Matthew Klein of Barron’s on Trade Wars and the Growing US Trade Deficit

Matthew Klein of Barron’s on Trade Wars and the Growing US Trade Deficit

A webinar by the International Trade Club of Chicago

Presented by:

• Matthew Klein, Economics Commentator, Barron's
  

Matthew Klein observes that the difference between U.S. exports and imports of manufactured goods is now at its highest level ever relative to the size of the economy, having grown from about 4% of gross domestic product before the pandemic to roughly 5% in March 2021.  Moreover, he maintains that some of the funds appropriated for the Cares Act and follow-on legislation effectively leaked outside America’s borders, partly compensating households and businesses in the rest of the world.

His commentary is informed by the view that a global conflict between unequal economic classes within countries is being misinterpreted as a series of trade, commercial and political conflicts between countries with competing national interests. The result across the world is that the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt.

This presentation is designed for the global trade practitioner who:

• Needs insight on the trends driving US exports and imports

• Asks why the global economic recovery is being paid for by the US taxpayer

• Is skeptical that the Biden administration’s trade policies are fundamentally different from his predecessor’s

• Questions whether today’s trade conflicts are caused by governments promoting the interest of elites at the expense of workers

Registrants are encouraged to purchase:

Trade Wars Are Class Wars | Yale University Press

Register online [NOTE: Registrants must complete registration with Check In.  See confirmation email. Deadline: 4:15 pm  CT, 28 April. No entry to event after that. Late Check Ins will receive recording.]

• no charge for ITCC members and their guests
• no charge for ITCC partners and friends with registration code
  
• $15 for non members
  

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Space limited.  

Welcome and introductions by:

• Karl L. Buschmann, Executive Director, International Trade Club of Chicago
  

Moderated by:

• Ngosong Fonkem, Page Fura, P.C.
  

Closing remarks and adjournment by:

• Karl L. Buschmann, Executive Director, International Trade Club of Chicago
  

For information only, no registration:

ITCC / Karl L. Buschmann kbuschmann@itcc.org  

Webinar made possible by BURG Translations