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Current Trade Deficit: - Presented by The Robert A. Stranahan Lectures Blogs
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Alan Tonelson, 4/16/2014

New Federal Reserve figures show that harsh winter weather really did slam U.S. manufacturing. But the bounce-back only restores slow growth, and has totally bypassed the steel sector.


Alan Tonelson
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Alan Tonelson, 4/14/2014
President Obama's big trade deal push is coming just as developments on the global monetary policy front look certain to create ever bigger foreign barriers to U.S. exports.
Alan Tonelson, 4/4/2014
American manufacturing's jobs performance remains at far from Renaissance-like levels, and in fact keeps falling further behind even the sluggish improvement generated by the overall economy.
Alan Tonelson, 3/24/2014
To hear it from Chancellor Angela Merkel, Germany keeps running huge global trade surpluses simply because it's so darned competitive. Lately, officials from her own government have been reading from a different script.
Alan Tonelson, 3/17/2014
Harsh winter weather has clearly affected domestic manufacturing output, but the sector keeps expanding even more slowly than the U.S. economy as a whole.
Alan Tonelson, 3/13/2014
Prices of America’s manufacturing-dominated imports from Japan and China remain weak relative to manufactures import prices generally. Without effective Washington responses, proposed new trade deals like the Trans-Pacific Partnership are sure to become U.S. growth and job killers.
Alan Tonelson, 3/7/2014
That sputtering sound you may be hearing is the over-hyped U.S. manufacturing jobs recovery stalling out. And President Obama wants to negotiate new deficit-boosting, job-killing trade deals?
Alan Tonelson, 2/28/2014
The latest government data on economic growth show that U.S. trade flows shaped by trade policy keep slowing the already weak recovery - and are telling Congress that a trade policy blank check for the President will only worsen the damage.
Alan Tonelson, 2/7/2014
Domestic industry maintained a modest warm streak in hiring in January, but since the current weak recovery began, it's created jobs much more slowly than the rest of the economy.
Alan Tonelson, 1/30/2014
Trade is boosting U.S. growth for a change these days, but all of the gains stem from energy trade -- which is virtually unaffected by trade policy. Most of the U.S. trade deficit is shaped by deals like those President Obama is pursuing, and that share keeps worsening and slowing growth.
Alan Tonelson, 1/17/2014
Domestic industry experienced a decidedly un-Renaissance-like 2013, and is now growing even more slowly than the feeble economy as a whole.
Alan Tonelson, 1/14/2014
Nothing could be clearer from new government statistics that ignoring currency manipulation in the new trade negotiating authority legislation and proposed Trans-Pacific Partnership deal will ensure that both become U.S. growth- and job-killers.
Alan Tonelson, 1/10/2014
Manufacturing actually outperformed the overall economy as a job creator in December, but has still been a major employment laggard since the recovery began and the jobs recession in the huge nondurables sector drags on.
Alan Tonelson, 12/20/2013
Shrinking trade deficits are bolstering economic growth, but all because of energy. U.S. trade flows shaped by trade deals keep undermining output and hiring - and therefore the case for Congress authorizing the President to seek more of these agreements.
Alan Tonelson, 12/17/2013
Everything known so far about the trade promotion authority bill reportedly drafted by Congressional leaders tells us that coddlers of currency manipulation have gotten their way.
Alan Tonelson, 12/16/2013
Supporters of domestic manufacturing had better hope that major recent inventory building will turn into major final demand, and that the automotive sector will remain on fire -- because these developments have overwhelmingly fueled industry's recent pickup.
Alan Tonelson, 12/13/2013
The latest import price figures show that Japan and China keep manipulating their currencies to America's disadvantage, and help explain why President Obama's neglect of such protectionism will turn his proposed Trans-Pacific agreement into a disaster for the U.S. economy.
Alan Tonelson, 12/11/2013
A forthcoming book reportedly portrays Bush administration Treasury Secretary and former Goldman Sachs chief Hank Paulson as a determined opponent of China's currency manipulation. Here's why you should read with great caution.
Alan Tonelson, 12/6/2013
American industry's jobs recovery continues but overall remains disappointing. And the nondurable goods sector is still stuck in an outright jobs recession.
Alan Tonelson, 12/4/2013
Down went the overall U.S. trade deficit in October, but the shortfalls surged in the economy's leaders in productivity, innovation, and high wage job creation.
Alan Tonelson, 11/15/2013
Today's Federal Reserve industrial production data showed a domestic manufacturing sector still stuck in slow-growth mode, still smaller than it was when the last recession struck, and still heavily dependent on the automotive sector for output gains.
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