Inflation remains due to supply chain problems. From China’s Zero Covid to European energy costs, the price of outsourcing manufacturing is getting high. Why reshoring is an inflation curb.
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
The U.S. is largely dependent on foreign sources for the critical minerals that will power a clean energy transition. The Inflation Act helps. But it’s going to take a while to be even moderately self-sufficient.
At a recent House Human Rights Commission hearing, the need for more oversight on sanctions to make sure they’re working. And how they could work better.
Some argue that if the U.S. let the services industry grow through exports, it would lower our trillion-dollar trade gap with the world. CPA economist Jeff Ferry explains why that will never happen, and why it is better to increase manufacturing at home to lower the deficit.
August trade figures reveal two things: a slowing economy, and a rising trade deficit with China as a strong dollar makes imports more attractive.
Should U.S. companies like Intel be allowed to invest in factories and partner with tech companies in China? If so, should there be restrictions?
Amazon’s cloud service company isn’t breaking any laws. But is really okay for AWS to provide cloud computing to the Pentagon and China defense contractors?
Financial Times columnist Rana Foroohar writes about the end times for globalization as we know. What comes next in the post-global world?
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.