Global Markets & TPP

May 23rd, 2024 by

Statement on Promoting Supply Chain Resiliency Public Hearing Office of the United States Trade Representative May 23, 2024   Raymond J. Keating Chief Economist Small Business & Entrepreneurship Council Good morning. I’m Ray Keating, and I serve as chief economist for the Small Business & Entrepreneurship Council. SBE Council is a nonprofit advocacy, research and […]

February 7th, 2024 by

by Raymond J. Keating – International trade has been a positive for U.S. economic growth for decades. In the most straightforward terms, exports boost U.S. entrepreneurs, businesses and workers, while imports serve as inputs to U.S. businesses, and reflect the state of domestic economy, as a growing economy increases the demand for imports on various […]

February 2nd, 2024 by

Open Letter to World Trade Organization Members: Supporting Micro, Small, and Medium-Sized Business and Startup Growth and Job Creation by Making the WTO Moratorium on Customs Duties on Electronic Transmissions Permanent The undersigned, representing a broad and diverse global community of micro, small, and medium-sized (MSME) business entrepreneurs and startup innovators collectively urge World Trade […]

January 9th, 2024 by

by Raymond J. Keating – Trade matters to U.S. entrepreneurs, businesses and workers, not to mention, of course, consumers. Consider that in 1960, for example, U.S. real exports stood at 3.1 percent of real GDP, while in 2022, that had risen to 11.2 percent. Meanwhile, real imports registered 3.5 percent of real GDP in 1960, […]

November 9th, 2023 by

by Raymond J. Keating – The latest international trade report from the U.S. Bureau of Economic Analysis showed some growth in exports and imports in September. U.S. exports increased by 2.2 percent in September, registering $261.1 billion. That marked three consecutive months of growth (in nominal terms). However, the September level remained below where it […]

November 3rd, 2023 by

President Joseph R. Biden The White House 1600 Pennsylvania Avenue, NW Washington, District of Columbia 20500 Re: The Imperative for U.S. Government Support of Startups, Small Businesses, and Entrepreneurs in the Global Digital Economy The undersigned, representing a broad and diverse community of entrepreneur, small business, and startup innovators, collectively share our deep concern with […]

October 4th, 2023 by

by Raymond J. Keating –  While entrepreneurs, businesses and their employees, and investors continue to push our economy forward, policymakers often seem to be working against such efforts. Indeed, it can appear that the Fed, Congress and the White House are actively working against the private sector. Of course, misguided and costly policies – along […]

August 9th, 2023 by

by Raymond J. Keating – The latest U.S. trade data are deeply troubling. The first estimate of GDP (i.e., gross domestic product) for the second quarter saw real exports plunge by 10.8 percent (annualized, seasonally adjusted). For good measure, real imports declined by 7.8 percent. The trade report from the U.S. Bureau of Economic Analysis, […]

June 27th, 2023 by

SMALL BUSINESS INSIDER by Raymond J. Keating – The death of free trade is being proclaimed far and wide. But such declarations aren’t rooted in sound economics and market realities. Instead, the so-called death of free trade is rooted in nothing more than assertions and assumptions rooted in politics. And when politics overrules sound economics, […]

April 6th, 2023 by

by Raymond J. Keating – The latest monthly “U.S. International Trade in Goods and Services” report pointed to a decline in both U.S. exports and imports in February 2023. Keep in mind that from a small business perspective, exports effectively measure sales and opportunities for U.S. businesses and workers in the global marketplace, while imports […]

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