David Wessel joins host David Dollar to discuss what’s in the debt ceiling deal reached between President Biden and House Speaker Kevin McCarthy. Wessel explains the deal’s broad provisions, it’s impact on fiscal policy, and whether it resolves the long-term budget and debt issues.
US National Security Advisor Jake Sullivan's speech is another signal of the threat to global trade posed by the return of industrial policy to the North Atlantic.
The United States' focus on domestic industrial policy is unlikely to achieve its economic or national security objectives, writes David Dollar (Brookings Institution).
that imply sovereignty and are official in nature. it should not send any wrong signal to the separatist forces for taiwan independence in the name of economy and trade. live now to david dollar, a senior fellow at the brookings institution and leading analyst on china and taiwan s economies. david, good evening. thank you forjoining us. taiwan and the us are saying this agreement will strengthen economic ties in a number of ways, why do you think we are seeing them reach this steel now? it think we are seeing them reach this steel now? this steel now? it is mainly political- this steel now? it is mainly political. you this steel now? it is mainly political. you quoted - this steel now? it is mainly political. you quoted the i political. you quoted the blowback from beijing, they are unhappy that the us is negotiating directly with taiwan on trade issues. frankly the agreement is very minor. it involves some simplification of customs procedures but it s not going to have much eco