ECONOMIC POLICIES, ANALYSIS, AND RESOURCES
The Economic and Trade Policy Domain tracks and reports on policies that deal with budget, taxation, and finance issues. The domain tracks policies emanating from the White House, Congress, the Department of Commerce and the Department of Treasury.
Latest Economic and Trade Policy Posts
Trade, Not Aid: $12 Billion Aid Package for American Farmers Is Met with Mixed Responses
As the chaos and confusion of the trade war continue to prove problematic on both domestic and global levels, President Trump has attempted to offset the damage done to a critical part of the U.S. economy.
Early Effects of Trade War Caused by Trump Administration
These international tariffs are not designed to only target agricultural companies, though. Some U.S. companies are feeling the impact of the steel and aluminum tariffs more than once. Florida-based boat manufacturer Correct Craft has been affected by both domestic and global tariffs. The Trump administration’s aluminum tariffs have also led to increases in prices of the American-manufactured steel used by many boat makers, as have the retaliatory tariffs imposed by international competitors, leading to a decrease in revenue and with it, a loss of opportunity to expand operations and hire more workers.
China Prepares to Shield Economy from Effects of U.S. Trade War
Recent reports indicate that China has temporally ceased its work on the structural reforms on national economic systems and is shifting its focus to policies that are more geared to supporting general economic growth.
Trump Administration Flip Flops on Tariffs’ Imposition
The administration decided to implement 25% tariffs on 50 billion USD of Chinese goods, despite Treasury Secretary Mnuchin indicating last week that the “trade war” would be put on hold. The tariffs are meant to address “China’s discriminatory and burdensome trade practices.“ The targeted goods contain “industry significant technology” and are related to the “Made in China 2025 program” – a strategy approved by the Chinese State Council designed to transform China into a “high tech powerhouse” in industries like robotics, Artificial Intelligence, information technology, sensors and energy.
US and China Concludes Second Round of Trade Talks Despite Internal Divisions and Confusion
On the weekend May 18-21, a team of Chinese delegates lead by the CCP’s Vice Premier and economist Liu He met with representatives from the Trump administration to discuss trade policies and advert a potential trade war.
Investigating Trump’s Economy
Brief # 14 This past week, the United States Department of Labor reported the unemployment rate fell to 3.9% - a 17-year low. This makes the 3.8% target by the end of 2018 well within reach for the Trump administration and the Federal Reserve. Furthermore, nonfarm...
The Trump Administration’s New Tariff’s
Since the beginning of 2018, the Trump administration has been enacting a series of tariffs, on a variety of foreign products, intellectual property rights, and technology services.
Merkel and Macron Make Last Ditch Effort to Prevent US Steel Tariffs
On May 1st, 2018, the US tariffs on aluminum and steel imports from the EU are set to take affect. The above-mentioned tariffs are an appeasement to the US Steel industry, which has been affected by increased globalization throughout the second half of the 20th century.
Congress Kicks the FY2018 Budget Can Down the Road As Trump Releases FY2019 Goals
The US government shut down, again, for only a few hours last Friday while Congress worked overtime hashing out another Continuing Resolution that funds federal operations through March 23, along with a 2-year spending bill, both signed into law by Trump on the morning of February 9. The shutdown had little effect during…