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Canadian Prime Minister Justin Trudeau (L) is greeted by U.S. President Donald Trump in the Oval Office at the White House in Washington. Kevin Lamarque/Reuters

Trump’s Brewing Trade War With . . . Canada

During the election campaign, Donald Trump protested mightily against the large trade deficits the United States was running with China, with Mexico, and even with Germany. Not once did he mention trade with Canada as a problem. And yet Canada—which is still the second largest trading partner of the United States, just behind China—is shaping up as the biggest test for the new administration’s trade policy. Read More

May 31, 2017

United States
A Bipartisan Twenty-First Century New Deal

The challenge of how to help those left behind by rapid economic change—whether caused by technology or global competition—has moved to the center of the U.S. national debate in a way it has not been since the 1930s. Trade competition, especially from China, was a significant factor in the disappearance of nearly six million U.S. manufacturing jobs in the 2000s, and President Trump’s criticisms of U.S. trade policy helped him to victory in November in the Rust Belt states of Michigan, Pennsylvania, Ohio, and Wisconsin.

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May 25, 2017

United States
How to Fix the Trump Plan to Fix Our Infrastructure

In an uncharacteristically low-profile manner, the Trump administration included a high-level preview of how it intends to tackle America’s infrastructure deficit in the 2018 budget request it submitted to Congress this week.

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May 22, 2017

Economics
How to Be an Open Economy

MILAN – The word “openness” has two related but distinct connotations. It can mean that something is unrestricted, accessible, and possibly vulnerable; or it can mean that something, such as a person or institution, is transparent, as opposed to secretive.

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