Opinion: The record $1 trillion trade deficit doesn’t even count hundreds of millions of small packages mailed directly from China

It looks like the United States just set a record in 2021—and not a good one. When complete December data comes out on Feb. 8, it will mark the first time the nation ever racked up an annual goods trade deficit exceeding $1 trillion. That’s a staggering sum, and it represents a massive, ongoing shift … Read more

U.S.-U.K. Steel and Aluminum Talks Will End with Managed Trade

Text size A worker adds inner support rings to coils of galvanized steel. Sean Gallup/Getty Images About the author: Gary Clyde Hufbauer is a senior fellow at the Peterson Institute for International Economics Allies for more than a century, now jointly facing Russian and Chinese threats, the US and UK are nevertheless squabbling over the … Read more