EconomyCommentary
One of the most persistent and misguided myths in economics is that trade deficits weaken the U.S. economy. For example, after the government released data… Read More
EconomyAnalysis
President Obama recently hosted executives from foreign-based businesses at the White House to highlight the benefits of investment in the United States. NPR described the… Read More
EconomyCommentary
What do Enron, the Soros Economic Development Fund, Papa John’s Pizza, Ritz-Carlton Hotel Company, MTV, the Bank of Palestine, and Deutsche Bank have in common?… Read More
As President Obama travels to Asia, one item sure to be on his agenda is the Trans-Pacific Partnership (TPP), a trade agreement currently being negotiated… Read More
While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the… Read More
The United States and the European Union (EU) are currently negotiating a proposed Transatlantic Trade and Investment Partnership (TTIP). A recent survey by the Atlantic… Read More
President Obama’s impending trip to Asia in April is an opportunity for the U.S. to go beyond mere rhetorical commitment to the Asia pivot. At… Read More
As Congress returns to work and focuses on a Ukraine aid package, exporting liquefied natural gas (LNG) is getting all sorts of attention these days,… Read More
A recently released letter from 18 U.S. Senators to U.S. Trade Representative Michael Froman asked Japan to open its agricultural market to foreign exports in… Read More
The Senate Committee on Foreign Relations held an important hearing on 123 agreements—that is, agreements the U.S. makes with other countries that govern the exchange… Read More
The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S…. Read More
Legislation to give President Obama Trade Promotion Authority (TPA) was just introduced. TPA gives the President the authority to negotiate trade agreements, which are then… Read More
Last week Representative Ileana Ros-Lehtinen (R–FL) introduced H.R. 3766, resurrecting the supposed “gold standard” for commercial nuclear trade. However, the bill discourages the very behavior… Read More
As lawmakers look for ways to cut spending from the farm bill, they should go hunting for catfish—the new, not-so-pretty face of government waste. The… Read More
The Federal Reserve recently cut its forecast for economic growth in the United States. That’s a problem. We need higher growth to create jobs and… Read More
The “largest criminal investigation the Antitrust Division has ever pursued” in its 80 years of existence is continuing to unfold. The U.S. Department of Justice… Read More
SecurityNews
According to recent reports, the U.S. is in talks with Mexico to strengthen security along Mexico’s southern border. The effort reportedly includes a three-level security… Read More
News
Indo–Pakistani skirmishing along the Line of Control (LoC) that divides Kashmir has escalated in the past 10 days and threatens to destroy a decade-old cease-fire… Read More
Where does America get its shoes? Today, 99 percent of shoes sold in America come from overseas. Imported shoes are taxed at an average rate… Read More
On July 31, the Generalized System of Preferences (GSP) expired. GSP is a program that waives tariffs on thousands of products that Americans import from… Read More
As President Obama heads to Chattanooga, Tennessee, today to give a speech at an Amazon.com fulfillment facility, he finally seems to be coming around on… Read More
News
On Sunday, Prime Minister Shinzo Abe’s Liberal Democratic Party (LDP) took majority power in Japan’s upper house, giving his party majority control over both upper… Read More
Trans-Pacific Partnership (TPP) trade negotiations are taking place this week in Malaysia. Here’s a modest suggestion to help new U.S. Trade Representative Michael Froman bring… Read More
China’s State Statistical Bureau (SSB) announced second-quarter real gross domestic product (GDP) growth at 7.5 percent and first-half real GDP at 7.6 percent. High or… Read More
The government just announced that the trade deficit for May increased by $400 million. Usually, the media report announcements of bigger trade deficits as bad… Read More
The leaders of the G8 have wrapped up a two-day summit. Although tax, transparency, and trade (the so-called three Ts) were priorities on the official… Read More
Currency manipulation is the issue that never dies. No matter how many times the link between exchange rates and American jobs is shown to be… Read More
The House of Representatives is preparing to vote on a $1 trillion package of agriculture subsidies and welfare benefits that exemplifies warped federal policy. Within… Read More
Last week, Brazil announced that it is finally eliminating its most prominent tax on foreign portfolio investment. This reversal is the most recent reminder of… Read More
Trade promotion authority (TPA) does several positive things. For one, it gives the President a window where Congress agrees to an up-or-down vote on trade… Read More
