President Trump announced the first sweeping tariffs of his administration, enacting tariffs on solar panels and components from nearly every country in the world—but they create virtually no winners and a broad swathe of losers across the economy.
The Treasury's April foreign exchange report should be interesting.
Thailand hasn't been included in past foreign exchange reports. Yet it is likely to meet all three of the criteria set out in the Bennet Amendment for a finding of "manipulation."
President Trump’s first year in office was marked by reversals of the Obama administration’s major foreign policy accomplishments on trade and immigration, all under the aegis of his America First motto.
Warning: long, wonky, and not for the fainthearted.
I try to assess how the international reforms will impact where firms book profits and thus the measured trade and income balance, not just the mechanical impact of a higher fiscal deficit.