The “Fortress North America” Mirage: Why Tariff Harmonization Will Never Work

The “Fortress North America” Mirage: Why Tariff Harmonization Will Never Work

The collapse of the U.S.-Canada trade deal is providing a rare glimpse into the secret world of international trade negotiations. Beyond just the insider view, we are being given hope that the mirage of “Fortress North America” can be put to rest.

AI Data Centers and Pharma Imports Send July Deficit to $119.59 Billion, Highest All Year

AI Data Centers and Pharma Imports Send July Deficit to $119.59 Billion, Highest All Year

The July goods deficit hit a record for the year at $119.59 billion, according to Thursday’s data from the U.S. Bureau of Economic Analysis (BEA). If oil and gas export values are removed, the goods gap with the world for July comes in at $128.55 billion.

Five Reasons the Collapse of the Canada Trade Deal Is a Win for America

Five Reasons the Collapse of the Canada Trade Deal Is a Win for America

The collapse of the U.S.-Canada trade negotiation on August 21 drew headlines and criticism aimed at Washington. What the criticism misses is that the deal on the table would have undercut a key plank of U.S. reindustrialization policy and a vital supply line for national security.