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‘Six months’ notice’ and The Art of the Squeeze
Brian Mulroney: Mr. Turner, with a document that is cancellable on six months’ notice? Be serious… Please, be serious. John Turner: Well I have never been more serious in my life. Brian Mulroney: Please, please. That was the final ...
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New trade pact mixed bag for Canadians
The long-running soap opera that was the NAFTA renegotiations has ended—at least for now. At the last minute before President Trump’s September 30 midnight deadline, Canadian and U.S. negotiators finalized an agreement that expands an ...
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Economists almost unanimous—rising trade barriers not good
Trade with China may actually have increased manufacturing employment in the United States. ...
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Congress resists crony diplomacy—good!
Even an economist with libertarian tendencies, which I am, thinks there are times when it’s actually reassuring to have a “deep state,” though it would be nice if it weren’t quite so swampy. The Wall Street Journal reports that some ...
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Shrinking U.S. trade deficit likely bad news for U.S. trading partners
Ordinarily, official announcements of the monthly U.S. trade deficit get minimal attention from the media. Not so for the recent announcement by the U.S. Commerce Department of the March 2018 U.S. trade deficit. Numerous media reports ...
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Under threat—the lucrative export of U.S. dollar notes and U.S. Treasury securities
President Donald Trump’s policies to balance trade and increase employment will likely fail because of an iron law of international economics: If a country spends more on goods and services than it produces, the difference must be ...
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Half the world’s cargo ships sail empty—could there be an app for that?
The last time I read about ballast was as a teenager learning Canadian history. Ships carrying furs or timber to Britain needed ballast coming back to Canada and ironware, rocks and people served that purpose nicely. The real money was ...
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Global free trade, an essential element of economic freedom, is under threat
China throws up barriers to international competition and assaults foreign investment. ...
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William Watson: ‘I, Ballpoint’ misses the point—at least a little
You live long enough you really do see everything. I hold in my hands my copy of the Little Red Book, quotations from Chairman Mao Tse-tung, which I bought sometime in the late 1960s for the very reasonable price, the inner flap says, of ...
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Trump advisor's 'China' documentary reveals possible direction of U.S. economic policy
Peter Navarro, a professor of economics at the Paul Merage School of Business at the University of California, Irvine, is the only academic economist on Donald Trump’s economic advisory team. Unusual for an economist, Navarro has written ...