The Economist (or simply the Economist) is a British current affairs journal published weekly in print and daily online. It is a well-respected source of news and analysis on economics, politics, globalisation, business and culture. It has a strong focus on data journalism and interpretive analysis, to both criticism and acclaim. The magazine is published in perfect-bound, tabloid format and has editorial offices around the world.
This week: a look at the numbers behind President Trump’s new tariffs; why more and more people are leaving retirement savings; what a weaker dollar means for your wallet; and more.
Despite warnings of high tariff rates, US equity prices did not react strongly to this announcement because many investors believe that the threat is just the opening move in a negotiation. But, even so, higher tariff rates could have a significant effect on US businesses, especially those that manufacture in Southeast Asia.
We know that distrust of experts is a problem across all kinds of institutions and professions, but it seems to be particularly acute among economists right now. We’ve seen it in a growing number of public scandals, including the firing of the Bureau of Labor Statistics chief for accusing her – with no evidence – of faking jobs data. But it’s not just economists who are feeling the burn: trust in experts is declining across all sorts of sectors, from government to media to medical science. How can we rekindle that faith?
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