US strategy

The peace talks held between the US and Iran in Islamabad, Pakistan failed. Despite a temporary, two-week ceasefire Donald Trump announced a naval blockade of the Iranian blockade of the Strait of Hormuz. Ben Norton explains the USA's strategy, and how it is targeting China and A ...  Show more

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This is a special edition of the Bloomberg Daybreak: US Edition podcast.      Subscribe to the show:      on Apple: http://bit.ly/3DWYoAN       on Spotify: http://bit.ly/3jGRYiB       Anywhere: http://bit.ly/3J1bct9 On today's episode:      President Donald Trump imposed the steepe ...  Show more

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At a White House press briefing on Tuesday, the Trump administration maintained that it would impose a 25 percent tariff on imports from Mexico and Canada on Feb. 1. This comes after announcing a 10 percent duty on China earlier in the week. Trade and capital expert Brad Setser i ...  Show more