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Manufacturing – Analysis and Comment

U.S. President Donald Trump, seen here in a February 2018 photo, has a beef with trade deficits. Yet running trade deficits with Asian countries has long spurred American spending and consumption. (AP Photo/Evan Vucci)

Donald Trump’s misguided aversion to trade deficits

Donald Trump’s obsession with trade deficits, and his subsequent wielding of the tariff big guns, is the absolute wrong approach for the U.S. economy.
A trade official from the United States walks past a sign Monday where Canadian, American and Mexican officials are holding North American free trade talks in Ottawa. THE CANADIAN PRESS/Adrian Wyld

NAFTA talks: Seeing the benefits through the bluster

There’s been a lot of rhetoric in the air about the fate of NAFTA, especially from the U.S. president. But its demise is extremely unlikely.
Metropoles like Shanghai have survived and thrived in large part because of their massive populations. But what happens when people start to become a liability rather than an asset? Reuters/Aly Song

Can the world’s megacities survive the digital age?

Research shows that technology disrupts economies of scale, turning megacities’ huge populations from strength to liability. To survive, megacities, like companies, must adapt.