The trade deficit, and how much a country exports or imports, is only part of the story.
AP Photo/Reed Saxon
Americans seem to believe trade deficits are a bad thing, partly because of arguments suggesting they mean the US is 'losing.' An economist explains why that's rubbish.
If the trade war with China escalates, siding with the US is going to cost, but Australia’s long-term national interests still lie with it.
There can be no middle road in the trade war between China and the United States. Soon we will have to pick sides.
Tariffs may help certain industries, but their broader impact on middle- and lower-income consumers is generally harmful.
The president says he's fighting his trade war because a generation of free trade has failed working-class Americans. An economist explains why tariffs will only make things worse.
The U.S. won’t be able to walk all over Putin with unilateral sanctions.
American policymakers and lawmakers are floating unilateral sanctions against Russia, Iran and even Turkey in an effort to change behavior. But research shows sanctions only work in narrow circumstances.
CEO Tim Cook built Apple’s vast supply chain, which stretches from China to Europe.
The president launched a trade war largely on the premise of a massive trade deficit with China. A closer look at the iPhone shows why he's wrong.
US tariffs could potentially benefit some EU firms that rely on steel and aluminium.
Prime Minister Justin Trudeau meets with U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C. in October 2017. Trump’s tariffs on Canadian aluminum and steel simply reflect a broader U.S. philosophy on international trade, and that doesn’t bode well for Canada.
THE CANADIAN PRESS/Sean Kilpatrick
The underlying problem with Donald Trump's tariffs on steel and aluminum isn't Trump. It's the increasing willingness by the U.S. to impose its will on its neighbours amid rising economic nationalism.
South African President Cyril Ramaphosa and his team meeting international investors and business leaders in London.
GCIS/ Elmond Jiyane
South Africa's relations with the US could sour under President Trump.
In it together.
The US and China must work together to reform the global trade system. Their economies are too entwined for a trade war.
Donald Trump doesn’t liked to be reined in, which is why he has such a problem with trade deals like NAFTA.
(The Associated Press)
Part of the purpose of trade deals is to prevent politicians from inserting politics into matters of commerce. Donald Trump is bucking that trend. What does it mean for Canada and NAFTA?
We benefit most when we focus on exporting the goods and services we are the most efficient at producing.
Smaller businesses contribute a huge amount of Australia's national output but a tiny proportion of our exports.
Donald Trump has announced import tariffs on steel and aluminium.
Trump's tariffs will have only a small impact on the Australian economy, as Australia isn't a large exporter of steel or aluminium.
China controls 50% of the global steel industry but doesn’t export much to America.
China supplies just 2% of America's steel, while Canada and Europe have sizeable shares and Australian steel producers depend on access to US markets.
Theresa May meets the Saudi leadership – one of her country’s biggest weapons buyers.
Stefan Rousseau/PA Wire/PA Images
When confronted with the consequences of arms sales, democratic governments fall back on a number of flawed arguments.
Leaving the EU single market and customs union cannot be compensated for by free trade agreements with other countries.
Australian Trade Minister Steve Ciobo (right) with Peruvian Foreign Commerce Minister Eduardo Ferreyros after signing a free trade agreement.
Australia recently signed a free trade agreement with Peru and more are on the way. At the same time it is part of a global trend of stealth protectionism among developed countries.
Don’t expect any trade deals soon.
EPA-EFE/Mark Schiefelbein / Pool
The UK’s best prospects for a favourable trade agreement with China are to be found by remaining within the EU.
19th Century Fox.
The two things UK must do to survive Brexit.
Who will emerge as the leader on climate change following the U.S. withdrawal from the Paris agreement?
(AP Photo/Evan Vucci)
Canada ratified the Paris agreement on climate change, but it hasn't yet filled the leadership void left by the United States. Time is running out.
The Queensland government spends more than A$14 billion on essential goods and services, on top of a further A$4 billion of capital expenditure used to build and maintain infrastructure assets such as roads, schools and hospitals.
The Buy Queensland strategy has questionable economic logic and also explicitly contravenes a number of Australia's international trade obligations.