Editor’s note: This is another example economists falsely equating global trade growth, regardless of imbalances or cheating, with the prosperity of real people. The world cannot expect to excessively rely upon the US market for their growth.  Global trade growth has “slowed abruptly” over the past year, the Organization for Economic Cooperation and Development says…

Excerpt:[Rob Scott (EPI)] argued that the “single best tool” the U.S. has for reducing its deficit is to lower the value of the U.S. dollar.“The dollar is too strong. It acts like a subsidy to all of the exports from China, and these other countries and attacks on everything we’re trying to sell to China, Japan, and the…

Editor’s note: The administration’s Huawei tech restriction starts to bite. Bigly.  Chinese tech giant begins to feel impact of U.S. curbs on its access to American technology; other companies halt shipments [Dan Strumpf and Yoko Kubota | May 20, 2019 | WSJ] Huawei Technologies Co. has begun to feel the effects of U.S. moves to curb…