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    Protectionist Japan? Check the Numbers

    A recent news report was headlined: “Lawmakers, business groups balk at trade deal with protectionist Japan.” A more accurate title would have been: “Protectionist U.S. lawmakers, special-interest groups balk at trade deal with Japan.” Over 40 Members of Congress recently wrote to President Obama to express concern about allowing Japan … More

    The Arms Trade Treaty and the Second Amendment: Answering the American Bar Association

    On February 26, the American Bar Association’s Center for Human Rights issued a white paper on the U.N. Arms Trade Treaty (ATT), which concludes that “the proposed ATT is consistent with the Second Amendment.” This conclusion neglects important facts about the treaty and the processes surrounding it, which we will … More

    Attention, Reporters: A Trade Deficit Is Not Bad

    The latest trade deficit figures are out, and, as always, most reports fail to accurately explain what these numbers mean. Consider the following widely reported statement: A narrower trade gap boosts growth because it means U.S. companies are earning more from overseas sales while U.S. consumers and businesses are spending … More

    Heritage's Feulner in South Korea to Welcome Its New President

    Heritage Foundation President Dr. Edwin Feulner is in South Korea on Monday attending the inauguration of Park Geun-hye as that nation’s new president and successor to Lee Myung-bak. Feulner has remained a stalwart advocate for Korea-U.S. relations for more than 40 years, and in that time has met with every … More

    Room for Improvement When It Comes to Services Trade

    The Obama Administration recently announced its intention to begin negotiations on an agreement to expand international trade in the services industry, such as the telecommunications, banking, and insurance sectors. According to a letter from U.S. Trade Representative Ron Kirk to Speaker of the House John Boehner (R–OH), the White House … More

    Upstate South Carolina: A Case Study in Free Trade Benefits

    Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth are trade liberalization (free trade) and foreign direct investment. The upstate of South Carolina, which includes the city of Greenville and small towns of Spartanburg … More

    Trade Deficit Doesn't Matter - Trade Freedom Does

    On February 8, the government will release data on imports and exports for 2012. This annual release often ignites a misguided debate about trade deficits. A recent news report perpetuated a popular misstatement about how international trade works: Net imports suck cash out of the economy, subtracting from gross domestic … More

    "Buy American": Path to an Economic Train Wreck

    Commuters on Washington, D.C.’s Metro system may finally have something to look forward to on their commutes other than broken escalators and single-tracking. By 2014, Metro plans on introducing state-of-the-art new rail cars that include LCD screens and ergonomic designs. While these new features may sound exciting, the cost is … More

    Unleash the Market: U.S.–India Economic Relations

    The U.S.–India economic relationship is undeniably expanding. The question is how to maximize it. A recent report published by The Heritage Foundation, “Unleashing the Market in the U.S.–India Economic Relationship, Part I,” begins to answer that very question. The publication sheds light on what could happen if the largest economy … More

    Global GDP: U.S. Adds, China Subtracts

    China’s 2012 official economic numbers are due out at the end of this week and I, among others, will gently suggest that they aren’t particularly accurate. Sometimes, however, it isn’t Beijing that can’t get basic economic facts right. Sometimes it’s us. A lot of foreigners believe China is contributing a … More