World Perspectives

Defensive on Trade Policy

The Biden Administration is trying to shore up support for its trade policy ahead of next year’s election, but some are not buying it. National Security Advisor Jake Sullivan gave a long rambling speech on the topic last week but former USTR economist and now Progressive Policy Institute (PPI) trade specialist Ed Gresser mocked significant parts of it. He lauded Sullivan’s remarks on China but cautioned that, “Some other sections don’t hold up so well. The lengthier passage on trade policy in fact mixes eccentric history with jumbled policy arguments and ends with puzzlement about where the administration really wants to go.” He characterized the trade policy comments as a “study in breezy mis-summarizat...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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