© 2018, Farok J. Contractor, Rutgers Business School Trade Statistics Alone Can Frighten and Mislead In my July 11, 2018 blog post, The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data, I described how taking data and statistics out of the context of the larger picture can be not only … Continue reading Does Just One Product – the iPhone – Cause an $11 Billion Trade Deficit for the US?
© 2018, Farok J. Contractor, Rutgers Business School Trade Statistics Can Be Less Than Half the China Story Looking at trade statistics alone is misleading because they lack overall context. The $337 billion US deficit with China in 2017 sounds scary. But a review of other economic factors provides insight into the larger picture. 1. … Continue reading The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data
© 2018, Farok J. Contractor, Rutgers Business School Acting on his campaign rhetoric that China is “raping our country,” Don Trump recently announced a 25 percent tariff on steel, 10 percent on aluminum, 30 percent on solar panels, and 20–50 percent on washing machines—products he alleged are being “dumped” by the Chinese—and threatened a “trade … Continue reading TEN QUICK FACTS ABOUT US TRADE: Deficits, Dumping, and Discords