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A website forum in which senior fellows of the Peterson Institute for International Economics discuss and debate their responses to global economic and financial developments as they occur each day and offer insights that others might overlook.
President Obama’s trip to East Asia over the next two weeks comes at an important time in Asian regionalism. East Asian governments have been moving on several fronts toward regional cooperation and, while some skepticism might be justified, the rest of the world would be wrong to dismiss these developments as [...]
The need for a new equilibrium in global current account and trade imbalances has compelled American policymakers to urge Germany to change its model from that of an export-led economy to one based more on domestic consumption. This would be in keeping with the message delivered in July at the Peterson [...]
The decision by the United States to slap a 35 percent tariff on tire imports from China is, of course, significant. It follows a decision last week by the US Department of Commerce to impose countervailing duties on imports of steel pipe from Chinese firms. In the world of the 24/7 [...]
On May 27, 2009, US Trade Representative Ron Kirk and Egyptian Minister of Trade and Industry Rachid Mohamed Rachid agreed to develop a “Plan for a Strategic Partnership” that would “deepen and broaden trade and investment relations.” They directed senior trade officials to develop a program in 90 days to implement [...]
Congressman Xavier Becerra (D-CA) reportedly declined President-elect Obama’s offer to be the new US Trade Representative because he “came to the conclusion that [trade] wouldn’t be priority number one, and it might not be number two or three.” Given the enormous problems facing the American economy, and given American attitudes toward trade ranging from ambivalence [...]