The biggest news story in the world this past week has been the election of Donald Trump, and the biggest reason for his election was the vote of working class white voters in the Rust Belt states of Pennsylvania, Michigan and Wisconsin, states that had been projected to vote for Hillary Clinton. One current explanation is that these voters felt Trump better understood their economic anxieties better than Clinton – or past Republican candidates. In particular, President-elect Trump spent a lot of time during the campaign talking about trade with China and immigration.
With the Trans-Pacific Partnership heading to Capitol Hill for ratification, U.S. policymakers will weigh the proposed free-trade zone in an increasingly challenging trade environment. The strong dollar, a weaker global economy and low energy prices have all worked against the United States when it comes to trade, said Bob Hughes, senior research fellow at the American Institute for Economic Research. Today, the U.S. posted a trade deficit for the month of
Vol. XLVI, no. 3 | March, 2006
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