As fears of the growing coronavirus pandemic are leading to something close to a temporary shutdown of the U.S. economy, the moment has come to listen to the most important young political voice in the country: Andrew Yang.
Concern that China's subsidies caused a flood of cheap imports was what started the U.S.-China trade war in the first place, but subsidies were not mentioned even once when President Trump announced "phase one" of a trade deal with China. A genuine solution to the China trade problem will require forcefully addressing the unmentioned subsidy issues.
Are the provisions of the Trump administration’s rewrite of the North American Free Trade Agreement (NAFTA)—set forth in the United States-Mexico-Canada Agreement (USMCA) enforceable? As written, the answer is no.
The recent decision by America's Business Roundtable to abandon its support for shareholder primacy was a long time coming, and reflects a broader shift toward socially conscious investment. Now that the multi-stakeholder model is receiving the attention it deserves, it will be incumbent on governments to create space for it to succeed.