The U.S. Department of Agriculture (USDA) recently announced a $12-billion plan to support farmers and ranchers harmed by China’s retaliatory tariffs. Op-ed by Michael Stumo Originally Appeared on The Hill on July 31, 2018 Sen. Michael Bennet (D-Colo.) slammed the move in a tweet: “This solution is as insane as the policy that got us into this…
Make America Great Again!” will, given the astonishing victory it produced for Donald Trump, be recorded among the most successful slogans in political history. [ Patrick J. Buchanan | July 27, 2018 | Buchanan Blog] Yet it raises a question: How did America first become the world’s greatest economic power? In 1998, in “The Great…
Editors note: Strange that this article does not even discuss that China is a predatory state directed economy with serious geopolitical goals. Only quantitative comparisons of trade and investment are discussed… a marginally relevant analysis. President Trump keeps raising the stakes in his standoff with China over trade, but he’s backed down, for now, in…
Editor’s note: This admission by Ambassador Zhang Xiangchen of China shows just how wrong free trade proponents have been. China is not changing, never wanted to change, and is happy with their predatory economic strategy. “We have never changed our position,” he said. “As for those who speculated that China would change and move onto a different…
By Jeff Ferry, CPA Research Director Summary: This article looks at China’s heavy dependence on – or overexposure to – the US for their trade surplus and their exports. It examines different ways of counting the China trade surplus, finding that on one alternative measure it could be as much as twice as large as…
By Jeff Ferry, CPA Research Director US gross domestic product (GDP), adjusted for inflation, grew by a 4.1% annual rate in the second quarter of this year, the fastest quarterly growth rate since 2014, showing that economic growth is surging ahead, unaffected by—or perhaps boosted by–trade actions by the Trump administration. According to government figures,…
U.S. Trade Representative Robert Lighthizer on Thursday said the national security-based Section 232 tool is only effective if it is applied globally, despite relationships the U.S. has with countries considered to be key allies. [Isabelle Hoagland | July 26, 2018 | Inside US Trade] Asked by Sen. Jack Reed (D-RI) if Canada posed a national…
“Now that we have a court established finding that lack of country of origin labeling harms cattle producers in the United States, we’re going directly to the White House,” said Bill Bullard, R-CALF USA CEO. [Russell Nemetz | July 26, 2018 | Montana Ag Network] In a lawsuit filed by R-CALF USA, the organization alleged that the…
SHENZHEN, China — Meet the man dubbed China’s Elon Musk, Ruopeng Liu. Like Musk, he’s working on sending people into space, and has already sent them flying. He’s the man behind jet-powered surfboards, and is a multi-billionaire at just 35 years old. [Cynthia McFadden, Aliza Nadi and Courtney McGee | Jul 24, 2018 | NBC News] “We…
The following is the text of the joint statement after President Donald Trump and European Commission President Jean-Claude Juncker’s meeting: [July 25, 2018 | MarketWatch] “We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong…