Our So-Called Foreign Policy: Time to “Lead from Behind” on the Gulf?

This post was originally published on this siteIt sounds like a global nightmare scenario like those described in Cold War thrillers like “Fail Safe” – Middle East militants from someplace start attacking shipping in the Persian Gulf, through which a third of the world’s oil supplies flow, and the international economy teeters on the brink … Read moreOur So-Called Foreign Policy: Time to “Lead from Behind” on the Gulf?

(What’s Left of) Our Economy: Real Wages Remain a Trump Economy Weakness

This post was originally published on this siteAs I’ve written repeatedly, I’m convinced that the economic data conclusively show that the U.S. economy on numerous fronts has kicked into a higher gear during the Trump years. But last week’s inflation-adjusted wage figures are an important reminder of one big exception: American workers’ price-adjusted take- home … Read more(What’s Left of) Our Economy: Real Wages Remain a Trump Economy Weakness

(What’s Left of) Our Economy: New Fed Manufacturing Figures Nudge Tariffmageddon a Bit Further Away

This post was originally published on this siteToday’s industrial production figures from the Federal Reserve showed not only that U.S. domestic manufacturing regained some strength in May following a string of poor monthly results. They also provided more evidence that President Trump’s tariffs have had little, if any, effect on the performance of either the … Read more(What’s Left of) Our Economy: New Fed Manufacturing Figures Nudge Tariffmageddon a Bit Further Away

Making News: New Spectator Article on Trump’s Mexico Tariffs Threat – & More!

This post was originally published on this siteI’m pleased to announce my publication of my newest magazine article.  The piece, which appears in The Spectator USA, explains why President Trump won his bet that a tariff threat would push Mexico to work harder to stop migrants traveling through its territory to the United States – … Read moreMaking News: New Spectator Article on Trump’s Mexico Tariffs Threat – & More!

(What’s Left of) Our Economy: Tariffs-Led Wholesale Price Inflation Going, Going….

This post was originally published on this siteAmid all the recent trade policy-related news, I’ve struggled (unsuccessfully) to keep up with the U.S. inflation data, but kept my nose to the grindstone this week and have now managed to scrutinize the new producer price figures (for May) in detail. These Bureau of Labor Statistics (BLS) … Read more(What’s Left of) Our Economy: Tariffs-Led Wholesale Price Inflation Going, Going….

(What’s Left of) Our Economy: U.S. Manufacturing’s Productivity Lag Keeps Worsening

This post was originally published on this siteThey’re not as exciting as the trade data and the jobs data these days. In fact, they rarely generate any excitement. And this year, they had the misfortune of coming out on the 75th anniversary of D-Day. All the same, last Thursday’s second set of government figures on … Read more(What’s Left of) Our Economy: U.S. Manufacturing’s Productivity Lag Keeps Worsening

(What’s Left of) Our Economy: U.S. Jobs Report Again Shows Evidence of Tariffs Damage

This post was originally published on this siteA speaking engagement yesterday prevented me from posting promptly on that morning’s monthly U.S. jobs report (for May), but after crunching the numbers, two conclusions come through loud and clear. First, the overall results added up to a total stinker. And second, like last month’s release, they contained … Read more(What’s Left of) Our Economy: U.S. Jobs Report Again Shows Evidence of Tariffs Damage

(What’s Left of) Our Economy: Through the Policy Noise, More Evidence of Trade Progress Under Trump

This post was originally published on this siteToday’s new monthly U.S. trade figures (for April) from the U.S. Census Bureau come at an awkward time statistically speaking. As must be obvious, they predate President Trump’s latest escalation trade war escalations. They’ve been shaped significantly by the safety-related problems at the Boeing Co., long a major … Read more(What’s Left of) Our Economy: Through the Policy Noise, More Evidence of Trade Progress Under Trump

Making News: Back on National Radio on the China Trade Wars…& More!

This post was originally published on this siteI’m pleased to announce that I’ll be returning to John Batchelor’s nationally syndicated radio show tonight.  I’m not yet sure about the segment’s timing, though, and the best way to find out is to follow me on Twitter (@AlanTonelson) if you don’t so do already.  I’ll be sending … Read moreMaking News: Back on National Radio on the China Trade Wars…& More!

