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The US medical equipment and supply industry: What happened?

America now depends on overseas suppliers for more than half of its medical equipment and supplies, up sharply from a few years ago. That's based on a PPI analysis of government trade and industry data, What happened? As we go through this terrible pandemic, U.S. healthcare providers are suffering from a surprising shortage of medical…

Trump Trade Deficit Widens to New Record

Despite all his bluster, the "Trump Trade Deficit" widened to a new record in the third quarter of 2019.  The non-oil merchandise trade deficit hit $1.047 trillion in the third quarter of 2019, in 2012 dollars (annual rate). That's according to PPI calculations based on new data released by the Bureau of Economic Analysis on…

Gerwin for Medium: “Getting Democrats to ‘Yes’ on Trump’s New NAFTA”

President Trump is apparently a trade alchemist. He’s taken the core of NAFTA (the “worst trade deal ever”), liberally sprinkled in modern rules from the Trans Pacific Partnership (a “potential disaster”), and created a “brand new” trade deal — the US-Mexico-Canada Agreement (USMCA). Trump’s hyperbole aside, the USMCA, while not perfect, would do a creditable…

How The China Trade War Will Jump Start Digital Manufacturing

(As originally appeared on Forbes.com) Trade war! In my previous column on China and digital manufacturing, I observed that the low price of Chinese imports has been artificially suppressing domestic investments in manufacturing automation. The process of digitization is expensive and risky,  and rational investors and managers won't spend money if they know they will be immediately undercut by Chinese competitors.…

Gerwin for Medium: “Trump Thinks ‘Trade Isn’t Tricky'”

When economic historians recount U.S. trade policy under Donald Trump, they’ll tell a cautionary tale. Like the current consensus that the Smoot-Hawley tariffs worsened the Great Depression and tanked global trade, future analysts will detail the negative economic effects of Trump’s go-it-alone trade policies. And historians will draw from a treasure trove of quotes from…

Gerwin for New York Daily News, “Trump’s NAFTA revision actually reaffirmed open regional trade”

Donald Trump huffed, and he puffed, but he couldn’t blow NAFTA down. Like the Big Bad Wolf in the fairy tale, President Trump presumed that NAFTA — which he’s called the “worst trade deal ever” — would collapse before his bluster like a house of straw. Trump’s bombast may have knocked a few shingles off the agreement’s…

The EU-Japan Economic Partnership Agreement: Boosting Trade, Highlighting America’s Isolation

On July 17, 2018, the European Union and Japan formally signed a landmark agreement on trade. This watershed agreement underscores the strong desire of the EU and Japan to benefit their citizens and economies by aggressively pursuing open, rules-based trade. When ratified by their respective legislatures, the Economic Partnership Agreement (EPA) signed in Tokyo by…

Summary: PPI on Trade Policy

Here are a selection of PPI's recent reports, op-eds and blog posts on global trade 2018  “Confronting China’s Threat to Open Trade,” (Ed Gerwin) (June 2018) Op-Ed in The Hill: “It’s time for Congress to step in and stop Trump’s trade abuses,” (Ed Gerwin) (June 2018) Op-Ed in The Hill: “’Go-it-alone’ trade strategies are neither…

The Trump Trade Tax Strikes Out America’s Baseball Fans

For millions of American fans, baseball’s All-Star Game is a welcome respite from the day-to-day challenges of budgeting for their families. But, as they watch tonight’s Summer Classic, it will be hard for American consumers and taxpayers to avoid the many reminders of the “Trump Trade Tax” — the higher costs that they’ll pay because of the…

Populism Watch: Combatting Protectionist Policies with a Positive Plan for Economic Progress

At the G7 Summit last week, Donald Trump’s fixation on tariffs, as well as his withdrawal of support for a Group of Seven communique, made waves. The President’s protectionist agenda could do serious and lasting damage to the U.S. economy, American workers, and the international relationships we’ve spent decades building. In response, pragmatic progressives should…