The Non-Sucralose-Coated Sugar-High A recent poll indicating President Biden is in some reelection trouble even against Donald Trump doesn’t change the fundamental context for U.S. trade policy. Both politicians have now embraced protectionism on behalf of manufacturing labor. While Mr. Biden has long been a defender of labor unions, conservatives are now listening to Oren Cass who argues it is important for nations to make things, and future economic performance is guided by the breadth of goods produced and their sophistication. Behavioral economics was groundbreaking. Free traders are absolutists, but people do not follow pure economics doctrinaire, nada neither do countries. Regardless of the net benefits, to save free trade, it...
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
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.