(What’s Left of) Our Economy: Krugman’s (Embarrassingly) Phony Tariff History

This post was originally published on this siteTo the many reasons I have to envy Paul M. Krugman (his high profile perch as a New York Times pundit, his Nobel Prize in economics, his surely stratospheric income), one more can now be added:  As strongly indicated by his latest column for The Times, he works … Read more(What’s Left of) Our Economy: Krugman’s (Embarrassingly) Phony Tariff History

(What’s Left of) Our Economy: Time to Investigate China’s Enablers in the Trade War

This post was originally published on this siteFor decades (decades!), when describing how U.S. trade policy should be overhauled, I’ve emphasized that Washington’s approach needs to be not onl “tougher” or “stronger” — as per the favored terms of politicians and reporters.  It needs to be smarter and more nimble as well. So here’s to … Read more(What’s Left of) Our Economy: Time to Investigate China’s Enablers in the Trade War

Making News: Back on Israeli TV on Trump’s Mexico Tariffs – & a New Podcast!

This post was originally published on this siteI’m pleased to announce that I’m scheduled to return tonight to Israel’s i24News TV network to discuss President Trump’s threat to impose tariffs on imports from Mexico if Mexico doesn’t step up its efforts to ease the crisis on the two countries’ borders.  i24News is available by subscription … Read moreMaking News: Back on Israeli TV on Trump’s Mexico Tariffs – & a New Podcast!

Im-Politic: ABC’s Stephanopoulos Peddles Fake News on Mueller and Obstruction

This post was originally published on this siteThe trade wars and resulting uproar have of course intensified lately due to President Trump’s threats to tariff Mexican imports to improve Mexico’s performance in helping ease the border crisis, and a New York Times report that his administration was mulling imposing levies on Australia in response to … Read moreIm-Politic: ABC’s Stephanopoulos Peddles Fake News on Mueller and Obstruction

Im-Politic: A Better Way to Pressure Mexico on Immigration

This post was originally published on this siteIt’s not every day that I praise veteran Republican Senator Charles Grassley of Iowa. In fact, I don’t believe I’ve ever praised him in print. On trade policy he’s often especially especially clueless – his last foray into this field consisted of threatening to use his chairmanship of … Read moreIm-Politic: A Better Way to Pressure Mexico on Immigration

(What’s Left of) Our Economy: The New GDP Report Confirmed the Good News Trump Trade Story

This post was originally published on this siteThe U.S. government’s second look at the gross domestic product (GDP) for the first quarter of the year, which came out yesterday, didn’t significantly change the message sent by last month’s initial read on the economic impact of President Trump’s tariff-centric trade policies so far – and that’s … Read more(What’s Left of) Our Economy: The New GDP Report Confirmed the Good News Trump Trade Story

Im-Politic: Mueller’s Sin of Omission on Obstruction

This post was originally published on this siteThere’s no longer any legitimate doubt: Nearly six weeks after its release, almost no one with any influence on American public policy or public opinion has actually read the publicly available version of the Mueller report on Russian election interference and possible presidential obstruction of justice. And most … Read moreIm-Politic: Mueller’s Sin of Omission on Obstruction

Im-Politic: Why the Crucial Abortion Debates are (Long) Over

This post was originally published on this siteIf only most of the major challenges facing Americans were as easy to meet as arriving at a satisfactory compromise over abortion. In fact, in the key respects, the challenge has already been met, as a general consensus is staring the nation in its collective face, has been … Read moreIm-Politic: Why the Crucial Abortion Debates are (Long) Over

(What’s Left of) Our Economy: Why the Multinationals Still Should be Ignored on China

This post was originally published on this siteIs China mainly valued by American multinational businesses as a super-cheap production site for serving U.S. customers, or as a huge and potentially huge-er consumer market? The question has mattered decisively since the beginning of the nation’s controversial and dramatic trade expansion with China because of the impact … Read more(What’s Left of) Our Economy: Why the Multinationals Still Should be Ignored on China

Making News: New China Trade Wars Op-Ed…& More!

This post was originally published on this siteI’m pleased to announce (a little tardier than usual) the publication of my latest freelance article.  Posted on The National Interest website Monday night, it takes a detailed look at the U.S. goods that China says it will tariff in retaliation for President Trump’s latest levies, and explains … Read moreMaking News: New China Trade Wars Op-Ed…& More!

Making News: Major New Trade & Antitrust Article Now On-Line…& 3 Podcasts!

This post was originally published on this siteI’m pleased to announce the publication of a major freelance article tying together two so-far generally separate areas of American economic policy.  Featured in the Summer issue of American Affairs, it makes the case for using trade policy to reduce the levels of foreign competition faced by U.S. … Read moreMaking News: Major New Trade & Antitrust Article Now On-Line…& 3 Podcasts!

