WASHINGTON—Lawmakers from both parties are mounting efforts to bolster the federal government’s scrutiny of surging Chinese investment in the U.S., emboldened by President Donald Trump’s anti-China rhetoric on trade. [KATE O’KEEFFE | February 21, 2017 |Wall Street Journal] They have yet to coalesce around any one plan, and the disparate ideas so far show early battle…
By Michael Stumo, CEO of CPA The most recent outrage for the globalists at the Wall Street Journal editorial board is a proposed Trump administration effort to resolve two different versions of government reported trade statistics for the better. Since the WSJ opinion editors do not think trade deficits matter at all, one wonders why…
By Michael Stumo, CEO of CPA Fake trade news abounds. Periodically politicians, reporters or pundits who should know better warn of a “trade war”. A trade war, they fret, will happen if the US defends its economic interests by taking action. That action will certainly (or could possibly, maybe, eventually) be found unlawful by a…
Coalition for a Prosperous America CEO Michael Stumo told Inside U.S. Trade his organization supports the Trump administration’s “shift towards consistently removing the inaccuracies caused by including pass-through goods — or re-exports — from the trade data.” “While there can be inaccuracies in both calculations — as in many government statistics — the narrower Domestic Exports minus…
By Jason Cooper, CPA Research Assistant In 2016 the U.S. ran an overall $946 billion trade deficit* in goods, seven times the 1992 level. In the 23 years from 1992 to 2016, the deficit has risen dramatically, from 1.3% of our GDP to 5.1%. Our global goods deficit is driven by deficits with a handful…
By Jeff Ferry, CPA Research Director Today the CPA published a new article on the U.S.’s Top Ten Bilateral Deficit Nation Trading Partners featuring the latest data for last year. You can read it here. In a nutshell, our trade deficit in goods has increased twenty-fold in the last 25 years to total $956 billion last…
