by Leo Gerard | Aug 18, 2015 | Blog, Trade
Confronted with a dire situation, a world power last week took strong action to secure its domestic jobs and manufacturing. That was China. Not the United States. China diminished the value of its currency. This gave its exporting industries a boost while...
by Dave Johnson | Aug 17, 2015 | Blog, Trade, Trans-Pacific Partnership
Ohio Senator Sherrod Brown has put a "hold" on the nomination of Marisa Lago to be deputy U.S. trade representative. Brown says that his trade advisor is not allowed to see text of the Trans-Pacific Partnership (TPP) unless he is present. The secrecy surrounding TPP...
by Dave Johnson | Aug 14, 2015 | Blog, Trade
China had been setting a too-low exchange rate for their currency, thereby exporting unemployment. Then early this week their bank made a move and the currency plunged. The next day another plunge, then another. China declared this was because they are allowing their...
by Dave Johnson | Aug 12, 2015 | Blog, Trade
"What is good for growth in China is unfortunately bad for everybody else." – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters China on Monday announced it is lowering the value of its currency about two percent in order...
by Dave Johnson | Aug 5, 2015 | Blog, Trade
The U.S. Census Bureau reported Wednesday that the June goods and services trade deficit was an enormous, humongous $43.8 billion. This is an increase from May's enormous, humongous $40.9 billion trade deficit. The monthly U.S. goods deficit with China fell a bit in...
by Dave Johnson | Aug 5, 2015 | Blog, Trade
In the December post, Enougher is Enougher: ANOTHER Citi Nominee, I wrote about the nomination of Marisa Lago to be deputy U.S. trade representative: Ms. Lago was Global Head of Compliance for Citigroup’s corporate and investment bank from 2003 to 2008. She also...
