In March, President Trump signed an Executive Order (EO) calling for a report on the causes of “Significant Trade Deficits.” Economists generally agree that macroeconomic factors related to national savings and investment rates drive trade balances, and we subscribe to that view as well. The EO and forthcoming report ensures that much i...
Continue readingDiscussions about trade often present a false dichotomy: if exports are good and then imports must be bad. This oversimplified view lends itself to policy prescriptions that encourage exporters and discourage importers. Yet the real world is much more complicated as demonstrated by the types of products imported under GSP. The leading category of G...
Continue readingThis week 12 more companies signed up for the 2017 GSP Supporter List. The new companies are highlighted on the graphic below. *** Tariffs on GSP imports are scheduled to go up on January 1. By the time that feels “close,” it may be too late to make a difference in Congress. So if you...
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