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

Europe Brings a Lawsuit to a Trade Fight

by Editorial Board Nearby Editorial Board January. 28, 2022 6:44 PM ET European Union Trade Commissioner Valdis Dombrovskis speaks during a press conference in Brussels, on December 7, 2021. Photo: Olivier Matisse/The Associated Press Sometimes we wonder what Europe’s leaders think they live in. On Thursday, the European Union responded to China’s trade offensive against … 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

Asian markets mixed in slow trading ahead of Fed meeting

TOKYO – Asian stocks were mixed in silent trading on Wednesday as many investors remained on the sidelines ahead of the US Federal Reserve meeting that will signal how aggressively it will fight inflation. Japan’s Nikkei 225 NIK Index, -0.35% It fell 0.4% in morning trading, while South Korea’s Kospi Index fell 180,721, -0.38% It … Read more

Why the Stock Market Dropped—and Why It Finished Higher

Now that’s a stock market turnaround. Fears of tighter monetary policy from the Federal Reserve, a military conflict in Russia, and simply being on the wrong side of the trade, had stoked panic in the stock market early Monday. Then, investors bought the dip. The S&P 500 rose 0.3% after falling nearly 4% at one … Read more

China’s Trade Surplus Hit a Record in 2021. These Stocks Helped Make It Happen.

China had a record trade surplus in 2021. Dreamtime Text size Remember the trade war? Supply chains diversifying out of China? Chinese exports apparently missed the memo. The country racked up a record $676 billion trade surplus for 2021, a 60% jump from the pre-pandemic year of 2019. Don’t blame currency manipulation. The yuan rose … Read more