Global Markets & TPP

April 11th, 2018 by

…U.S. Must Reclaim Global Leadership on Trade FOR IMMEDIATE RELEASE Washington, D.C. –  The U.S. House Small Business Committee hosted a hearing today on “The State of Trade and Small Business,” and Small Business & Entrepreneurship Council (SBE Council) Chief Economist Raymond Keating provided testimony on several key issues, including: the many benefits of trade […]

April 11th, 2018 by

The State of Trade and Small Business   Testimony by Raymond J. Keating Chief Economist Small Business & Entrepreneurship Council   Before the Committee on Small Business U.S. House of Representatives   The Honorable Steve Chabot, Chairman The Honorable Nydia Velazquez, Ranking Member April 11, 2018 Chairman Chabot, Ranking Member Velazquez, and Members of the […]

April 6th, 2018 by

  by Raymond J. Keating- The latest monthly trade numbers from the U.S. Bureau of Economic Analysis show that the U.S. trade deficit increased in February. In fact, the trade deficit has risen notably over the last six months. Uh-oh. Just kidding. Relax. Actually, the trade deficit doesn’t really matter. It’s not like the U.S. […]

April 4th, 2018 by

by Raymond J. Keating- Focusing on the overall trade deficit and deficits with particular countries, President Donald Trump has been emphasizing the imposition of tariffs, along with quotas, on assorted products and/or nations. The latest action by the Administration on April 3 includes proposed tariffs on Chinese goods, which relate to intellectual property theft and unfair […]

March 26th, 2018 by

by Raymond J. Keating- The U.S. economy, including small businesses and consumers, derive enormous benefits from international trade on the energy front, and policymakers need to appreciate this economic fact of life and not undermine such trade with misguided measures, including any undermining of free trade with Mexico and Canada via NAFTA renegotiations. The U.S. […]

March 21st, 2018 by

The Honorable Kevin Brady Chairman Committee on Ways and Means U.S. House of Representatives Washington, D.C.  20515   The Honorable Richard Neal Ranking Member Committee on Ways and Means U.S. House of Representatives Washington, D.C.  20515   Dear Chairman Brady and Ranking Member Neal, On behalf of our nationwide membership of entrepreneurs and small businesses, […]

March 21st, 2018 by

by Raymond J. Keating- International trade plays a vital role in the U.S. economy, with real total trade (exports plus imports) equaling 29.3 percent of U.S. real GDP last year, compared to a mere 6.1 percent in 1955, for example. Indeed, in industry after industry, trade matters. Free Trade and Railroads Consider, for example, the […]

March 20th, 2018 by

by Raymond J. Keating- During a time when the benefits of free trade are coming under fire in political circles, it’s encouraging to see high levels of American adults holding a positive view on foreign trade. Gallup reported earlier this month that 70 percent of U.S. adults hold a positive view on foreign trade – […]

March 12th, 2018 by

by Raymond J. Keating- The Bureau of Economic Analysis released its latest report on international trade in goods and services on March 7. The numbers not only provide an opportunity to get a picture on the latest trends in U.S. trade, but also to reflect on the direction of U.S. trade policy and its possible […]

February 28th, 2018 by

by Raymond J. Keating- As the negotiations proceed to modernize the North American Free Trade Agreement (NAFTA), it is critical to keep in mind that since NAFTA went into effect in 1994, it has been an overwhelming positive for each party to the agreement – that is, the United States, Canada and Mexico – including […]

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