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

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