President Trump, in a meeting with EU leaders on Thursday, complained about Germany’s “bad, very bad” trade surplus with the United States, the German newspaper Süddeutsche Zeitung reports. May 25th, 2017 [Inside Trade] According to an informal translation of the news report, Trump made clear the reduction of the U.S. trade deficit is an “absolute priority” for…
President Donald Trump had harsh words for Germany at a NATO meeting in Belgium this week, where he reportedly referred to the Germans as “bad, very bad.” Gary Cohn, the president’s top economic adviser, later clarified that Trump was referring to Germany’s trade practices. [DANNY VINIK] May 26th, 2017 [Politico] The criticism of a close…
Coalition for a Prosperous America (CPA) leadership met last week with United States Trade Ambassador Robert Lighthizer and Commerce Secretary Wilbur Ross to discuss the Trump administration’s plans on trade. “We are very happy with the leadership of Secretary Ross and Ambassador Lighthizer who are focused upon reducing the trade deficit and enforcing trade laws,” said Dan…
After a series of angry tweets from President Donald Trump directed toward Germany over trade, Commerce Secretary Wilbur Ross told CNBC on Tuesday he is open to continuing talks on a proposed trade pact with the European Union. [Lori Ann LaRocco | May 30th, 2017 | CNBC] After a series of angry tweets from President Donald Trump directed toward Germany over trade, Commerce Secretary Wilbur Ross told CNBC on Tuesday he is open…
China’s central bank is effectively anchoring the yuan to the dollar, a policy twist that has helped stabilize the currency in a year of political transition and market jitters about China’s economic management. [Lingling Wei & Saumya Vaishampayan] May 25th, 2017 [The Wall Street Journal] The yuan weakened more than 6% against the dollar in…
Michael Stumo, Coalition for a Prosperous America, and Daniel Griswold, The Mercatus Center at George Mason University, weigh in on President Trump’s trade agenda. Click image below to watch the interview.
