India and China Enhance Economic Ties Amidst Growing Maritime Tension
The most recent reminder of the complex relationship dynamics between India and China was the first “Strategic Economic Dialogue” that took place last week. The… Read More
The most recent reminder of the complex relationship dynamics between India and China was the first “Strategic Economic Dialogue” that took place last week. The… Read More
Today the U.S. Bureau of Economic Analysis announced that the trade deficit for July fell by $6.8 billion. Exports increased by $6.2 billion and imports… Read More
President Benigno Aquino of the Philippines arrived in Beijing today to commence a five-day state visit to China. The trip has been slated as a… Read More
America’s bleak jobs picture would be even worse if not for foreign direct investment (FDI) in the U.S. economy. FDI in U.S. factories and property… Read More
Since 1989, the United States has enacted numerous free trade agreements with countries around the world. These agreements have increased trade, improved international relations, and… Read More
Milton Friedman once said that “there is no alternative way, so far discovered, of improving the lot of the ordinary people that can hold a… Read More
Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through… Read More
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Economy Needs Tax Reform, Not Tax… Read More
In 1987, President Ronald Reagan explained the relationship between federal spending and the U.S. trade deficit: “Here in the United States, we must restrain government… Read More
Today marks the 81st anniversary of the passage of the Smoot–Hawley Tariff Act. Actor and economist Ben Stein famously explained this legislation in Ferris Bueller’s… Read More
The U.S. Commerce Department today announced that the trade deficit for April was $43.7 billion. This number is misleading because it implies a “deficit” in… Read More
The U.S. Bureau of Economic Analysis just announced that the trade deficit for March increased to $48.2 billion. The federal budget deficit plays a major… Read More
Several U.S. political leaders have recently reiterated their desire to punish countries that undervalue their currencies. News flash: Since June 7, 2010, the value of… Read More
This is how Donald Trump recently described China: “They’re making all our products. They’re taking all our jobs. And then they loan the money back… Read More
By further cementing the positive relationship between South Korea and the United States, the pending South Korea–United States (KORUS) free trade agreement will further weaken… Read More
This time about three years ago, a California Democrat exercised legislative power to do something unprecedented in America’s international trade policymaking. Effectively ending more than… Read More
Early American colonists, no strangers to the perils of intrusive government, protested the Molasses Act of 1733, which imposed taxes on imported sugar, rum, and… Read More
Some of the stiffest competition facing U.S. exporters does not come from Europe—or even China—but the U. S. Treasury Department. Yesterday, the U.S. Bureau of… Read More
China and Japan had a diplomatic disagreement this past week. Of the many facets to this dispute, at least one has implications for the U.S.:… Read More
President Obama reportedly plans to name Austan Goolsbee to head his Council of Economic Advisers. This appointment is good news for advocates of expanded international… Read More
Consider these recent print headlines: Economic Growth Slowed by Trade Gap; Economic Growth Cut Sharply Due to Trade Gap; and Economy Slows to 1.6 Percent… Read More
Revving up its trade dispute with the Obama Administration over trucking, on August 16 the Mexican government announced revisions to the list of U.S. goods… Read More
If Congressman Peter Defazio (D–OR), sponsor of the End the Trade Deficit Act, had grown up in Kansas instead of Massachusetts, he might have learned… Read More
Growing Chinese investment around the world is a major international economic development. In the U.S., the story is how limited Chinese investment is beyond government… Read More
President Barack Obama recently announced the appointment of 20 private-sector members to the President’s Export Council. Although the President promised to provide Americans an “unprecedented… Read More
President Barack Obama recently promised that his Administration will be “going to bat” for U.S. exporters. A look at his specific recommendations suggests that the… Read More
Tick, tick, tick — the sound of a Congressional trade bomb. By its own, not very exacting standards, Congress has patiently waited for change in… Read More
The April 22-25 visits of Mahmoud Ahmadinejad to Zimbabwe and to Uganda highlight Iran’s unrelenting quest for international partners ready to either associate with its… Read More
Today’s papers give the impression of a collective exhale on U.S.-China relations. Chinese President Hu Jintao is coming to Washington for a global nuclear security… Read More
The New York Times, Washington Post, and others today ran front-page stories on economic and political disagreements the U.S. has with China. The headlines mostly… Read More
