2019, A Year in Trade: Imports Decline; China Imports Relocate

By Steven L. Byers, PhD and Jeff Ferry

In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year. 

We Need a 5G Wireless Technology Made in the USA

You are probably hearing a lot about 5G wireless, which is the next big thing in cellular telephone networks. The coming fifth generation of wireless networks will multiply the speed of cellular reception from around 100 megabits per second to multiple gigabits per second. This new technology will make many amazing new activities possible: things like telemedicine, remote-controlled cars…not to mention new apps that will enable teens to share things in new ways their parents would probably prefer not to know about. 

Tariffs Are Working, to the Consternation of the Economics Profession

The New Year dawns on an America where many manufacturing sectors are in a state of aggressive growth. In December, America’s largest steelmaker, Nucor, announced it will add a coil paint line to its Arkansas mill.