Sen. Edward J. Markey: ‘Liberation Day’ Was ‘Obliteration Day’ for Small Businesses
Sen. Edward J. Markey denounced President Donald Trump’s “Liberation Day” tariffs as a disaster for America’s small‑business sector. Implemented under the International Emergency Economic Powers Act, the tariffs sharply raised import costs and disrupted supply chains for over 36 million firms. Markey argues the policy has led to higher prices, staffing cuts, and threatened the viability of many enterprises. He is now urging Congress to roll back the duties and provide targeted relief.
The Strait of Hormuz Disproves an Armchair Narrative About Globalization
The article challenges the narrative that post‑Cold‑War globalization is fading, using the Strait of Hormuz as a case study. It shows that oil, gas and fertilizer markets remain deeply interconnected, with supply shocks in the Gulf instantly affecting global prices....