World Perspectives

Trade Deficit Focus; Measuring Up China

Trade Deficit Focus The U.S. trade deficit for goods and services declined slightly in June for the second month in a row but the overall annual number is headed toward more than $1 trillion for a third year in a row. China remains the largest source for deficit goods trade despite a shift toward Mexico and Vietnam as prime suppliers. The U.S. had a rare agricultural trade deficit of $3 billion in 2022 and is headed toward an even larger deficit in 2023. Trade policy has not been a large topic thus far in the 2024 presidential race, though China is, and the typical rant is to revoke China’s permanent Normal Trade Relations status.  Republicans trying to out-hawk one another and President Biden on China will be the common theme,...

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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.

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