Since assuming office, President Trump has shaken the foundation of global trade with his use of tariffs. Tariffs, in simple terms, are taxes levied on imported goods. Trump’s intentions, in line with his America First campaign promise, are to boost the domestic manufacturing industry, reduce the U.S. trade deficit, and to leverage foreign countries into … Continue reading
Two economic roads have diverged in an American wood. Fortunately, America has been able to travel both. Today, July 1, the U.S. economy entered into its record-setting forty-first consecutive quarter of expansion, surpassing only the forty-quarter boom of the 1990s. What will become a quick clip in the twenty-four-hour news cycle should instead be a … Continue reading
Threatening equity markets, stock manipulation is among the hottest topics for investors today. Michael Lewis, author of Flash Boys: A Wall Street Revolt, describes the U.S. stock market as rigged in favor of High Frequency Trading (HFT) firms. In a 60 Minutes edition, Lewis stated that these firms are able to “identify your desire to … Continue reading
U.S. Trade Representative Ron Kirk appeared before lawmakers today to discuss a loaded trade agenda. Hoping to build on recently passed, very long overdue free-trade agreements with Colombia, Panama, and South Korea, Kirk discussed implementation of those agreements and continued efforts to increase exports and create jobs. Senators questioned Kirk on a range of trade … Continue reading
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