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

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