U.S. Trade Representative-Designee Katherine Tai and House Democrats are articulating trade policy under the new government, but it is filled with vagues and contradictions. As an economic fundamental, both domestic commerce and international trade can result in winners and losers. Policymakers have historically sought regulatory boundaries that ensure the benefits outweigh the costs, not that there be no cost at all. Speaking before the National Foreign Trade Council, Ms. Tai proclaimed a new “worker-centered trade policy.” She said that U.S. trade policy “must benefit regular Americans, communities, and workers. And that starts with recognizing that people are not just consumers – they are also workers, and...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.