Key Points The standard widely-used trade model, GTAP, has been wrong in its forecasts of every major U.S. trade agreement. CPA economists have modified the model to allow it to show more realistically the effects of trade policy on employment and the entire economy. Our modified GTAP model, GTAP-FP, finds that import restriction or policies…
Big Tech is “big mad” with Biden administration pulling out of WTO digital trade initiative. Why it was a good idea to do so.
Why does anyone take China’s promises seriously? Following this week’s APEC conference, the U.S. is awash in headlines about the latest agreements between Biden and Xi, most of them not even in writing.
Another Indian lab recalling eye drops following recalls in October and instances of blindness caused by other imports from India in March.
China engagement not going too well. Supply chain risks spread to Vietnam, elsewhere, U.S. China Economic and Security Review Commission says in its annual report to Congress.
Customs and Border Protection are struggling to inspect nearly a billion small parcels bombarding the U.S. by international mail. Are they really up to this impossible task?
Evidence continues to pour in that U.S. Customs and Border Protection (CBP) can’t do its job against the daily tidal wave of small packages sent from abroad. CBP has warned for years that “the increase in small packages is permitting bad actors to operate with relative impunity.” However advocates for the lawlessness, namely express shippers…
The September trade deficit rose over August with no end in sight to a record breaking goods gap led by imports from China, the EU and Mexico.
In the wake of the COVID pandemic, consumers have become painfully aware of America’s heavy dependence on imports. The recent Amoxicillin shortage in hospitals has made this particularly clear since the United States is now highly reliant on imported antibiotics and other lifesaving medications. The United States is so deep in the hole when it…
Americans are understandably worried about internet privacy. In particular, they fear their personal information could be hacked at any time. And if you ask them whether China should have access to their social security numbers, credit cards, and banking info, the answer would be a resounding “No.” We live in a digital world, though. And…