Trade has become a major theme of this year’s presidential race — how it affects jobs, wages and manufacturing in the United States. Economics correspondent Paul Solman takes a look at one California-based surfboard company that has been bruised by its Chinese competition, and how the effects of foreign trade have impacted politics. Continue reading
Britain is the U.S.’s closest diplomatic and military ally and top economic partner in Europe. One-fifth of U.S. exports to Europe go to the UK and so do half a billion dollars in direct investments. Senior editor of Foreign Policy magazine Cameron Abadi joins Alison Stewart to discuss the effects Brexit might have on business relations in the UK and Europe. Continue reading
When the U.S. enters into free-trade agreements, are there any rules prohibiting manipulation of foreign exchange rates?
Question/Comment: When the U.S. enters into free-trade agreements, are there any rules prohibiting manipulation of foreign exchange rates? I thought the purpose of floating rates set by the market was to adjust for imbalances in trade. Obviously, that is not … Continue reading