Balanced Trade: Key To US Economic Rebirth

Balanced Trade: Key To US Economic RebirthBy Michael Stumo, President, and Jeff Ferry, Research Director, The United States has run a consistent deficit on our balance of trade for 40 years, a record for any major nation in the annals of modern record-keeping. A persistent trade deficit is a telltale sign that a nation is…

LIGHTHIZER ANNOUNCEMENT IMMINENT?

[Adam Behsudi| December 20, 2016 |Politico] President-elect Donald Trump met with veteran trade attorney Robert Lighthizer for 40 minutes at his Florida estate on Monday – 10 more minutes than allotted – sending out a strong signal that Trump may have found his man to lead trade negotiations for the incoming administration. Trump appears to be focusing more attention…

Why Trade Deficits Matter

[JARED BERNSTEIN AND DEAN BAKER| December 8, 2016 |The Atlantic] However one feels about Donald Trump, it’s fair to say he has usefully elevated a long-simmering issue in American political economy: the hardship faced by the families and communities who have lost out as jobs have shifted overseas. For decades, many politicians from both parties ignored the…