For countries with smaller economies that depend on tourism spending, the impact of the Covid-19 pandemic will be even more devastating.
Whether looking at rationing, price caps, trade restrictions, or the market, the problem of face mask shortages is tough to solve.
Since trade with Canada tops everyone but China, we should take a look at what they send to us, what we receive, and why we have a trade surplus with them.
Seemingly small at 10%, Canada’s retaliatory ketchup tariff represents a lot more than a lift for a bland burger and salty fries.
For another NAFTA example, we can start with the impact of Canadian cranberry production on Nantucket but then continue onward to Wisconsin and beyond.
Our weekly roundup includes a look at parental leave plans and fuel conservation, an ethanol update and how corn markets can surprise us.
Challenged by the power of the market, the 2007 mandate from the Congress to encourage biofuel use has created an ethanol glut.
Our economic news summary includes Venezuela’s hyperinflation and Dutch Disease, the NFL’s gender deficiencies, free trade, and new marriage markets.
With the TPP ready for the U.S. Congress’s debate on the free trade deal, we can remember NAFTA, comparative advantage and the fruits of free trade.