Why your next flight may go via China

Editor’s note: Boeing is helping Beijing’s bid to dominate airplane production and airline services as they joint ventures with government owned companies. Boeing will sell a few planes for 3-5 years, then will get squeezed out like Apple.  It is the same if you are looking to fly from Bangkok to Los Angeles. Or from Singapore…

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Trump set to expand rules on buying American products

Editor’s note: This rumored tightening of Buy America rules for government procurement is welcome. There is a strong anti-Buy America group of congressmen and senators that often block similar rules in legislation.  The White House is preparing a new executive order expanding rules favoring American-made products in government projects, according to four administration officials and…

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CPA Op-ed: USDA program a helpful start for U.S. farmers

In response to years of China’s predatory economic behavior, President Donald Trump’s administration recently imposed tariffs on $50 billion worth of high-tech Chinese goods. Beijing has now retaliated against America’s agricultural sector, prompting a $12 billion program from the U.S. Department of Agriculture for affected farmers and ranchers. Some in Washington are criticizing the USDA…

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The U.S. Trade Deficit Isn’t Caused by Low American Savings

Editor’s note: Professor Pettis rebuts the recent, disappointingly bad, article by Joe Stiglitz. Also, on the core of trade deficit causation, Pettis again clarifies how our deficits originate in trade surplus countries – through their practices – and are transmitted here.Economist Joseph Stiglitz recently published an interesting piece in Project Syndicate called “The US is at Risk of Losing…

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