Tariffs and trade wars: here’s what Trump is failing to learn from the Great Depression

By Deniz Torcu, Adjunct Professor of Globalization, Business and Media, IE University

Imagine waking up in 1932, in any US city. Upon ordering your morning coffee, you realise that its price has doubled since last year. This isn’t because of a coffee shortage, but rather because new trade barriers have caused the price of importing Colombian coffee beans to shoot up. The same thing has happened to sugar, tea and cocoa. Everyday items have suddenly become a luxury.

This dramatic change stemmed from one of the most harmful decisions in modern economic history: the Smoot-Hawley…

Read complete article

~	Russia has long had interest in Indonesia. Australia must realise its partners may have friends we don’t like

~	Students are neither left nor right brained: how some early childhood educators get this ‘neuromyth’ and others wrong

~	‘De-extinction’ of dire wolves promotes false hope: technology can’t undo extinction

~	Superb fairy-wrens’ songs hold clues to their personalities, new study finds

~	Kyrgyzstan: Rights Defender Detained

~	The human cost of the repressive cooperation between the US and El Salvador

~	Mozambique: Authorities must bring perpetrators to justice for reckless and deadly protest crackdown

~	US-China trade war leaves NZ worse off, but still well placed to weather the storm – new modelling

~	TikTok’s cookie challenge: Why some children share and others don’t

~	Half way through the campaign, how are the major party leaders faring?