(What’s Left of) Our Economy: More Evidence that U.S. Growth is Healthier Under Trump

This post was originally published on this siteThe current U.S. economic recovery has lasted so long (at more than ten years old, it’s already tied with the 1990s expansion as the longest on record), that anxiety about how long it might last, and when a new recession might begin, is entirely understandable. Yet what most … Read more(What’s Left of) Our Economy: More Evidence that U.S. Growth is Healthier Under Trump

Im-Politic: Claims that Trump Has Betrayed His Voters Economically Look Weaker than Ever

This post was originally published on this sitePresident Trump has betrayed all the (tens of millions) of working class and/or rural voters who supported him in 2016 – that’s been one of the most popular claims by his opponents politics and journalism alike. (See, e.g., this post.)  Even so, the evidence to the contrary being … Read moreIm-Politic: Claims that Trump Has Betrayed His Voters Economically Look Weaker than Ever

Making News: Three China Trade War Interviews Coming Up Tonight!

This post was originally published on this siteI’m pleased to announce that I’ll be doing three broadcast interviews tonight – and yes, that would be a record.  All of them will deal with updating the U.S.-China trade war, no doubt with a special focus on China’s new retaliatory tariffs on American goods. At 8:10 PM … Read moreMaking News: Three China Trade War Interviews Coming Up Tonight!

(What’s Left of) Our Economy: New Fed Manufacturing Figures Show Industry is Still Nicely Withstanding the Metals Tariffs

This post was originally published on this siteThis morning brought another poor result for U.S. domestic manufacturing – specifically, a 0.52 percent decrease in inflation-adjusted output that was its worst such performance since January’s 0.66 percent sequential decline. As a result, the temptation is to blame the Trump tariffs that have so dominated economic and … Read more(What’s Left of) Our Economy: New Fed Manufacturing Figures Show Industry is Still Nicely Withstanding the Metals Tariffs

Making News: New China Trade War Op-ed for The Spectator On-Line…& More!

This post was originally published on this siteI’m pleased to announce that a new op-ed of mine on the U.S.-China trade conflict has just been posted by Spectator/USA.  This is my first contribution for this American edition of the noted British magazine, and it reports on the data showing that China’s threatened retaliatory tariffs on … Read moreMaking News: New China Trade War Op-ed for The Spectator On-Line…& More!

Making News: Updating the China Trade War on Israeli TV and U.S. National Radio

This post was originally published on this siteI’m pleased to announce that I’m scheduled to be interviewed on two broadcast news programs tonight for analysis of the current state of the U.S.-China trade war, and especially the implications of China’s latest retaliatory tariffs on U.S. exports. At 8 PM EST, I’m slated to appear on … Read moreMaking News: Updating the China Trade War on Israeli TV and U.S. National Radio

Making News: New National Interest China Trade War Op-Ed Posted…& More!

This post was originally published on this siteI’m pleased to announce the publication of my latest op-ed article.  Posted by The National Interest today, it presents a trove of data – including from the latest U.S. monthly trade report – showing that even though the outcome of the current U.S.-China trade talks is anyone’s guess, economic … Read moreMaking News: New National Interest China Trade War Op-Ed Posted…& More!

Making News: Latest National Radio Interview on China Trade Wars Now On-Line…& More!

This post was originally published on this siteI’m pleased to announce that the podcast is now on-line of my interview last night on John Batchelor’s nationally syndicated radio show on the U.S.-China trade conflict.  Click here for a fast-moving discussion of the fast-moving trade war, and where it could be headed, with John, co-host Gordon … Read moreMaking News: Latest National Radio Interview on China Trade Wars Now On-Line…& More!

(What’s Left of) Our Economy: New Trade Data Confirm that U.S. Growth Keeps Getting Healthier Under Trump

This post was originally published on this siteThis morning’s monthly U.S. trade figures (for March) enable an update for the economic impact of President Trump’s tariff-centric trade policies – and contain very good news both for Mr. Trump and for anyone hoping that the nation’s growth becomes healthier (which should be all Americans). The major … Read more(What’s Left of) Our Economy: New Trade Data Confirm that U.S. Growth Keeps Getting Healthier Under Trump

Making News: New China Trade Op-Ed Published in Washington Times…& More!

This post was originally published on this siteI’m pleased to announce that a new op-ed of mine on the China trade talks has just been published by The Washington Times.  Click here to read the piece, which explains why a new, high tariff normal is coming to U.S.-China economic relations, and why these and other … Read moreMaking News: New China Trade Op-Ed Published in Washington Times…& More!

