Denemek ALTIN - Özgür

Tariffs won't help more men get jobs

Financial Express Mumbai

|

March 15, 2025

Even when he has crazy ideas — and his tariff policy certainly seems crazy — he is often trying to address a legitimate concern.

- Allison Schrager

SAY THIS ABOUT Donald Trump: In the case of tariffs, they are part of the president's economic plan to provide men with better opportunities. It is a worthy goal, but tariffs will not help him reach it.

Some background: There is a sense that the globalization of the last several decades has mostly benefitted the coastal elites, while the rest of the country has suffered with stagnating wages, job loss, and drug addiction. It is not entirely true that trade is to blame, but there is no denying something is going wrong for many American men. Their participation in the labor market has been falling over time, suggesting they are not just unemployed, but leaving the labor force altogether.

Trump has warned Americans to expect some short-term pain as his administration steers the economy to a better place. His primary goal appears to be a restructuring of the economy to include more domestic manufacturing, which will help the male American worker. “The labor market's going to be fantastic,” he said, “but it's going to have high-paying manufacturing jobs, as opposed to government jobs.” Vice President JD Vance has echoed this sentiment.

Financial Express Mumbai'den DAHA FAZLA HİKAYE

Financial Express Mumbai

Second Fund of Funds for startups soon, says Goyal

THE FORMULATION OF guidelines for operationalisation of second Fund of Funds for startups (FFS) is at an advanced stage and will be rolled out very soon, Commerce and Industry Minister Piyush Goyal said on Friday.

time to read

1 min

January 17, 2026

Financial Express Mumbai

Ties reset: Canada, China slash EV, canola tariffs

BREAKING WITH THE United States, Canada has agreed to cut its 100% tariff on Chinese electric cars in return for lower tariffs on Canadian farm products, Prime Minister Mark Carney said Friday.

time to read

1 min

January 17, 2026

Financial Express Mumbai

Wipro profit falls 4% on Labour Code hit of ₹303 cr

THE COUNTRY’S FOURTH largest IT services firm, Wipro, on Friday reported a sequential decline in net profit for the October-December quarter even as revenue rose ahead of Street estimates, with earnings weighed down by onetime Labour Code-related charges and restructuring costs.

time to read

2 mins

January 17, 2026

Financial Express Mumbai

India Inc lines up for ₹7.2K-cr rare earth scheme

RIL, Adani Group, JSW, Maruti attend stakeholder consultation to understand its scope & design

time to read

2 mins

January 17, 2026

Financial Express Mumbai

EU FTA will be mother of all deals: Goyal

THE FREE TRADE agreement that is close to being finalised with the European Union (EU) will be the mother of all trade deals India has signed so far, Commerce and Industry Minister Piyush Goyal said Friday.

time to read

2 mins

January 17, 2026

Financial Express Mumbai

Sebi proposes ‘netting of funds’ for FPIs in cash mkt

THE SECURITIES AND Exchange Board of India (Sebi) on Friday proposed allowing large foreign portfolio investors (FPIs) to settle only the net value of their trades instead of each transaction — a move that is expected to cut funding cost for these investors.

time to read

2 mins

January 17, 2026

Financial Express Mumbai

Liquidate fixed deposit to pay outstanding credit card dues

I have outstanding due on my credit card of ₹1.5 lakh.

time to read

2 mins

January 17, 2026

Financial Express Mumbai

RIL misses Street's profit estimates

Retail, upstream weakness offsets O2C gains

time to read

2 mins

January 17, 2026

Financial Express Mumbai

TechM Q3 profit slips 6% on Labour Code impact

TECH MAHINDRA POSTED a 6% sequential decline in net profit for the third quarter of the current fiscal, reporting a profit of ₹1,122 crore compared with ₹1,195 crore in Q2.

time to read

2 mins

January 17, 2026

Financial Express Mumbai

Coal gasification likely to see a ₹50,000-cr incentive push

THE UNION BUDGET for 2026-27 is set to signal a major pivot in India’s coal policy with the government preparing to anchor a nearly ₹50,000-crore incentive push for coal gasification -- one of the largest clean-coal interventions -- as it looks to cut import dependence for energy.

time to read

3 mins

January 17, 2026

Listen

Translate

Share

-
+

Change font size