CPA Research Director Jeff Ferry said: “Despite slightly better monthly trade data for the month of April, the US trade picture in 2018 continues to worsen. For the first four months of the year, our trade deficit year-to-date 2018 was $201 billion, 11.5% worse than the comparable period in 2017. At this rate, we are…
Editors note: It is significant that Larry Kudlow said this rather than trade hawks like Peter Navarro. Also, citing national interests as more important than the globalist WTO is reminiscent of an important book by Gomory and Baumol called “Global Trade and Conflicting National Interests. National Economic Council Director Larry Kudlow on Wednesday signaled that the Trump…
“Editors note. This steel import surge from many countries, including ‘allies’, show why the 232 tariffs on steel are not limited to unfriendly countries.” Steel imports rose 12 percent in April and have captured 26 percent of the market share this year despite tariffs intended to strengthen the domestic steel industry. [Joseph S. Pete |…
Editors note: The Mexico challenge to US tariff actions will also challenge the future of the WTO if the institution continues being part of the problem by preventing the US from correcting our trade deficits. Mexico has started proceedings against the United States at the World Trade Organization (WTO), arguing that the tariffs that US President…
Editors note: CPA supports country of origin labeling. It is wrong for USDA to label foreign beef as Product of the USA. The Trump administration has the power to fix this problem and should do so. R-CALF USA Billings, Mont.- Today, the U.S. District Court Eastern District of Washington granted summary judgment to the U.S.…
Note: The European Union’s effort to target dumping of Chinese bicycles is a continuation of Europe’s past actions to prevent China’s oversupply from flooding their market in many products. The US trade actions this year are merely catching up with what other countries do BRUSSELS (Reuters) – The European Union opened an investigation on Monday…
Summary note: The Coalition for a Prosperous America supports the legislation, referred to in this article, which would tighten incoming foreign investment restrictions. We are also very concerned about the takeover by Cosco Shipping, a Chinese company. If you owned a company, would you let your competitor monitor all your incoming and outgoing orders? In…
Core concept: The overvalued dollar pushes US commodity prices down Around a decade ago, I was talking with a staffer of the Senate Commerce Committee about infrastructure. I gave a list of potential projects, including trains. He interrupted me and said that they don’t talk about trains there. [Dean Baker | June 3, 2018…
There’s a lot of fuss right now about President Trump imposing tariffs on steel and aluminum imports. Critics fret about a trade war. Others worry there will be disruptions to global markets. [Dan DiMicco | June 3, 2018 | The Hill] Realistically, the president had no choice but to stand up for America’s steel and aluminum producers.…
European Union leaders are considering how to retaliate against the United States, after President Trump imposed tariffs on steel and aluminium imports. Justin Webb speaks to Donald Trump’s former director of White House communications Anthony Scaramucci, while Nick Robinson speaks to Prof Greg Autry, who has worked on US trade policy with China; Bernd Lange, a…