Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Investing

‘De-Globalization’ Still Isn’t Happening (At Least Not Yet)

by February 6, 2025
February 6, 2025
‘De-Globalization’ Still Isn’t Happening (At Least Not Yet)

Scott Lincicome and Alfredo Carrillo Obregon

Buried in yesterday’s Census Bureau release of the latest US international trade data for full-year 2024 was a nice reminder that, for all the talk of tariffs and “de-globalization,” American consumers and companies aren’t having any of it—at least not yet. In fact, inflation-adjusted US goods imports hit an all-time high last year (Figure 1).

As shown in Figure 2, moreover, this surge was fueled by large increases in imports of consumer goods and capital equipment, the latter of which are used by American manufacturers to make other stuff:

Of course, these data come before the 10 percent tariffs that President Trump just imposed on all Chinese imports, as well as the tariffs he’s threatened on imports from Canada, Mexico, Europe, and elsewhere—taxes that could forcibly reverse the above trends. In the meantime, however, the data are a nice reminder of Americans’ revealed preferences for imports and that while American politicians might be souring on trade, American companies and consumers most definitely aren’t.

0
FacebookTwitterGoogle +Pinterest
previous post
Bank of England trims rates again to 4.5% as economic growth falters
next post
Senate to vote on key Trump nominee after Democrats hold contentious overnight debate

You may also like

The Cognitive Shift: How the Terrorist Label May...

March 20, 2025

“We Should Be Pro-Market and Pro-Business”—New Book Excerpt

May 19, 2025

Modern Libertarianism Author: “It’s the Ideas’ Victories That...

March 14, 2025

Javier Milei’s Inaugural Promise

December 13, 2023

The OECD Wants Higher Taxes on Everything

July 2, 2024

Three Themes from Cato’s Swing State Foreign Policy...

September 9, 2024

Diamond and Dybvig and the Panic of 1907

December 6, 2022

Utah Becomes Seventh State to Let Patients Access...

March 4, 2024

The Blockchain Integrity Act: Latest Attempt to Restrict...

May 9, 2024

Senator Wicker Can’t Wave away Our Dangerous Jones...

March 7, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Senate shuts down Kaine’s attempt to check Trump’s war powers

      June 28, 2025
    • 3 Stock Setups for the Second Half of 2025

      June 28, 2025
    • Trump touts administration’s progress on peace deals, says world leaders ‘respect our country again’

      June 27, 2025
    • Venezuelan opposition member details harrowing 400-day captivity at UN

      June 27, 2025
    • Anxious Republicans turn to Trump amid divisions over ‘big, beautiful bill’

      June 27, 2025
    • JD Vance poised to clinch victory for Trump’s landmark bill as GOP finalizes strategy

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,081)
    • Politics (15,842)
    • Stocks (3,176)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved