September Trade Deficit Rises 11.6% As U.S. Heads For Record $1.1+ Trillion Goods Deficit
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
U.S. Dependent on Foreign Sources for Nearly Every Critical Mineral
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.
Why Congress Needs an Annual Review of U.S. Sanctions Policy
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.
The Services Trade Surplus: Does it Matter?
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 Deficit Drops 4%, But China Trade Deficit Breaks 2018 Record
August trade figures reveal two things: a slowing economy, and a rising trade deficit with China as a strong dollar makes imports more attractive.
Senate Banking Committee Debates U.S. Corporate Investment in China
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 in Business with Chinese Defense Contractor Banned by Washington. Why?
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?
“Globalization is (Almost) Dead” – New Book by FT Columnist Rana Foroohar Explains Why
Financial Times columnist Rana Foroohar writes about the end times for globalization as we know. What comes next in the post-global world?
JP Morgan CEO Jamie Dimon, Others, Tell Congress They’ll Leave China If Told
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.
In Senate Intelligence Hearing, Should U.S. Outbound Investment to China be Monitored?
Some in the Senate, like Sen. Bob Casey, say Washington needs to monitor what type of investment corporate America is making in China.
