David Kelly, Chief Global Strategist of JPMorgan Asset Management, explains why the US trade deficit with China doesn’t matter. Kelly explains that he runs a trade deficit with Costco and many other retailers. What does matter is whether you run a trade deficit overall. He says the cause for the […]
David Kelly, Chief Global Strategist of JPMorgan Asset Management, explains why the US trade deficit with China doesn’t matter. Kelly explains that he runs a trade deficit with Costco and many other retailers. What does matter is whether you run a trade deficit overall. He says the cause for the […]
President Donald Trump’s trade policies are similar to protectionist trade policies of the 1980s. The US’s trade policies in the 1980s did little to reduce the trade deficit and ended up costing American consumers more than they helped the protected industries. There is one key danger under Trump that did […]
President Donald Trump tweeted that the US has a “a Trade Deficit with Canada.” The tweet comes after audio of a speech was released in which Trump recalls bluffing to Canadian Prime Minister Justin Trudeau about the trade imbalance. The US, however, does not run a trade deficit with Canada, […]
President Donald Trump said Monday that his administration is looking into a “reciprocal tax” on imports. The comment sparked concerns among economists, analysts, and industry groups that the US could impose higher tariffs on goods and trigger a trade war. In what was supposed to be a week focused on […]
President Donald Trump’s administration announced tariffs on solar panels and washing machines on Monday. Some companies already responded to the tariffs, such as Whirlpool, which announced it would add 200 jobs. While the potential benefits are easy to see, the much more significant downsides are less obvious. President Donald Trump […]
President Donald Trump slammed previous trade...
President Donald Trump has authorised the deployment of National Guard troops to the US-Mexico border. It would not be the first such deployment, but it has drawn the ire of Mexican citizens and lawmakers. Trump has long railed against Mexico, and critics on both sides of the border say that […]
LONDON -- The UK's trade gap widened...
President Donald Trump has been sceptical of...
LONDON -- The Office for National...
On Friday, the second estimate of the UK's Q3...
The British Chambers of Commerce also just cut its forecast for the UK's economic growth in 2015.
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