Trump’s critics warn that tariffs will harm workers and the U.S. economy. But China’s economic history suggests otherwise. Op-ed by Jeff Ferry originally appeared in USA Today on August 17, 2018 President Trump‘s fresh tariffs on $34 billion in Chinese goods set the stage for price increases hitting American companies and consumers. So how does…
There are 20 times as many American jobs that have been created in the last six months thanks to President Trump’s tariffs on imported foreign goods than jobs that have been lost. [John Binder | August 17, 2018 | Breitbart] Research by a Coalition for a Prosperous America (CPA) finds that the number of U.S. jobs gained…
By Jeff Ferry, CPA Research Director Turkey’s currency crisis is threatening the Turkish economy and there is a genuine risk that this could spill over into other emerging market economies with excessive foreign indebtedness. There’s even a risk this could lead to a worldwide recession as the aftereffects boomerang back on to the advanced nations…
Editor’s note: The press, the free traders and the globalists continue to seek compromise. Treasury Secretaries Hank Paulson, Tim Geithner and Jack Lew also tried talking with China to seek compromise and failed. China’s bid to become the global superpower is unlikely to change soon. Chinese and U.S. negotiators are mapping out talks to try…
11,100 Job Gains vs. 514 Job Losses So Far Washington. Earlier this week, the Coalition for a Prosperous America (CPA) published details of its new ‘Tariff Job Creation Tracker’ that tallied US manufacturing jobs gained in the wake of recent tariff actions. CPA found 11,100 jobs announced or planned in four major sectors affected by tariffs. These results…
11,100 Job Gains vs. 514 Job Losses So Far By Jeff Ferry, CPA Research Director We’ve had a very positive response to our CPA Tariff Job Creation Tracker, published earlier this week showing gains of 11,100 jobs in four major sectors affected by tariffs. Following requests by readers, we’ve now expanded it into the CPA…
Editor’s note: Boeing is helping Beijing’s bid to dominate airplane production and airline services as they joint ventures with government owned companies. Boeing will sell a few planes for 3-5 years, then will get squeezed out like Apple. It is the same if you are looking to fly from Bangkok to Los Angeles. Or from Singapore…
Editor’s note. This is a nice synopsis alluding to the American System of Economics which the administration’s trade team seems to be returning to. Hamilton and Frederich List (German) dismissed Adam Smith as a cosmopolitan economist. See Michael Stumo’s speech to the Jessie Helms Center annual conference on the same topic here. President Trump defended his…
Editor’s note: This rumored tightening of Buy America rules for government procurement is welcome. There is a strong anti-Buy America group of congressmen and senators that often block similar rules in legislation. The White House is preparing a new executive order expanding rules favoring American-made products in government projects, according to four administration officials and…
Editor’s note: The new move to base the award of defense contracts on, in part, security assessments will make it harder for companies in other countries to participate in the US defense supply chain. A rebuttal to those who don’t care where products are made so long as they are cheap. The Pentagon has a…
