Comparative advantage works—until it doesn’t. For critical sectors like semiconductors and medication precursors, domestic production isn’t inefficient—it’s national insurance.

Duties distort trade by raising prices and hiding true costs—consumers end up paying more, even for equal-quality goods. Understanding trade and comparative advantage matters more than ever.

Global central banks slow interest rate cuts in April 2025, signaling caution amid inflation fears and economic uncertainty across key markets.

Gold prices are soaring, driven by inflation concerns, a weaker U.S. dollar, economic uncertainty, and central bank rate policies. Here’s what’s fueling the historic surge.