The United States was named the world's most competitive economy by the World Economic Forum (WEF) on Wednesday. In its Global Competitiveness Index, WEF -- known for its annual economic forum in Davos, Switzerland -- ranked the U.S. as the most competitive of 140 economies, the first time the nation has reached the top spot in a decade.
U.S. tariffs on around $200 billion in Chinese imports are set to jump to 25% on Jan. 1, up from the 10% implemented last month. That works out to around $30 billion in new taxes to be paid by U.S. importers, many of whom will pass at least some of the costs on to U.S. consumers.
For the first time since 2005, the United States ranks in the top 10 of the freest countries in the world according to the Fraser Institute’s newest Economic Freedom Rankings, which it just released. The US fell from fourth to sixth during the George W. Bush administration and slid to 10th and 11th during the Obama years, but then began a recovery. In the first year of the Trump administration, we jumped back to sixth.
Many of the trade issues on which U.S. President Donald Trump is now focusing have been concerns for numerous White House administrations, according to Michael Froman, who served as U.S. Trade Representative under former President Barack Obama.
Investments in rural broadband deployment can create significant returns on investments for state economies. A recent study from Purdue University's Center for Regional Development contends that Indiana could generate a $12 billion economic impact over 20 years with strategic broadband investments in rural areas across the state.
A report published on Thursday by the Foundation for Defense of Democracies warns Chinese cyberespionage is the “single greatest threat to U.S. technology,” siphoning over $300 billion per year from the U.S. economy.
At the heart of the United States’ Generalized System of Preferences (GSP) lies a recognition that free trade supports economic growth in developing countries, and such trade can be mutually beneficial. However, with their duty-free access to U.S. markets comes the responsibility of abiding by free and fair trade practices.
With all the focus on Russian hacking, Russian ambition, and Russian threats to U.S. national economic security, another Red Threat continues seemingly unabated: China’s ongoing effort to compete as a global economic power equal to, if not exceeding, the United States. China has the population and the economic ability to compete, and has made its ambitions crystal clear with its Made in China 2025 plans.
If you're looking for an up-and-coming city with a growing business scene, you won't find popular destinations like New York City or Los Angeles on any list. Rather, Texas and parts of the Mountain region are taking over and considered the "biggest boomtowns" in America.
Being the first country to unlock the super battery could have a revolutionary impact on that economy. Huge difference: it’ll change economies. Economies that have thrived off of the petroleum age won’t be thriving anymore. Those that are involved in the supply chain of batteries and the technologies they enable, that’s where the wealth will flow. The distribution of wealth and power could change.