Making News: National Radio China Trade Wars Interview Now On-Line…& More!

This post was originally published on this siteI’m pleased to announce that the podcast is now on-line of my interview last night on John Batchelor’s nationally syndicated radio show providing an update on President Trump’s threatened tariff hikes and their possible impact on the U.S.-China trade conflict.  Click here for an illuminating discussion with John, … Read moreMaking News: National Radio China Trade Wars Interview Now On-Line…& More!

(What’s Left of) Our Economy: Why Pre-Trump Trade Policies Really Were America-Last Policies

This post was originally published on this siteI’ve often struggled to decide whether America’s dreadful trade policies over recent decades have stemmed more from incompetence (as President Trump sometimes charges) or corruption in the form of politicians and diplomats shilling for offshoring business interests or the often economically clueless national security community (as Mr. Trump … Read more(What’s Left of) Our Economy: Why Pre-Trump Trade Policies Really Were America-Last Policies

Making News: Back on National Radio Tonight on the Trump China Tariffs…& More!

This post was originally published on this siteNothing like the news business to upset the best laid plans of bloggers – especially in the Trump era!  I was literally minutes away from posting an item on President Trump’s new China tariff threats when I got a query from a national newspaper op-ed editor asking for … Read moreMaking News: Back on National Radio Tonight on the Trump China Tariffs…& More!

(What’s Left of) Our Economy: Are Trump’s Metals Tariffs Starting to Backfire?

This post was originally published on this siteFriday’s monthly U.S. jobs report (covering April) not only included the third straight month of weak manufacturing employment gains. It contained the first notable evidence that President Trump’s tariffs (at least on imports of steel and aluminum) contributed to a payroll slowdown. Industry created only 4,000 new jobs … Read more(What’s Left of) Our Economy: Are Trump’s Metals Tariffs Starting to Backfire?

Making News: Podcast On-Line of China Trade Talks National Radio Interview

This post was originally published on this siteI’m pleased to report that the podcast is now on-line of last night’s appearance on John Batchelor’s nationally syndicated radio show.  So ICYMI, or just want to hear it again, click here for a timely discussion with John, co-host Gordon G. Chang, and me of the state of … Read moreMaking News: Podcast On-Line of China Trade Talks National Radio Interview

(What’s Left of) Our Economy: A Sort of Mixed U.S. Productivity Report

This post was originally published on this siteThis morning’s government report on labor productivity for the first quarter of this year contained a valuable reminder that this measure of the economy’s efficiency – and indirectly, its success in fostering healthy growth and sustainably rising living standards – can improve for good and not-so-good reasons. And … Read more(What’s Left of) Our Economy: A Sort of Mixed U.S. Productivity Report

Making News: On National Radio Tonight to Update the China Trade Talks…& More!

This post was originally published on this siteI’m pleased to announce that I’m scheduled to return to John Batchelor’s nationally syndicated radio show tonight to help John and co-host Gordon G. Chang provide an update on the fast-moving U.S.-China trade talks.  The segment is slated to start at 9 PM EST and you can listen … Read moreMaking News: On National Radio Tonight to Update the China Trade Talks…& More!

Im-Politic: The Mueller Letter Coverage Shows the Need for a Journalism Hall of Shame

This post was originally published on this siteHere are two suggestions for the folks at Columbia University’s journalism school who each year award the Pulitzer Prizes for that so-called profession: First, in addition to citing reporters and editors whose work supposedly embodies journalistic excellence, they should identify news people whose performance is a complete disgrace. … Read moreIm-Politic: The Mueller Letter Coverage Shows the Need for a Journalism Hall of Shame

(What’s Left of) Our Economy: Is the Middle Class Killing It Under Trump?

This post was originally published on this siteIs the economy under President Trump producing outsized wage gains for working- and middle-class Americans, as the chief executive claims? Or have his policies betrayed the workers who gave him so many votes in the 2016 race for the White House, as his critics charge?  (See this piece … Read more(What’s Left of) Our Economy: Is the Middle Class Killing It Under Trump?

