A resource for anyone interested in global business, culture, sustainability, and travel. Here you’ll find news, updates, best practices, trade shows, and even trade leads.
Eric Van Nostrand, the U.S. Treasury Department’s chief economist discusses the U.S. economic outlook.
The global macroeconomic outlook is uncertain, and monetary policy is in a restrictive stance, but American business investment is outperforming expectations. Hiring, though slowing from unsustainable levels, appears steady, and the outlook for future investment appears positive.
In The Economist’s June 2024 Global Outlook video, head of global forecasting and economics, Tom Rafferty, and global principal economist, Steven Leslie, discuss the U.S. economic outlook.
U.S. President Joe Biden discussed efforts to address the global transportation supply chain bottleneck. His remarks followed a meeting with officials and stakeholders from the supply chain on the issue.
Learn more about Biden’s remarks.
President Joe Biden has nominated Rhode Island Gov. Gina Raimondo, a former venture capitalist, as the next secretary of the U.S. Commerce Department.
Biden Announces Economic Team
Biden’s pick will be responsible for repairing economic ties with allies that were hurt as result of Trump’s trade wars, while fulfilling the president-elect’s campaign pledge to stay tough on China.
President-elect Joe Biden has nominated Katherine Tai to serve as the next United States Trade Representative. Tai is a veteran international trade expert who has spent her career working to level the playing field for American workers and families. If confirmed, she would be the first Asian American and first woman of color to serve in this position.
As a Politico report noted, Biden’s pick will be responsible for repairing economic ties with allies that were hurt as result of Trump’s trade wars, while fulfilling the president-elect’s campaign pledge to stay tough on China.
Tai currently serves as the chief lawyer on trade for the House Ways and Means Committee, and previously served in the Office of the United States Trade Representative as chief counsel for china trade enforcement.
Prior to her work for the House committee, Tai served in the USTR’s Office of the General Counsel, first as Associate General Counsel from 2007 to 2011 and then as Chief Counsel for China Trade Enforcement with responsibility for the development and litigation of U.S. disputes against China at the World Trade Organization (WTO).
Before joining USTR, Tai worked in the international trade departments in various Washington, D.C. law firms. She is a graduate of Yale University and Harvard Law School, and is fluent in Mandarin.
According to the Biden transition team, Tai’s deep experience will help the Biden-Harris administration to hit the ground running on trade, and harness the power of our trading relationships to help the U.S. dig out of the COVID-induced economic crisis and pursue the President-elect’s vision of a pro-American worker trade strategy.
“Her deep experience will allow the Biden-Harris administration to hit the ground running on trade, and harness the power of our trading relationships to help the U.S. dig out of the COVID-induced economic crisis and pursue the President-elect’s vision of a pro-American worker trade strategy,” noted a prepared statement from the Biden transition team.
If confirmed, Tai will succeed Robert Lighthizer, whose has overseen a hard line in terms of U.S. trade policy with China.