men hand businessman puts credit card into ATM

A Global Upgrade for Trade in Services

Increasingly, the services sector shapes the way global commerce takes place. The trading system needs to give the rules around trade in services an upgrade to match this reality.

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newsroom products profile

Why Trade Agreements are Like Facebook

Every day, Facebook users share posts or “friend” someone, creating billions of new connections. Trade agreements don’t tell businesses whom to friend or like. But by removing obstacles to commercial transactions, trade agreements serve as a platform for American businesses of all sizes to better connect with buyers and sellers around the world.

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Does China Manipulate its Currency-

Currency Manipulation 101

Currency exchange rates have affected the terms of international trade since the beginning of floating exchange rates, and for nearly as long, politicians have accused trading partners of manipulating exchange rates to gain an unfair advantage. What does it mean to engage in “currency manipulation,” how do governments determine whether and when it happens, and what can be done about it?

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America's Colleges are the World's Top Exporters

International Diploma-cy

Higher education is fast becoming one of the world’s leading “exports.” Many people may not think of education as an “export,” but when an international student comes to the United States, for example, the monies spent on tuition, fees and living expenses are considered “exports” of education services.

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China stock market graph ticker

China Shock Therapy

When American workers lose their livelihoods, we look for answers. Between 1999 and 2011 alone, manufacturing jobs in the United States shrank by over 5 million and corresponds to a surge in China’s share of global manufacturing exports. This "China shock" was probably a one-time affair.

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Robert Lighthizer

How to Deal with the Question of China

Confirmation of Robert Lighthizer as USTR is still pending but some of his views on China were revealed at his hearing. The WTO may not have all the tools needed to address China's industrial policies so the Trump Administration may look for additional new ones.

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Fresh Fruit For Sale

“Buy Local” Would Even Spoil Farmers Markets

Madison, Wisconsin is home to the exceedingly vibrant and sort-of-famous Dane County Farmers’ Market. Purveyors arrive in the wee hours of the morning from all corners of the state. We all recognize that drawing the line at the county is arbitrary. The market’s popularity, variety, energy owe themselves to trade and to quality—not to locality.

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Skyscraper with a airplane

Changing Perspective on Trade in 2017

While the election was not about trade per se, it is clear that new U.S. political leadership and many in the American public would like to look at trade differently – a change in perspective, if you will – including who we do trade deals with, whether trade deficits or surpluses matter, and whether Congress or the Administration is in the driver's seat on trade.

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Bruce Lee

Kung Fu Fighting: How Hollywood Responds to China’s Film Quotas

China has more movie screens than anywhere in the world but it only allows a small number of foreign films to run each year. American studios are co-producing movies in China to get a piece of the action. It's an example of global value chains in the U.S. service industries, and they are finding that when it comes to winning movie audiences in China, there's no reward without accepting some risk.

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Car air temperature selector

Both Sides of the Manufacturing Equation

Helping one set of manufacturing workers can put others in harm's way. For example, anti-dumping duties on primary metals might help 400,000 metal workers, but it also disadvantages 6 million other manufacturing workers, whose families and communities equally value their jobs.

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