Archive for the ‘Trade/Foreign Policy’ Category

An important fact check on manufacturing value-added and employment

August 14th, 2017

So, I’m driving around doing errands this past weekend when I hear former Secretary of Commerce Carlos Gutierrez (in GW Bush’s cabinet) interviewed about renegotiating NAFTA. He’s a big booster of the trade deal and wanted to make the point that any job loss in manufacturing was a result of faster productivity growth, not imbalanced trade…. Read more

Trump, trade, and Germany

May 26th, 2017

So, at a meeting in Brussels yesterday, President Trump appears to have told leaders of the European Union that “the Germans are bad, very bad.” I’ll let those with foreign diplomatic chops figure out how to clean that up—and good luck: When I plug the Spiegel Online headline—“Die Deutschen sind böse, sehr böse”—into Google translator,… Read more

If we want to boost globalization and suppress insularity, we need to understand the mechanics of trade.

April 12th, 2017

Though I’m not sure exactly who “we” are, I think we are missing a rare opportunity to better understand the pressures, conflicts, costs, and benefits of international trade. And the stakes are high: continue to get this wrong and the globalization project will face increasing insular pressures. I yield to no one in my support for… Read more