Economist@EconomicPolicy/EPI. Study trade, manufacturing, jobs, capital flows, exchange rates & financial architecture. NATS fan/bicyclist. Opinions are my own.
Oct 4, 2021 • 8 tweets • 3 min read
US Trade Rep. Katherine Tai speech today will lay out the #BidenAdministration China trade policy politi.co/3a29oxH. They will hold China accountable for "unfair and coercive [trade] practices," which is a step forward. But the Dragon in the room is ... 1/8
...the massive and surging US goods trade deficit, which on track to exceed $1.1 trillion dollars in 2021. US recovery spending is leaking away to imports, which are clogging US ports, & hurting American manufacturing, which has not recovered jobs lost in COVID recession. 2/8
Feb 5, 2020 • 5 tweets • 2 min read
Census announced today bit.ly/31qzKnI the overall goods trade deficit fell 1.7% in 2019. However, the U.S. trade deficit in non-oil goods, which is dominated by trade in manufactured products, increased 1.8% in 2019. Aside from petroleum, trade was a net drag ...
...on the economy in 2019, and on manufacturing, in particular. This comes on top of an 18.3% increase in the goods trade deficit in the first two years of the Trump administration. 2.The petro-products deficit fell 72.6% ($36.3 billion), masking the $14.5 billion increase...
