This article from Brookings offers a way to reduce inflation, add jobs, and improve commerce by making a bilateral trade agreement with the European Union.
It’s got lots of support for expecting good outcomes for the American economy and American workers. And it quantitatively spells out what the gains might be.
This is one of the trade relationships the Trump administration fouled up. And especially in these times, with the Ukraine war and Chinese threats, we need reliable trade partners to ‘near-shore’ our sources of supply with. And the EU needs us and our export capabilities as well.
It’s a well-reasoned and thought-provoking article.
Trade agreements take time, and it’s not early to begin.
Sanjay Patnaik and James Kunhardt Tuesday, August 30, 2022
In recent years Vietnam has had its day in the sun, as production of certain items has shifted from China. It’s been cheaper to manufacture in Vietnam, and it’s been a boon to Vietnam’s economy.
But Covid brought a lot of problems to Vietnam, especially at ports. Now firms have to consider whether it’s time to move on, and go to another country.
Instability of supply chains is the new norm. While it’s costly and traumatic to change, sometimes the proper strategy requires it. You can see businesses are thinking hard about it. It’s supply chain strategy playhing out in the real world.
A nice article from Jan Hoffman of the IAME. Clearly it’s important to measure the costs, and how to do it is a big problem, given the fractionated international transport market. COVID-19 changes make it even more problematic, and then throw in Brexit.
JENNIFER BROWN DOMINIK ENGLERT JAN HOFFMANN|JANUARY 20, 2021