China’s statistical authorities have just announced that economic growth in the first quarter of this year came in at 6.8 percent, slightly ahead of expectations. Looking beyond the headline number, several points are worth noting. All support the view that China continues to make progress in...
President Trump has made reducing the large US trade deficit a priority. However, he has delegated responsibility on this objective to officials who lack any useful tools to affect the trade balance. Meanwhile, the agency that has traditionally been responsible for trade imbalances—the Treasury...
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