World Perspectives

Trade Policy Pivot Rationalized

U.S. Trade Representative Katherine Tai is pushing back at critics of the Biden Administration’s withdrawal from decades of trade liberalization. She continued the populist rhetoric that the Administration’s position is a defense of workers, that the U.S. position reflects a global trend, and that this will be a long-term trend. As characterized by former Clinton labor secretary and stalwart trade skeptic Robert Reich, the rules have been rigged against American manufacturing workers and this is a necessary reset.  Meanwhile, Republicans seeking to replace Mr. Biden are echoing this message. Former President Trump wants to impose a 10-percent tariff across the board, and his primary opponents are focused on shutting down t...

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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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