[ Daily News | December 02, 2016 |Inside US Trade] Top officials with the Trump transition team defended the President-elect’s threat of a 35 percent tariff on any U.S. company that offshores its operations and then exports its goods back to the U.S., telling reporters such businesses are effectively “profiting off the backs of U.S.…
By Jeff Ferry President-elect Donald Trump’s and VP-elect Mike Pence’s coup in getting Carrier Corp. to agree to keep some 1,069 jobs in Indiana instead of shipping them to Mexico is not only great news for Carrier employees and their families, but a welcome sign that the new administration will be focused on living up to its…
Michael Stumo, CEO of the Coalition for a Prosperous America, said in a statement to Business Insider that he felt it was “unlikely” Boustany would get the pick because it would be a total “betrayal of Trump’s campaign promises and his base.” “Boustany is a pro-offshoring globalist, untroubled by trade deficits, who opposed fixing currency…
[ MARK MAGNIER and WILLIAM MAULDIN | December 09, 2016 |Wall Street Journal ] China’s 15-year anniversary as a member of the World Trade Organization on Sunday threatens to trigger a clash with growing forces in the West that cast Beijing as an abuser of open global markets. The anniversary marks Beijing’s eligibility for “market-economy status,” which would remove many risks…