Commentary As reported by The New York Times Magazine at the time, Joe Biden’s goal was to transform the economy from the get-go: “The Biden Team Wants to Transform the Economy. Really.” Nearly two-and-a-half years later, the damage and chaos of that transformation process are obvious: continuing high inflation (especially energy, food, and gasoline prices),…

In October, U.S. exports hit a record high, causing trade deficits with Europe and China to shrink to an unusually low point, according to a new report from the Bureau of Labor Statistics. The report indicated that U.S. exports grew by $16.8 billion in October, while imports only grew by $2.5 billion, narrowing the trade…

News Analysis Former President Donald Trump’s tariffs and sanctions had the Chinese economy on the ropes. The new administration is enforcing these tariffs and restrictions. In the first 10 months in office, the Biden administration has banned imports of some materials from Xinjiang and sanctioned Beijing over human rights abuses in the region, supported NATO…

Analysis The Trump-era tariffs should remain in place until China refrains from engaging in unfair trade practices. The U.S. trade deficit with China stands at slightly more than $187 billion so far this year. Since Biden took office in January, the trade deficit increased by 46.4 percent compared to the same period in 2020. So…