Anti-WTO is Bipartisan Republican U.S. Senator Josh Hawley (R-Missouri) introduced a resolution last week to pull the U.S. out of the WTO and now two Democrats, Peter DeFazio (Oregon) and Frank Pallone Jr. (New Jersey) have introduced a similar measure in the House. The Hawley measure was deemed helpful to Donald Trump since it reinforces his effort to reform the WTO. DeFazio and Pallone have no intent to help the President but reflect strong misgivings by a small number of politicians as to the impact of the institution. They say the WTO has been a “disaster” for the U.S. due to lost jobs, large trade deficits and pillaging by China. The initiative is unlikely to succeed but it does indicate that adverse sentiment toward the g...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.