Yesterday, we demonstrated why a focus on bilateral trade deficits will provide misguided (at best) or counterproductive and harmful (at worst) lessons to policymakers. In short, companies contribute to bilateral trade deficits with some countries and bilateral surpluses with other – but a report on bilateral deficits will almost never captur...
Continue readingIn 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 readingB&C Technologies in Florida is an industry leader in commercial and industrial laundry equipment. B&C imports laundry equipment, particularly parts, from Thailand under GSP and sent one of the more memorable photos for the 2014 GSP expiration survey report: the facility they bought to expand U.S. manufacturing but could not finish because o...
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