Americans have good reason to worry about competition from China, the country with which the U.S. has its largest merchandise trade deficit. But competition from high-value exporters such as Germany also poses a challenge that, so far, has been largely ignored on the campaign trail.
For the first time in six years, more people in America say that the U.S. – not China – is the world’s leading economic power, according to our new survey.
Trade will likely be a topic of discussion when President Obama visits Japan on Wednesday. Most Americans see trade with Japan as a good thing and back a treaty on Pacific trade.
New OECD composite leading economic indicators suggest that Chinese and Brazilians face disappointment with their economies in the months ahead, while many Europeans, Japanese and Americans may be pleasantly surprised.