Articles on international trade

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Fireworks explode over the Toronto skyline, during the opening ceremonies for the Pan Am Games in July 2015. Toronto is among several global cities that are driving trade in services among countries. THE CANADIAN PRESS/AP-Rebecca Blackwell

How global cities are changing international trade

Cities have not been central to public policy discussions on trade growth and diversification that are typically centred on trade pacts between countries. But cities are now driving a lot of trade.
The trade deficit, and how much a country exports or imports, is only part of the story. AP Photo/Reed Saxon

Why trade deficits aren’t so bad

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. Shutterstock

Trump versus China means picking sides

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. Reuters/Lawrence Bryant

How Trump’s trade war affects working-class Americans

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. Reuters/Sergei Karpukhin

New sanctions on Russia and Iran are unlikely to work. Here’s why

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. Reuters/John Gress

We estimate China only makes $8.46 from an iPhone – and that’s why Trump’s trade war is futile

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.

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