Editors note: The report below notes that China exports advance manufactured goods to Latin America and imports low value, cyclical products which are an economic problem for that region. The same is true with regard to the US-China trading relationship. We export commodities and import value added products, like banana republic The U.S.-China Economic and…
Editor’s note: This factory is not going to China. Congratulations to Dutchland Plastics and Canastota NY. Canastota, N.Y. — Dutchland Plastics has opened a factory in Canastota that the company says will create 42 new jobs. Dutchland CEO Randy Herman, Canastota Mayor Carla DeShaw, state Sen. David Valesky, Assemblyman Bill Magee and other state and…
Editors note: WTO Is in trouble and there is no obvious way out. It may be worth thinking about what the world looks like without the world trade organization. The U.S. ambassador to the World Trade Organization on Tuesday warned WTO members against letting discussions about reforming the multilateral trading system get in the way of…
Editor’s note: The US should not accept just any deal. The EU trade surplus with $442B last year, the biggest surplus of any economic region on the globe. If we don’t impact the trade imbalance, tweaking certain rules will not be worth the time to negotiate. BRUSSELS — Commerce Secretary Wilbur Ross said Wednesday that…