Patricia Cohen

The humanitarian crisis in Gaza and why European leaders are concerned over the EU-US trade deal  - Monocle Yossi Mekelberg and Patricia Cohen look at the escalating humanitarian crisis in Gaza, Europe’s reaction to the trade deal with...

Latest Daily on Monocle Radio. @patcohen.bsky.social from @nytimes.com and Yossi Mekelberg of @chmenap.bsky.social on Gaza and the day's other developments, plus @philtinline.bsky.social on his tremendous new book "Ghosts Of Iron Mountain", and some words for Tom Lehrer. monocle.com/radio/shows/...

Trade Fueled Inequality. Can Trump’s Tariffs Reduce It?

My latest: Trade Fueled Inequality. Can Trump’s Tariffs Reduce It? www.nytimes.com/2025/08/02/b...

As Debt Piles Up, Countries See Fiscal Relief as Political Leverage

My latest on what China could do to relieve the debt crisis:
As Debt Piles Up, Countries See Fiscal Relief as Political Leverage www.nytimes.com/2025/07/01/b...

Trump’s E.U. Tariff Threat Could Cause Economic Damage Beyond Europe

Is it a negotiating tactic, a credible threat or a howl of rage?Trump's threatened 50 percent tariff on the EU www.nytimes.com/2025/05/24/b...

Wall Street sign with American flags near the New York Stock Exchange

Good morning New York. While you were sleeping, this was the most-read story www.ft.com/content/9019...

Bondi Sold Millions in Trump Media Stock the Day Trump Imposed Vast Tariffs

Attorney General Pam Bondi sold $1 million to $5 million worth of shares in President Trump’s media company last month on the same day that he announced expansive tariffs that led to a stock market rout, according to disclosure filings.

The World Is Wooing U.S. Researchers Shunned by Trump

By @patcohen.bsky.social

“Of 1,600 people who responded to a March poll in the journal Nature — many of them Ph.D. or postdoctoral students in the United States — three out of four said they were considering leaving the country because of the Trump administration’s policies.”

The World Is Wooing U.S. Researchers Shunned by Trump

The World -- Including Canada -- Is Wooing Shunned U.S. Researchers. As Trump guts American research institutions, world leaders see a “once-in-a-century brain gain opportunity,” by @patcohen.bsky.social www.nytimes.com/2025/05/14/b... via @nytimes.com

Trump urges al-Sharaa to make amends with Israel - Monocle Trump urges Ahmed al-Sharaa to sign Syria up to the Abraham Accords.

Latest Daily on Monocle Radio. @patcohen.bsky.social and @robinlustig.bsky.social on the day's big stories, and a look at the state of literary criticism with Gilbert Cruz, editor of The @nytimes.com Book Review. monocle.com/radio/shows/...

Trump’s 10% Tariff May Be Less Onerous but Still Raises Prices and Threatens Trade The blanket tariffs, once considered extreme, still threaten to harm world trade and make everything more expensive for businesses and consumers.

Trump’s 10% tariffs were once treated as a worst-case scenario. Now it would be considered a best-case. www.nytimes.com/2025/04/16/b...

No tariffs on semiconductors, smartphones and computers is so very yesterday. If we want to build the economy of the future, we'll have to apply new tariffs on those items in a month or so. Business demands predictability, and Lutnick is here to help you predict it.

Medicare Bleeds Billions on Pricey Bandages, and Doctors Get a Cut Medicare spending on “skin substitutes” made of dried placenta has soared as doctors pocket lucrative discounts from sellers.

Trump delayed a Biden-era plan to restrict Medicare’s coverage of skin substitutes, which cost $10 billion in 2024. Trump had received a large campaign donation from a leading bandage seller and skewered the plan on social media.

By Sarah Kliff and Katie Thomas

www.nytimes.com/2025/04/10/h...

I’m confused as to how the design and execution of this tariff policy wasn’t flawless. 🇺🇸

Europe is ready to negotiate with the US.

We have offered zero-for-zero tariffs for industrial goods.

Because we're always ready for a good deal.

But we’re also prepared to respond with countermeasures.

And protect ourselves against indirect effects through trade diversion ⭣

Markets Insight: Arguably the most unsettling aspect of Monday’s sell-off in Asia, analysts say, was the extent to which it was rational, rather than panic-stricken. www.ft.com/content/fffa...

Trump’s Trade War Raises Bar for Fed Rate Cuts Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.

Tariffs could cause a recession. But they will also push up prices. As markets plummeted late last week, Powell's message was clear: Don't expect the Fed to cut without clear evidence that the labor market is cracking.
@colbylsmith.bsky.social reads the tea leaves:
www.nytimes.com/2025/04/07/b...

Opinion | Why Trump’s Tariff Math Is a Joke A look inside the administration’s methodology is a real eye-opener.

Good explanation: The Trump White House Cited My Research to Justify Tariffs. They Got It All Wrong. www.nytimes.com/2025/04/07/o...

Federal Reserve chair Jay Powell has warned Donald Trump’s tariffs will stoke 'higher inflation and slower growth', adding unemployment was also at risk of rising on.ft.com/4cmQZec

Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.

Although Mr. Trump recently called Lesotho a country that “nobody has ever heard of,” his own Trump-branded Greg Norman golf shirts feature labels that say “Made in Lesotho.”..Lesotho is hit with the biggest tariff of all - 50% www.nytimes.com/2025/04/05/b...

"The U.S. dollar is weaker today against every currency of the Group of 10 nations, which includes the Euro, the British Pound and the Australian Dollar."

"Many of Trump’s wealthiest backers are losing a fortune in the market today. Stephen Schwarzman is down more than $3 billion on shares of Blackstone, the asset manager that he runs, while Elon Musk’s Tesla shares have shed more than $6 billion."

More Penguins Than People: Trump Imposes Tariffs on Remote Islands Some of the more sparsely populated territories in the world that do little trade with the United States have been caught up in the trade war.

President Trump’s tariffs have spared almost no corner of the Earth. Even tiny, sparsely populated islands that export close to nothing.
www.nytimes.com/2025/04/03/b...

A graphic shows how the White House calculated President Trump's new tariff rates, using China as an example.

The White House has confirmed that the formula behind President Trump's new tariffs is essentially based on the U.S. trade deficit with a foreign country, divided by the country’s exports. Here's how that works. nyti.ms/4jgr9e8

France’s Macron Urges Companies to Pause US Investments French President Emmanuel Macron urged companies to pause investments in the US after President Donald Trump announced tariffs on the European Union and other regions.

BREAKING: France's President Macron urges companies to pause investments in the US after Trump's tariff onslaught

Bit late folks.

Trump’s Trade War Risks Forfeiting America’s Economic Primacy The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.

Cordell Hull won a Nobel prize for pushing the idea that commercial ties would bind countries together and less conflict.

Trump has turned this theory on its head. Instead of focusing on the shared interests that economic ties generated, he's exploiting the vulnerabilities they can create.

Trump’s Trade War Risks Forfeiting America’s Economic Primacy The United States has steered an economic order for 80 years based on trade and trust, making the country the world’s financial superpower. That vision is now blurred.

Relying on coercion instead of coercion, Trump's policies “will undermine U.S. economic security in the long term.” www.nytimes.com/2025/04/03/b...

/6....They did. And after four months, the surcharge was lifted.

What was notable about the 1971 episode, is that there was a specific purpose and goal, unlike today.

/5...The Nixon administration’s 10 percent surcharge on imports was meant to pressure other countries to devalue their own currencies and to goose American exports, while making imports more expensive. When the unfair exchange rates ended, the president declared, “the import tax will end as well.”