Clearly, the impact of President Obama’s proposal to consolidate parts of six trade agencies is tiny in comparison to the government’s $3.5 trillion in spending or its trillion-dollar-plus deficits. But if—and that is a big if, depending upon not-yet-available details—it represents a genuine step toward smaller, less costly, and more …
The Office of the U.S. Trade Representative (USTR) just released its 2011 Trade Policy Agenda, which highlights several initiatives designed to boost exports. Nowhere in the 443-page document is a mention of the biggest barrier to U.S. exports: the federal budget deficit. Budget deficits require the government to borrow money …
