Derrick Max’s Post

One issue that is not getting enough attention in this election, especially for its impact on Virginia, is the growing “anti-trade” mentality of both major parties. Trade accounts for roughly one in five jobs in the Commonwealth. These jobs span various industries, from manufacturing and agriculture to defense and technology. I discuss the critical role trade plays in expanding the world's economic pie, and in creating alliances that promote peace and cooperation. https://lnkd.in/ejtkB2PH

Another Section 301 ahead. This time under US President Biden. This statute was a key part of my Ph.D. dissertation. Because it was meant to be retired from use in the wake of global trade reforms and the launch of the World Trade Organization 30 years ago, I thought my knowledge was going to be limited to past practices. I had no idea that I would be spending so much time talking about unfair trade and Section 301 under the Trump era, nor that it would continue under this team as well! I guess all that time spent pouring over cases from the 1970s-1990s was a good investment. #trade #Section301 #unfairtrade #maritime

As part of his re-election campaign, former President #Trump continues to issue threats to impose across-the-board #tariffs on all US imports from #China and more recently, the same on our imports from the #EU. It's really hard to believe he studied at The Wharton School. Indeed, I've yet to find a fellow PhD trade economist who supports Trump's tactic. (Though there is one, but he's serving time in prison). For his part, Mr. Trump has yet to answer the question of how simultaneously igniting an all-out trade war among the world’s biggest economies and our nation's two largest markets--rather than crafting a well-targeted set of trade remedies calibrated to the problems at hand (i) not going to torpedo global growth and (ii) thus deeply harm U.S. firms, workers and consumers, the stakeholders he claims he want to help? I wrote about this in Forbes -- https://lnkd.in/eARAjped -- some time ago: "𝐌𝐫. 𝐓𝐫𝐮𝐦𝐩 𝐅𝐚𝐢𝐥𝐞𝐝 ‘𝐓𝐫𝐚𝐝𝐞 𝐓𝐚𝐫𝐢𝐟𝐟𝐬 𝟏𝟎𝟏’ 𝐀𝐭 𝐖𝐡𝐚𝐫𝐭𝐨𝐧"

Here are five things to know about Trump's cabinet picks and what they might mean for trade in the Indo-Pacific. https://lnkd.in/dyAsCVVR

For those who fear continued American domination, a protectionist America is a weak America. Perhaps we should be supporting the clown? Excerpt: "In the 1990s presidential hopefuls fought over how much America should open itself up to commerce with other countries. Nowadays, the trade debate revolves around how much America should close itself off. Donald Trump is the more radical of the two candidates, with a vision for tariffs that would turn the clock back nearly a century on economic strategy. Kamala Harris is less extreme but still sees a world in which America is best served by soft protectionism, featuring subsidies for favoured industries." (Subscription may be required) #worldtrade #ustariffs #usprotectionism #presidentialelection What America’s presidential election means for world trade https://lnkd.in/g8nzVMQs from The Economist

My latest piece in the Diplomat on what’s in store for US-China economic and trade relations in the second terms of Biden or Trump.

Check this excellent article by a colleague I deeply respect, Wendy Cutler , in The Diplomat on US-China trade and what the incoming President should be prepared for - it’s an excellent read.

🚢 What America’s presidential election means for world trade. “In the 1990s presidential hopefuls fought over how much America should open itself up to commerce with other countries. Nowadays, the trade debate revolves around how much America should close itself off.” #trade #economy

With Election Day upon us, here’s a quick breakdown of how U.S.-China trade relations might shift based on the outcome. Both parties are focused on addressing trade imbalances, but their approaches vary significantly in scope and impact. Read my article giving a breakdown of both the Democratic and Republican parties strategies here, to allow your business to strategically prepare: https://lnkd.in/eEjyDhNu Regardless of the outcome, the next president will play a crucial role in shaping the future of U.S.-China trade relations. #Election2024 #USTrade #ChinaTariffs #GlobalTrade #USChinaRelations #TariffPolicy #TradeWar #Economy #BusinessStrategy #InternationalTrade #EconomicPolicy #Manufacturing #SupplyChain #TradeImbalance #PolicyUpdate

Rising US economic nationalism threatens to undermine world trade whoever wins November’s race to the White House, with shipowners particularly concerned about Donald Trump’s #protectionism returning “on steroids”, according to the head of the global industry, Guy Platten. The world’s largest economy, and biggest importer, has for decades championed free trade policies that underpinned globalisation and the growth of the shipping industry. But leaders of both political parties are now pushing a protectionist agenda. https://lnkd.in/g6r9zfFa #WorldEconomy #WorldOutlook #GlobalRivalry #GlobalOutlook #CorporateStrategy #BusinessStrategy #Strategy #Geostrategy #Geopolitics #GeopoliticalRisks #Politics #WorldPolitics #WorldAffairs #GlobalAffairs #ForeignRelations #ForeignAffairs #ForeignPolicy #InternationalRelations #InternationalAffairs #TechWar #TradeWar #EconomicWar