Withdrawal from Trans-Pacific Partnership, renegotiation of the North American Free Trade Agreement and launching trade actions against China ensure political headlines, but they will not make much difference to the global U.S. trade deficit. Nor will they bring more jobs…
There is little to gain and much to lose by using a border tax adjustment as either a punitive import tariff or a policy designed to finance a border wall.
Ultimately, trade policies based on deals and short-term political advantage will not only damage U.S. relations with Mexico and our other trading partners, but fail to enhance the employment or living standards of the working classes that elected him.
By Julie Pace, Associated Press
President-elect Donald Trump announced Tuesday he will nominate lawyer Robert Lighthizer as U.S. trade representative, picking an experienced trade official who has questioned the conservative movement's commitment to free trade.
By Kevin Freking, Associated Press
The Obama administration says it is trying to hold China to its commitment to allow set quantities of grain and corn to enter the country subject to a lower tariff rate.
By PBS NewsHour
In 2014, after a five-decade freeze, President Obama announced the U.S. would begin re-establishing diplomatic ties with Cuba. But last week's passing of former Cuban leader Fidel Castro is a reminder that the U.S. embargo remains in effect for most…
By PBS NewsHour
President-elect Donald Trump’s deal with United Technologies will preserve 1,100 jobs in the state of Indiana, thus appearing to validate a central promise of his campaign. But questions remain: Is this sort of agreement viable? What is the future of…
By John Rennie Short
From the Brexit, to the recent U.S. election of Donald Trump, voters across the world are rejecting candidates and policies in support of globalization.
Trade agreements remain critical because that beggar-thy-neighbor temptation for governments — in the United States, but especially elsewhere — never goes away. And it will surely resurface if the United States is the first to rip them up.
Most people are probably not aware of the extraordinary level of protectionism that benefits doctors and, to a lesser extent, other highly paid professionals in our own country. And we pay a huge price for this protectionism.
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