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?
“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.
Trade Deficit Declines by 12% in July as Economic Slowdown Begins
The July trade deficit fell to its lower level of the year, a sign of a slowing economy. However, if trends continue, the goods deficit will break another record in 2022.
CPA Chief Takes Slings & Arrows on Trade Policy, Inflation
At the Washington International Trade Association, agreement that removing tariffs will have almost no impact on inflation. Disagreement over whether we should have them anyway.
CPA Economist Jeff Ferry’s Final Installment on the “America Way” of Growth
Jeff Ferry, CPA’s chief economist, takes a historical look at the early days of American industrial might, how it all went wrong through hyperglobalization, and where we must go from here.
CPA’s Chief Economist Jeff Ferry on the “American Way” of Economic Growth
Jeff Ferry pens a two-part series on the history of the American rise from new nation, to new industrial power. How it happened may surprise some.
China Commission Hears Testimony from Reshoring Advocate
A China Beige Book executive makes the case for reshoring in testimony to the U.S. China Economic and Security Review Commission. Meanwhile, U.S. manufacturers continue to lose local market share to imports.