As Trump Administration trade policies generate national and global repercussions, the fundamentals of trade are presented in a new report from the Congressional Research Service to help understand what is happening and what is at stake.
The report explains basic economic concepts, such as why countries trade, it provides data on U.S. trade relationships, and it describes how trade policy is formulated. See U.S. Trade Policy Primer: Frequently Asked Questions, April 2, 2018.
Other new and updated CRS reports include the following.
China-U.S. Trade Issues, updated April 2, 2018
Tricks of the Trade: Section 301 Investigation of Chinese Intellectual Property Practices Concludes (Part I), CRS Legal Sidebar, March 29, 2018
Overview of the Federal Tax System in 2018, March 29, 2018
Afghanistan: Background and U.S. Policy In Brief, updated April 3, 2018
Navy Ford (CVN-78) Class Aircraft Carrier Program: Background and Issues for Congress, updated March 30, 2018
Can Aliens in Immigration Proceedings Be Detained Indefinitely? High Court Rules on Statutory, but not Constitutional Authority, CRS Legal Sidebar, April 3, 2018
District Court Decision May Help Pave the Way for Trump Administration’s Border Wall Plans, CRS Legal Sidebar, April 2, 2018
Satellite imagery of RAF Lakenheath reveals new construction of a security perimeter around ten protective aircraft shelters in the designated nuclear area, the latest measure in a series of upgrades as the base prepares for the ability to store U.S. nuclear weapons.
It will take consistent leadership and action to navigate the complex dangers in the region and to avoid what many analysts considered to be an increasingly possible outcome, a nuclear conflict in East Asia.
Getting into a shutdown is the easy part, getting out is much harder. Both sides will be looking to pin responsibility on each other, and the court of public opinion will have a major role to play as to who has the most leverage for getting us out.
How the United States responds to China’s nuclear buildup will shape the global nuclear balance for the rest of the century.