The administration is considering a negotiated solution to tackle steel overcapacity that could involve “voluntary” agreements, House Ways & Means Committee members said on Thursday after being briefed by Commerce Secretary Wilbur Ross on his Section 232 investigations. [Jenny Leonard and Jack Caporal | July 27, 2017 |Inside US Trade] Ways & Means members who met with Ross…
There’s little doubt that the United States has suffered a manufacturing crisis over the past 15 years. With millions of factory jobs lost, and tens of thousands of factories having closed their doors, it’s clear that the global market has tilted unfavorably against U.S. industry. But the root causes of this decline extend far beyond…
Mainstream trade news continues to assert that trade deficits don’t matter. Economists help reporters write these fake news stories by claiming that America’s failure to save money is the problem, not foreign trade cheating. On June 20, 2017, the Coalition for a Prosperous America released a research paper, “Do Savings Rates Cause Trade Deficits?” by…