In The News

Steve Holland and Frank Jack Daniel May 31, 2019
Donald Trump counts on tariffs as a tool for convincing other nations to do his bidding. He vows to target Mexico unless it reduces the number of undocumented immigrants and asylum seekers crossing the southern border, imposing tariffs of 10 percent as of June 10 and rising to 25 percent in October. Mexico had shifted to the top US trade partner in goods after Trump imposed tariffs on China. “...
Edward Alden May 29, 2019
The turn of this century saw promising and exceptional development in the global trading system with the World Trade Organization and many other multilateral trade agreements. But during the last decade, the loss of jobs due to automation and outsourced labor has led to nationalist, anti-globalization backlash and protectionist measures in many countries, including Europe and the United States....
Noah Smith May 22, 2019
Productivity growth is slowing down in the United States, part of a global trend, reports Noah Smith for Bloomberg. Comparing how much workers produce across countries is difficult because of variances in data reporting. Economists have long credited technological and organizational changes for rising productivity, but Smith suggests reduced globalization may also be a factor. “From 1993 to 2008...
Sijia Jiang and Michael Martina May 16, 2019
The US president signed an executive order US firms from using telecommunications equipment made by firms deemed to pose a national security threat and placed Huawei and 70 affiliates on an exports blacklist. The moves could disrupt Huawei’s march toward 5G technology and “likely ban the firm from acquiring U.S. components and technology without government approval,” reports Reuters. The firm...
Chris Buckley and Steven Lee Myers May 13, 2019
Trade talks between China and the United States have abruptly been put on pause as Chinese President Xi Jinping backed away from previously agreed upon terms that would reform laws constraining US businesses in China. US President Donald Trump and trade representative Robert Lighthizer responded by insisting on their demands, stalemating negotiations that otherwise might have been concluded....
David Fickling May 10, 2019
The trade war between the world’s two largest economies is escalating, even as talks continue in Washington, DC, and neither China nor the United States wants to back down. The US is raising tariffs on $200 billion of Chinese imports from 10 to 25 percent, and China promised to retaliate. Leaders on both sides appeal to nationalistic supporters, expressing confidence that the other side will hurt...
Matt Peterson May 8, 2019
Soon after announcements that the US-China trade talks were winding down, US President Trump suggested hiking tariffs from 10 to 25 percent. “The punitive action in the midst of a negotiation was a departure from Trump’s generally optimistic tone about the talks, but it was a return to form for [Robert] Lighthizer, an experienced negotiator with a reputation for brinksmanship,” explains Matt...