Do Trade Deficits Matter?
By William Reinsch The trade deficit figure for all of 2016 arrived earlier this month, which provides the annual opportunity to think for a few moments about what it means. The deficit was $502.3 billion, an increase of less than 0.5% from the previous year. That number was reached via declines in both exports and […]
Another Take on Immigration
By William Reinsch In the past I have written passionately about immigration, because I believe immigrants are America’s future just as they have been our past. Virtually all of us came from somewhere else, and it was those forebears whose hard work and love for America made our country what it is today. Our newest […]
William Reinsch quoted in The Hill on US-Japanese Trade Talks
The Trump administration will take its first step this week toward crafting a bilateral trade deal with Japan, an agreement that is likely to face significant hurdles. -snip- “Even keeping Japanese agriculture concessions in TPP may be difficult because the overall balance of concessions is different with only two parties,” said William Reinsch, a trade […]
What Goes Around Comes Around
By William Reinsch John Maynard Keynes famously said, “In the long run, we’re all dead,” addressing the chronic dilemma economists face in sorting out short term from long-term consequences of policy actions. You can infer from his comment that economists’ statements that things will work out all right in the long run do not provide […]
William Reinsch quoted in The Hill on US-UK Trade
A free trade agreement between the United States and United Kingdom could be coming, but it is likely to take a while. -snip- “And that’s only two of a significant number of hot-button issues that would have to be resolved,” said William Reinsch, a trade expert at the Stimson Center. Read the full article here.
Schoolyard Bullies: The US vs Mexico
By William Reinsch It appears the U.S. has a president who continues to pick fights with anybody who disagrees with him. Since I write about trade, I’ll put aside the fight with the National Park Service over crowd size or with the media over almost everything and focus on the fight with Mexico, which I […]
William Reinsch quoted in Christian Science Monitor on NAFTA
JANUARY 26, 2017 —For years, Donald Trump has insisted that international trade is a high-stakes contest that the United States perennially loses. Now that he is president, he is moving quickly to try and reverse the way the nation plays its trade cards. -snip- In the end, Trump will realize he can’t get everything he wants, […]
Risks & Rewards: Examining Trump’s New Approach to Asia
Watch the event video below or click here. Questions linger about the U.S.’s approach to China and the Asia-Pacific region under the new Trump administration. Looking beyond the recent sharp rhetoric between Washington and Beijing, what substantive actions might the Trump administration take toward China, and how might Beijing respond? How will this rising tension […]