Biden Trade Policy President Joe Biden has tried to make clear that his trade policy is starkly different that his predecessors, both for its focus on collaboration, and on workers. But upon closer examination, it is not so different.
China remains a key focus for scrutiny, but in “tandem” with allies.
The Phase One agreement remains intact.
Section 232 steel and aluminum tariffs remain in place.
Section 301 tariffs are still in place.
Reform of the WTO is still a goal, but pursued with allies.
New appellate judges at the WTO are still being blocked.
New trade agreements are still not a goal, at least not until domestic economic reforms are achieved.
Trump copied Democrats’ hi...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...