Global Rebalancing Will Lead to Global Prosperity European leaders and the media are up in arms over recent U.S. policy decisions to support the reshoring of American industry. The export ban on advanced U.S. semiconductor equipment, the tax credits for renewable energy equipment made in the U.S., and especially the support for American-made electric vehicles…
The July goods trade deficit shrunk somewhat but that is not going to stop a $1 trillion goods deficit in 2021. Plus, Vietnam surpasses Germany as major U.S.-bound exporter as China moves offshore to avoid tariffs.
The House Foreign Affairs Committee on Tuesday heard from witnesses on what “working with allies” on China really entails. First, a focus on soft power in Indo-Pacific, which means funding development projects there. Second, a reminder that a weak, China-dependent Europe makes it harder for them to join forces with Washington.
