Category Archives: China

The Trump Recession

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The Trump Recession is upon us. Not officially, that could take months. But the handwriting is on the wall. Just as clear as it was one year ago when every creditable economist warned Donald Trump’s plans for trade tariffs and government layoffs would knock the Goldilocks economy of Joe Biden off its feet. Seventy-seven million voters didn’t believe it. Or didn’t care. Now they can care. Or not. It’s hard to tell.

The latest GDP report shows that the U.S. economy contracted by 0.3% in the first quarter of 2025, marking a sharp downturn from the 2.4% growth in the final quarter of 2024. This decline was largely driven by a surge in imports ahead of Trump’s newly announced tariffs, which widened the trade deficit and negatively impacted GDP calculations.

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BDS

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A group calling itself “Princeton Israel Apartheid Divest” (“PAID”) submitted a proposal to the university asking that it divest and dissociate from companies and holdings with ties to Israel. The Princeton’s Resources Committee asked members of the community for comments. An abridged version of my response follows.

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TicTok Turmoil

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As of February 2023, the social video app TikTok said it had approximately 150 active monthly million users in the United States. This number is projected to increase by over five percent year-over-year, reaching 170 million users in 2024. Extremely popular with younger digital audiences, TikTok is one of the fastest-growing social media apps in the United States. The United States has the largest TikTok audience of any country. And that scares the hell out of many, including the members of Congress.

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