In The News

Richard Lardner and Tom Krisher March 13, 2019
Fatal aircraft crashes are rare, and concerns quickly emerged after two Boeing 737 Max 8 aircraft crashed soon after takeoff within six months: one in Indonesia and the other in Ethiopia. “The rest of the world typically takes it cues from the FAA, long considered the world’s gold standard for aircraft safety,” report Richard Lardner and Tom Krisher for the Associated Press. Safety regulators in...
Daniel Gros March 10, 2019
The US trade strategy may be to isolate China until the nation enforces property rights and allows foreign investment without technology-sharing requirements. In negotiating post-Brexit trade agreements with the United Kingdom or the European Union, the United States expects to prevent trade partners from making deals with non-market economies, specifically China, explains Daniel Gros, writing...
Philip Stephens March 8, 2019
In supporting Britain’s exit from the European Union, some voters anticipated escaping rules imposed by the European Union. But the British will soon discover that they cannot be rulemakers, explains Philip Stephens for the Financial Times. He recounts criticism about European noise limits on lawnmowers imposed during the 1980s. British complained and investigated the origins of the European...
Arthur Villasanta March 7, 2019
As economists had warned, the US trade war is causing pain for both Chinese and US businesses. The US trade deficit hit $621 billion in 2018, the largest level since 2008. The US Department of Commerce reports record US imports of $2.6 trillion in goods for the year. The trade deficit in goods was $891 billion with a surplus of $270 billion for services. “Particularly galling for the Trump...
James Politi and Lucy Hornby February 27, 2019
Agreement on a China-US trade deal may be near. Both nations want a deal, though few details have been released. US goods and service trade with China totaled more than $700 billion in 2017. “Yet even if a deal is more likely than not, there is reason to doubt whether it will be as comprehensive as Mr Trump is likely to depict — or even if it can deliver a lasting commercial peace between...
Susan Lund, James Manyika, Jonathan Woetzel, Jacques Bughin, Mekala Krishnan, Jeongmin Seong, and Mac Muir February 26, 2019
Trade increases in absolute terms though overall percentages are slowing, explains analysis from McKinsey Insights. Services like research, finance, engineering and more are growing at a faster pace than trade in goods,” creating value far beyond what national accounts measure,” the article reports, adding “services already constitute more value in global trade than goods. In addition, all global...
Minxin Pei February 18, 2019
If the US and China fail to negotiate a comprehensive trade agreement, bilateral trade, the economic relationship will erode as tariffs of up to 25 percent are applied on $200 billion of Chinese exports to the US, thus encouraging relocation of business activity out of China. Even if the two nations resolve differences over China’s state-owned enterprises and subsidies, the relationship could...