Trade War 2.0, Tariffs and Inflation

From the BBC World Service: Chinese President Xi Jinping told U.K. Prime Minister Keir Starmer that Beijing is ready to develop a long-term strategic partnership.

From the BBC World Service: India and the European Union have agreed to a major trade deal after nearly two decades of on-and-off negotiations.

New durable goods orders shot up more than 5% in November, according to delayed federal data.

Old Bay just transitioned to a tin-and-steel box. It's a more nostalgic vibe — and also more expensive. And it’s a sign that steel-and-aluminum tariffs can impact food packaging.

A selloff of Treasurys would hurt the U.S. economy. But it would hurt the Eurozone, too.

President Trump announced new tariffs on European nations if they stand in the way of the U.S. acquiring Greenland. The EU could hit back relatively quickly.

American tariffs have cut Chinese imports to the U.S., but those goods are finding new buyers across Europe — raising questions for local manufacturers and policymakers.

China’s trade surplus with the world is up 20%.

From the BBC World Service: China has announced record export numbers and the largest trade surplus in global history.

“We wake up every morning about 5 o'clock and start worrying,” said Vance Ehmke. He runs Ehmke Seed with his wife, Louise Ehmke, in Healy, Kansas.