Im-Politic: The Price of Unforced Trump Immigration Policy Errors

This post was originally published on this siteWhile piloting the fledgling New York Mets to an historically awful season in 1962, their colorful manager Casey Stengel at one point exasperatedly asked “Can’t anybody here play this game?” Or something like it. An Associated Press (AP) report yesterday makes clear that the same question needs to … Read moreIm-Politic: The Price of Unforced Trump Immigration Policy Errors

(What’s Left of) Our Economy: The Latest Sign of Trump Success on Trade

This post was originally published on this siteIt’s still not possible to say confidently that the impact of tariff-related distortions are over (at least for the foreseeable future), and that President Trump’s trade policies are once again enabling the U.S. economy to grow strongly faster than its debt-producing trade deficits (i.e., more healthily and sustainably). … Read more(What’s Left of) Our Economy: The Latest Sign of Trump Success on Trade

(What’s Left of) Our Economy: U.S. Manufacturing Trade Seems Back on a Winning Track

This post was originally published on this siteEven as the Mueller Report and its aftermath and the intensification of the 2020 presidential campaign to suck up most of the media oxygen, evidence keeps coming in that President Trump’s trade policies are achieving many of the successes they’ve targeted. A little over a week ago, I … Read more(What’s Left of) Our Economy: U.S. Manufacturing Trade Seems Back on a Winning Track

Im-Politic: Signs of Hopeless Division or Potential Unity?

This post was originally published on this sitePolls like today’s Gallup survey that try to assess what national issues and problems are foremost in American’s minds are terrifically valuable, especially as big elections like the 2020 presidential race approach. Trouble is, Democrats and Republicans and independents of all kinds will struggle to find clear trends … Read moreIm-Politic: Signs of Hopeless Division or Potential Unity?

(What’s Left of) Our Economy: Manufacturing’s Productivity Leaders Continue to Surprise

This post was originally published on this siteOne of my favorite sets of U.S. government statistics came out this morning – “Productivity and costs by industry: manufacturing and mining industries.” However boring it sounds, it’s useful because it sheds lots of light on which specific sectors within domestic American manufacturing should be seen as winners … Read more(What’s Left of) Our Economy: Manufacturing’s Productivity Leaders Continue to Surprise

(What’s Left of) Our Economy: A New North American Trade Study’s Crucial Footnote

This post was originally published on this siteThat was some footnote Commissioner Jason E. Kearns apparently insisted be inserted into the U.S. International Trade Commission’s (USITC) recent report on the economic impact of the Trump administration’s attempt to rewrite the North American Free Trade Agreement (NAFTA). In fact, it contains the key to giving this … Read more(What’s Left of) Our Economy: A New North American Trade Study’s Crucial Footnote

Im-Politic: Exonerating Mueller on Not Exonerating Trump

This post was originally published on this siteSo many legal and Constitutional issues are raised in Special Counsel Robert Mueller’s report on Russian interference in the 2016 presidential election and on the possibility that President Trump or any of his aides and associates obstructed justice either before or during the Mueller investigation that they can’t … Read moreIm-Politic: Exonerating Mueller on Not Exonerating Trump

Following Up: Podcast Now On-Line of Last Night’s China Trade Talks Radio Interview

This post was originally published on this siteI’m pleased to announce that the podcast is now on-line of my interview last night on John Batchelor’s nationally syndicated radio show.  Click here for a timely discussion of the fast-moving U.S.-China trade talks with John, co-host Gordon G. Chang, and me.  Special bonus:  The segment spotlights my … Read moreFollowing Up: Podcast Now On-Line of Last Night’s China Trade Talks Radio Interview

Making News: Back on National Radio – as China Trade Talks Near an End?

This post was originally published on this siteI’m pleased to announce that tonight I’m scheduled to return to John Batchelor’s nationally syndicated radio show to help provide an update on the fast-moving U.S.-China trade talks – which could be entering their final stages.  Click here to listen live on-line to what’s sure to be a … Read moreMaking News: Back on National Radio – as China Trade Talks Near an End?

(What’s Left of) Our Economy: The New Data Contain More Good Trade News for Trump – & the Economy

This post was originally published on this siteThe most reasonable conclusion to draw from today’s new U.S. trade figures (which cover February) is that, although evidence keeps growing that President Trump’s trade policies are returning to a success track, even only a fairly clearcut verdict won’t be possible until the March numbers come in. The … Read more(What’s Left of) Our Economy: The New Data Contain More Good Trade News for Trump – & the Economy

(What’s Left of) Our Economy: Why Tariffs are Off the Hook for Manufacturing’s Slowdown

This post was originally published on this siteHere’s all you need to know to recognize that domestic U.S. manufacturing is experiencing some kind of slowdown: Today’s real output numbers from the Federal Reserve showed that production flat-lined on month in March. And that was a significant improvement from the comparable February figure – a 0.37 … Read more(What’s Left of) Our Economy: Why Tariffs are Off the Hook for Manufacturing’s Slowdown