A New Pacific Trade Highway
A New Pacific Trade Highway
When President Trump announced a new 100% tariff on Chinese imports, in retaliation for Beijing’s latest export controls on rare earth elements, markets saw only the headline risk. But the real story lies beyond the ticker: a structural reordering of global trade. The world’s supply chains, long anchored to the Chinese mainland, are splintering. Capital...
By Dr. Jake Scott
Diamond and Bangles to the Gulf
Diamond and Bangles to the Gulf
The ongoing realignment of international trade flows in the midst of the escalating tariff wars between the United States and other nations and trading blocs (principally China and the European Union) continues to ripple across the world. Yet the changes we are witnessing are by no means caused by these tariff wars; instead, they are...
By Dr. Jake Scott
The Chips-for-Rare-Earths Truce
The Chips-for-Rare-Earths Truce
All is fare in love and war. That’s not a typo—anything can be sold, even and especially during a trade war. In the unfolding drama of the US–China economic rivalry, a fragile ceasefire has emerged, not through diplomacy, but through mutual dependency. In the midst of heavy US transshipping tariffs—aimed at China, and hitting the...
By Dr. Jake Scott
Tiger on the Mekong?
Tiger on the Mekong?
Vietnam, a nation that still languishes under the thumb of a government with an avowed communist ideology, intends to become Asia’s next “tiger economy.” Ravaged by the civil war that split the country in two, and drew the United States into the sort of regional conflict that it had long sought to avoid, in 1975,...
By Dr. Jake Scott
The Collapse of Britain’s National Health Service
The Collapse of Britain’s National Health Service
It’s a poorly-kept secret that Britain’s National Health Service (NHS) has faced crisis after crisis. But the latest scandal over 3 million “unseen patients” may be its worst yet. In fact, this omnicrisis is worsened by the fact that barely anyone is speaking about it. Throughout the 2000s, headlines warned of an overwhelmed and underfunded...
By Dr. Jake Scott
Does Britain Hate Wealth?
Does Britain Hate Wealth?
Too expensive even for the rich. Do the wealthy hate Britain? You would be forgiven for thinking so, from the way wealthy people and companies are fleeing the country. As many as 11,000 millionaires have left since the beginning of 2024, often taking their businesses with them. The effects are finally being felt: in April...
By Dr. Jake Scott