Trump’s Tariffs End or His Trade Deal Dies

Editors note: Senator Grassley continues pushing for old-style unilateral trade disarmament by the United States. Didn’t work then and won’t work now. Congress won’t approve USMCA while constituents pay the price for Mexican and Canadian retaliation. [Chuck Grassley | April 28,2019 | WSJ] I’ve represented Iowa in the Senate for nearly 40 years and have…

U.S. Economy Grew at 3.2% Rate in First Quarter

Excerpt: “Net exports—exports minus imports—added 1.03 percentage points to the quarter’s 3.2% GDP growth rate.” Higher exports, inventory investment helped offset slower rate of spending by consumers, businesses [Harriet Torry, Sarah Chaney | April 26, 2019 | The Wall Street Journal] Gross domestic product—the value of all goods and services produced in the U.S., adjusted…

China’s Subsidized Conquest of Trade

Editors note: Amazing that the Wall Street Journal opinion page says that the Western trading regime is not well suited to handle China’s economic system. U.S. industry fades away as state-owned companies undersell the competition. [William A. Galston | April 23, 2019 | WSJ] An understated article in my local paper last week is a…