Investment-driven growth can broadly occur in the form of one of two models, each with a different way of treating wages and household income. One model, which I will call the high-wage model, incorporates and encourages high wages as the engine behind growth and productivity gains. I will call the other model the high-savings model. In this…
As President Donald Trump takes trade actions aimed at China, it is important to focus on the long game. It’s not about cars costing $125 more and surely not about the United States going protectionist. [Peter Morici | April 4, 2018 | Marketwatch] America has been in a trade and ideological war with China for…
President Trump announced the U.S. will impose a tax of some $60 billion on imports from China. [Curtis Ellis | April 2, 2018 | WND] This comes as punishment for the deliberate cheating and outright theft of U.S. trade secrets by China’s communist government and after decades of inaction by Washington’s supine politicians from both…
By Michael Stumo, CEO of CPA The Coalition for a Prosperous America (CPA) strongly supports the Trump administration’s shift from naive “free trade” to the realpolitik “strategic trade” practiced by most industrial nations. Strategic trade will lead to industrial recovery, better jobs and prosperity in the US. Challenges will arise as we transition from trade…
The Trump administration Monday told Beijing to focus on fixing its own “unfair trading practices” instead of hitting “fairly traded” U.S. exports with tariffs – the first U.S. reaction to China’s announcement of new duties on 128 U.S. products in response to Section 232 tariffs on steel and aluminum. [April 2, 2018 | Inside US…
President Trump’s renegotiated Korea trade deal shows that the era of America’s unilateral trade disarmament is over. During the last 30 years, various academics and free traders have urged the United States to pre-emptively remove all of its trade barriers. Op-ed originally appears on The Hill March 29, 2018 The idea was to encourage other…
Is there a better way to reduce the U.S. trade deficit than raising duties on imports? A lot of economists say yes. Some of their ideas are old, some new, and some a little strange. All have been given new life by the Trump administration’s tariff offensive, which has sparked fears of a global trade war.…
By Jeff Ferry, CPA Research Director President Trump has just made what could be the biggest gamble of his presidency: he’s betting that he can make a significant difference in the US economy by taking action against Chinese mercantilism. As usual, the hordes of commentators in the liberal media, conservative establishment, and the economics profession…
Mexico’s ruling party, the Partido Revolucionario Institucional, last week pitched a proposal that would implement the country’s constitutional labor reforms passed last year in a way that labor advocates believe would undermine labor rules that will potentially be included in a retooled North American Free Trade Agreement. [Isabelle Hoagland | March 27, 2018 | Inside US…
Federal and State Officials Senate Finance Committee Chairman Sen. Orrin Hatch (R-UT): “Since KORUS went into force more than five years ago, it became clear that Korea needed to do more to fully implement the agreement in order to remove trade and investment barriers for American exporters. The agreement in principle announced today makes steps…
