Editor’s note. A historical perspective of ag prices. An agro industry strategy that addresses farm prices is needed. The WTO prevents such a strategy, but whether the WTO survives the near future is an open question.   Though the 2018 mid-term elections are still in the rearview mirror, the 2020 presidential election campaign is in…

Editor’s note. Brad Setser discusses his take on the exchange rate implications of the US-China trade skirmish. Whither the yuan. [Brad W. Setser | May 10, 2019 | Council on Foreign Relations] Until this past week, it looked like the United States and China were heading toward a deal. Not a great deal, but a deal.…

Excerpt: “In order to reduce our trade deficit — one of the big objectives of this administration — we need to deal with China as an entity, and we need to deal with automotives as a product line,” Secretary of Commerce Wilbur Ross said. Commerce Secretary Wilbur Ross said autos share equal blame with China for the U.S.…