While trade negotiations with China hog the headlines, there is more to explore, including an emerging national debate over the significance of the U.S. deficit. We also encourage our readers to plan any charitable giving earlier in the year in order to maximize potential tax benefits.
- China Trade Deal Close? Numerous sources report that a trade agreement with China is close to done. The agreement will reduce tariffs imposed by both countries, enabling the U.S. to export more goods to China. Whether it will ultimately lead to meaningful structural reform on China’s part will take time to evaluate. The New York Times and Goldman Sachs provide detailed assessments. Meanwhile, the U.S. trade deficit has dramatically increased, and data mounts that the trade wars are hurting the U.S. economy.