U.S. President Joe Biden has been busy in Europe this past week and the results are a mixed bag of tricks. Boeing-Airbus Dispute: The two sides will withdraw punitive tariffs on each other’s goods for five years. Tariffs are generally bad and this is an especially good deal for the EU since it faced 87 percent more punishment from the U.S. than it could impose on American goods. The commitment to find a legal solution to the dispute rings hollow since the two sides have failed at that chore for the past 17 years. The real focus is on a joint industrial policy to beat China at large aircraft manufacturing. An effort to develop global disciplines on aircraft subsidies likely gets blocked by China. An especially silly agreement is that...
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
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.