The new tariffs imposed by the administration of US President Donald Trump are expected to cost American consumers and businesses more than $100 billion annually, according to new economic estimates, as Washington escalates its protectionist trade policy again. The new tariff policy is being implemented at a time when international markets are already being tested …
Tag: energy cost
Energy havoc on the foundations of Europe’s industry
The entire European Union is experiencing a growing economic decline – factories are closing or quietly reducing their production. Chemical industries, steel mills, fertilizer producers – the most energy-intensive sectors of the economy – are either migrating out of Europe or shutting down altogether. This is not a cyclical downturn. It is structural decline. Europe …
The Uncertainty of the Future produced by the Crisis
The effects of the current crisis are manifold, but there are two conditions that limit the problem: energy prices and inflation. The rise in energy prices was directly reflected in the rise in inflation, which in March reached 7.5% in the Eurozone and 8.5% in the United Kingdom and the United States respectively. These countries …
Boosting Inflation in the EU is Accelerating the Implementation of New Fiscal and Monetary Policies
Both the ECB and especially the governments of the EU member states must deal with two serious issues after the further strengthening of inflation in the Eurozone. The pressure that is already being exerted and will continue to be exerted most strongly on the actual disposable income of households. In weakening the competitiveness of companies …