CNBC

Trade Deficit Shrinks At Record Rate

The U.S. trade deficit declined sharply in February as imports from China fell by a record amount and American exports rose for a third straight month. The Commerce Department says the deficit fell to $43.6 billion in February, 9.6 per cent below January’s deficit of $48.2 billion. Exports rose a tiny 0.2 per cent to […]

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German Automakers At Odds With Trump

It’s Germany’s turn to feel the heat after President-elect Donald Trump turned his ire on the country’s automakers, its supposed dominance of the European Union, and the failings of Chancellor Angela Merkel’s refugee policy. In a weekend interview given jointly to Germany’s biggest tabloid, Bild-Zeitung, and (somewhat incongruously), the august Times of London, Trump repeated […]

Christopher Booker/PBS NewsHour

Globalization Has Hurt The American Laborer

The states that put Donald Trump over the top to win the presidential election were all hit incredibly hard by global competition in manufacturing. From 2000 to 2010, following China’s admission to the World Trade Organization, Ohio lost 368,000 manufacturing jobs, North Carolina lost 360,000 manufacturing jobs, Michigan lost 340,000, and Pennsylvania lost 314,000. While […]