North America | Featured Articles

Economic Growth, China and Uncertainty
World | Wednesday, October 10, 2018

The U.S. economy is estimated to grow by 3.1 percent this year, according to the Federal Reserve’s median rate, followed by 2.5 percent next year and 2 percent in 2020. The Wall Street Journal’s Economic Forecasting Survey of more than 60 economists indicates very similar projections.

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Digging in for a Long Fight
Politics | Wednesday, September 26, 2018

President Donald Trump frequently proclaims his desire to “drain the swamp.” In U.S.-China trade relations, however, he is steadily leading the United States into a quagmire from which it may be difficult to escape. Skepticism and hostility towards China among U.S. politicians and commentators existed long before Trump, but the intensification of the rhetoric, and aggressive actions taken in recent months, will be difficult to undo or pull back from, at least for this administration.

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Partners or Rivals? the Future of the US - China Economic Relationship
Economy | Saturday, September 01, 2018

It seems so long ago now, but towards the end of the Obama administration, government officials from the United States and China were working diligently to try to conclude a bilateral investment treaty (BIT). There was some uncertainty about whether the two governments would reach an agreement, as well as whether the U.S. Congress would ratify the treaty, but nevertheless, these two leading economic powers were working together towards a joint vision in an important area of global economic governance.

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Trade Casualties Mount: A New Strategy Is Required To Change Chinese Behavior
World | Friday, August 03, 2018

Trade casualties are mounting in both the United States and abroad as President Trump’s tariffs against imports from China, as well as from our allies, begin to be felt. Earlier we reported that U.S. steel producing industries, which employ approximately 140,000 workers, likely would benefit at the expense of the much greater U.S. steel-using industries, which employ 5.5 to 6.5 million U.S. workers. But recent reports indicate that even these U.S. steel producers are experiencing new difficulties as a result of the tariffs.

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A Temporary Respite From U.S.-EU Trade Tensions
Trade & Finance | Friday, July 27, 2018

On June 26, European Commission President Jean-Claude Juncker met with President Trump at the White House to talk about trade. Afterwards, to the surprise of many (including me), they held a press conference at which they said positive things about the U.S.-EU trade relationship. Then later, President Trump had five positive tweets about the meeting. It was more amicable than anything we’ve seen in U.S. trade policy for many months.

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Trump’s Auto Tariffs Are an Attack on the Rule of Law
Manufacturing | Friday, May 25, 2018

The claim that imported automobiles might represent some sort of threat to U.S. national security hardly merits even a moment’s thought, much less a formal inquiry. To President Trump — who has requested his Commerce Department investigate precisely this question — the inquiry provides a distraction from his mounting legal woes and, perhaps, the opportunity to secure some leverage in the ongoing North American Free Trade Agreement renegotiations.

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The Coming Trade War?
Economy | Saturday, April 28, 2018

Donald Trump was not the first U.S. presidential candidate to blame foreigners and their trade practices for America’s real and imagined economic woes. That is a time-honored tradition of U.S. electoral politics. But Trump is the first president — at least since Congress began delegating parts of its trade policymaking authority to the executive branch a century ago — to actually believe that protectionism will make America great. That alone makes trade war likely. Add a heaping sense of nationalist grievance and trade war appears imminent.

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China and the United States Need a Free Trade Agreement
Trade & Finance | Monday, April 09, 2018

President Trump’s recent decision to impose tariffs on imports of steel and aluminum was met with Chinese tariffs on U.S. products and agricultural goods. In turn, this has escalated with each country identifying additional barriers to trade. To prevent a damaging trade war, and for our mutual long-term benefit, the United States and China need to negotiate a free trade agreement.

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Why President Trump's Steel Tariffs Are Dangerous
Labor | Wednesday, March 07, 2018

Last week President Trump announced that he’ll impose tariffs on imported steel and aluminum of 25 percent and 10 percent, respectively. Since the U.S. steel industry has suffered over the last few decades, this action might seem like a good idea — but is it? Here’s the reality. This action will punish American workers, invite retaliation — most likely against agricultural products from our Midwest — and harm U.S. exports.

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Cooler Heads Must Prevail in NAFTA Negotiations
World | Saturday, February 17, 2018

The Council on Foreign Relations points out that as a result of The North American Free Trade Agreement (NAFTA) regional trade increased sharply over the treaty’s first two decades, “from roughly $290 billion in 1993 to more than $1.1 trillion in 2016. Cross-border investment has also surged, with U.S. foreign direct investment (FDI) stock in Mexico increasing in that period from $15 billion to more than $100 billion.”

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