Economic Commentary

Economy & Policy April 11, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. Let’s be blunt. Some of the reasons, but not the only ones, why our trade deficits are so large is because government expenditures are too high and/or we are not collecting enough taxes. That is, the US economy is growing […]

Economy & Policy April 09, 2025 In response to the 90-day pause on “reciprocal” tariffs, announced April 9, Managing Director, Washington Policy Analyst Ed Mills provides in-depth analysis of potential paths forward. To read the full analysis, see the Washington Policy report linked below. President Donald Trump announced on April 9 that he was pausing […]

Economy & Policy April 04, 2025 Chief Economist Eugenio J. Alemán discusses current economic conditions. The international trading system is not perfect, but as we have said so many times, freer trade is better than no trade and tariffs are, typically, the worst solution to trade issues between countries. Yes, reciprocal tariffs are fair game, […]

Economy & Policy April 03, 2025 The incremental tariffs were bolder than market expectations and ushered in new uncertainty. On April 2, President Donald Trump announced a new, sweeping set of global tariffs: A 10% baseline global tariff on all countries goes into effect on April 5, and an increased rate for designated individual nations […]