Virtually all economists favour free trade. But we differ as to what the costs of trade restrictions might be. The decision of Harley-Davidson Inc. to shift more production overseas to Europe to avoid the impact of new tariffs presents a good opportunity to assess those costs – and the good news is that, so far, the economic costs of a ...

The sun is setting on the second quarter, and not a moment too soon for Deutsche Bank AG. In 90 days, the German lender has replaced its CEO, promised thousands of job cuts, seen its credit rating downgraded, and watched its share price plumb new depths. Flunking the US Federal Reserve’s stress tests was a final humiliation, albeit an expected ...

The US Department of Agriculture has come up with cheerful new labels for genetically modified foods (GMOs). The bright green and yellow circles depict a happy sun, a winking smiley face or a verdant landscape stamped with the letters “BE,” for “bioengineered” — rather than the familiar “genetically modified” or “genetically engineered.” It’s a shame the government is unwilling to ...