On 31 January 1968 news broke of a huge wave of attacks across South Vietnam on US and South Vietnamese positions by the Vietnamese national liberation forces, including an assault on the US embassy compound in the south’s capital Saigon.
To assess the impact of the Trump tax cut on the US economy it is necessary to analyse the interrelation of two processes:
The determinants of US economic growth in the medium/long term,
The short-term position of the US economy in the current business cycle
By Jude Woodward
Despite the razzamatazz of Trump’s visit to Asia, the verdict of the international news media was unanimous: the trip had simply served to underline the US’s declining influence in Asia; a decline that Trump is blamed for accelerating by ceding leadership to China on the crucial issues of contemporary geopolitics: trade, climate change, development and multilateral agreements.
Two recent events in the US – the victory of Steve Bannon backed candidate Roy Moore in the Alabama Republican Senate primary and the huge dispute around NFL players kneeling during the national anthem – confirm the deepening polarisation in US politics. The background which is driving this is the very slow growth in the US economy.
By Mark Buckley
The beleaguered Trump presidency has continued to ramp up its war rhetoric against North Korea. But the impediments to any attack, even a nuclear attack are substantial. The real target for the US administration is China.
By Stephen Bell
In recent weeks it has become evident that US President Trump’s policy in the Middle East primarily involves reinforcing the military presence and activity of US armed forces. Despite his campaign rhetoric about $6 trillion spent to no result, he has moved swiftly to increase the size and rate of US deployment. With a current account deficit of $469 billion in 2016 US imperialism can offer concessions only to its most favoured allies. For the rest, which includes the majority of Arab countries, there is simply the presence of US military might.
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