Category Archives: Trade
Thucydides & Tariffs
June 26, 2018 President Trump has decided to levy tariffs primarily on Chinese, European, Mexican, Canadian, Indian and Turkish products, and in so doing, he has alienated them all. Presumably, following the same logic –that the trade deficit is unsustainable- at some point he’ll have to do the same with … Continue reading
Speaking of Trade
March 20, 2018 Rarely, if ever, are trading partners able to achieve a balanced stasis, even among friends and allies. Today keeping personal, trade, and military secrets is fast becoming a thing of the past. Computers and the internet, like flooding waters, continually disseminate them throughout the world. Witness North … Continue reading
2017 U.S. – China Trade
January 31, 2018 A picture is worth one thousand words. Here’s a chart of the U.S. trade deficit with China. 2017 : U.S. trade in goods with China (U.S. Census Bureau) NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not … Continue reading
Speaking Of National Security Strategies
December 25, 2017 Background President Trump did not cause America’s decline; it’s been many years in the making. Once the preeminent surplus nation with a strong manufacturing base, it has morphed into an alarming case of perennial trade deficits and a (growing) $20.1 trillion national debt, the worst in history. … Continue reading
Hydrogen Exports as a Specific Special Drawing Rights (SDR) Criterion
January 29, 2019 Western Reserve Currencies and the Quest for Dominance Historically, shifts in reserve currencies have brought pivotal changes in the global balance of power. Beginning with the 15th Century, which marked Western Europe’s global ascendancy, the currencies of the empires of Portugal (1450-1530), Spain (1530-1640), the Netherlands (1640-1720), … Continue reading
Trade Graphs
Trade with China, 1985-2013 (in millions of dollars) Total Trade Deficit, 1980-2013 (in millions of dollars) Source: U.S. Department of Commerce
The Caribbean
G-20 Infrastructure Commitment On November 16, 2014 leaders of G-20 nations in Brisbane, Australia presented a plan to boost global GDP by more than $2 trillion over five years by investing in infrastructure and increasing trade. Presumably the infrastructure they have in mind will include projects to reduce the use … Continue reading
Trade Deficit With China
U.S.-China Trade Facts U.S. goods and private services trade with China totaled $579 billion in 2012 (latest data available). Exports totaled $141 billion; Imports totaled $439 billion. The U.S. goods and services trade deficit with China was $298 billion in 2012. China is currently our 2nd largest goods trading partner … Continue reading