trade deficit

Surging Exports Raise Inflation Risks

The rise of exports means more income for U.S. producers, an economic positive, but it also increases the risk that inflation will continue to accelerate. Rising foreign demand for U.S. goods and services can push up prices for domestic consumers.

Cargo ships filled with containers dock at the Port of Los Angeles on September 28, 2021,

Hayward: China Benefits from Experts’ Reversal on Recommending Medical Masks

Now that most international public health experts have reversed their curious positions from earlier this year that masks do nothing to slow the spread of the Wuhan virus, China has capitalized on the surging demand for masks to become the world’s biggest provider, despite persistent complaints from customers about the poor quality of Chinese products.

China exported 3.86 billion masks and almost 40 million pieces of protective clothing sinc