Global Markets & TPP

by Raymond J. Keating- A surefire way to make matters worse during a time of economic and political uncertainty is to impose additional governmental costs and controls, like higher taxes. And that includes taxes on imports – or tariffs. Three things have been clear about misguided trade policies over the past three-and-a-half years: ● First, […]

by Raymond J. Keating- In case you missed it, this week is World Trade Week 2020. And it’s a good time to remind government and elected officials about the importance of trade to the U.S. economy, and that steering U.S. trade policy in a free trade direction will help the economy recover more quickly, and […]

by Raymond J. Keating- May is World Trade Month, but unfortunately, given the effects of the coronavirus pandemic, this is not a good time for trade. That is made clear in the latest monthly trade statistics from the U.S. Bureau of Economic Analysis. Given the relative meaninglessness and the danger of how it can be […]

by Raymond J. Keating- The latest data for January points to trade continuing to be an economic negative coming into 2020. And it’s hard to see that improving in the near term. The January numbers showed that exports declined in January. That came after small increases in November and December. But if we look back […]

On January 29, President Trump will sign the United States-Mexico-Canada Agreement (USMCA). The Small Business & Entrepreneurship Council (SBE Council) strongly supported and advocated for USMCA’s passage, as the modernization of NAFTA along with the emergence and growth of the digital economy require a new framework to help boost trade, efficiencies, protections and opportunity for […]

by Raymond J. Keating- The latest data from the U.S. Bureau of Economic Analysis show continued deterioration in terms of those aspects of our economy tied to trade, which, of course, is significant. U.S. exports in November inched up slightly compared to October. But exports have been riding an uneven decline since May 2018. In […]

by Raymond J. Keating- Manufacturing effectively has been in a recession during 2019. That’s why the bounce back in manufacturing output, as well as in overall industrial production in November, as reported by the Federal Reserve, is so welcome. Industrial production grew by 1.1 percent in November, after declines in October and September. And manufacturing […]

“Small businesses will grow more, innovate more and trade more under USMCA.” NEWS For Immediate Release Washington, D.C. – The U.S. House of Representatives will vote on the United States-Mexico-Canada Agreement (USMCA) today, and Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan is reminding representatives about the importance of the agreement […]

NEWS For Immediate Release Washington, D.C. – The following statement can be attributed to Small Business & Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan on the announcement by President Donald J. Trump and the Office of the United States Trade Representative (USTR) that a “Phase One” trade deal has been reached between the […]

by Raymond J. Keating- The more you tax something, the less of it you get. This is Economic Policy 101 stuff, but nonetheless, it’s regularly ignored by politicians. The latest example is trade. If you impose and threaten to impose higher taxes on international trade – that is, higher tariffs – then trade will stagnate […]