Long a proponent of tariffs to prevent other countries from “ripping off” America, President Trump proclaimed ‘Liberation Day” on April 2, 2025, when he imposed sweeping tariffs on most countries of the world. The President circumvented the US Constitution (Article 1, Section 8, Clause 1) which gives power to the Congress to “lay and collect Taxes, Duties, Imposts and Excise.” The Article also gives Congress the authority to “regulate […]
Tag Archives: trade
The 18th Summit of the G 20, comprising 19 countries and the European Union, takes place this weekend in New Delhi, India. The Presidency of G 20 is held by India for last year and ends with this Summit. Indian Prime Minister, Narendra Modi, will be the official Chairman under the theme proposed by India […]
First coined as an acronym for some emerging economies in 2001, BRIC countries formally emerged in 2009 at a diplomatic meeting in Russia involving Brazil, Russia, India and China. South Africa became a member in 2010 when the group’s name changed to BRICS. Its primary focus at that time was reforming the global financial system, […]
