In a paper published in November and brought to AutoInformed’s attention today by The Hutchins Center on Fiscal and Monetary Policy at the estimable Brookings Institute, angry voters in the United Kingdom who overwhelming approved leaving the European Union in the so-called Brexit* referendum resulted in shrinking the UK GDP by 6% to 8% by 2025. The exhaustive research paper was authored by Nicholas Bloom, Philip Bunn, Paul Mizen, Pawel Smietanka and Gregory Thwaites.**
The negative economic effects began after the 2016 referendum. They intensified following the UK’s formal exit in 2020. This paper in AutoInformed’s view is directly relevant to Trump’s Tariff Chaos and is a harbinger of still larger negative effects to come. Continue reading
UAW Visiting Capitol Hill on 2026 USMCA Renewal
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This week, UAW members from the Agricultural Implements sector went to Capitol Hill to talk about “the devastating impact of bad trade deals, and fight layoffs and plant closures across the agricultural implements and construction equipment sector.”
“The American taxpayer and the American worker have invested millions of dollars and decades of blood, sweat, and tears to make these companies what they are today,” said UAW Vice President Laura Dickerson, Director of the Agricultural Implements Department of the UAW. “To take that investment and kill American jobs to pay off Wall Street is a slap in the face to American workers, consumers, and taxpayers. DC needs to step up and stop corporate greed.” Continue reading →