The true costs of Trump's tariffs, the efficacy of oil sanctions, and more.
Thursday Reads
July 31, 2025
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The American Economy Is Paying for Trump’s Tariffs
by Jacob Heilbrunn
Trump likes to talk about a new golden age. But his tariffs threaten to tarnish it. Read it here.
Why Are Russia and China Militarizing the Arctic?
by David Kirichenko
Russia is rapidly militarizing the Arctic, forging closer ties with China, and exploiting NATO weaknesses. The Arctic could be a future site of international competition. Read it here.
Sanctions Targeting Oil Can be Messy for Those Who Impose Them
by Greg Priddy
Sanctions targeting oil are often ineffective at changing governmental policy and often impose additional costs on companies and consumers. Read it here.
How Capital Markets Can Revive the Defense Industrial Base
by Frank Finelli & David Bonfili
The Department of Defense and Wall Street can work together by harnessing the strength of American financial markets to rebuild defense manufacturing. Read it here.
Jerome Powell and the Myth of Federal Reserve Independence
by Milton Ezrati
If past history is any guide, the Fed will come around to President Trump’s wish for lower interest rates. Read it here.