Treasury Secretary Steven Mnuchin explicitly warned Thursday that the U.S. would pull out of the North American Free Trade Agreement if the administration doesn’t get what it wants in current renegotiations. [Sean Higgins | January 12, 2018 | Washington Examiner] “We expect that will be renegotiated, or we’ll pull out,” he told reporters during a Thursday White House briefing. It was…
The Commerce Department has submitted its Section 232 report on the national security implications of steel imports to the president, but steel industry sources and other observers are still wondering whether the administration will take action immediately or wait up to three months, as the law allows. [Isabelle Hoagland and Jenny Leonard | January 12, 2018…
If Canada succeeds in a new World Trade Organization challenge of six U.S. trade remedy practices, it will harm itself — reducing U.S. trust in Canada as a trading partner — and help China by undermining U.S. rules designed to prevent Chinese products from surging into the U.S., U.S. Trade Representative Robert Lighthizer said in…
A bipartisan group that shares many of President Donald Trump’s populist goals on trade is urging the president to impose a “global tariff” on solar imports from China and other foreign suppliers in a case brought by Suniva and SolarWorld. Trump is due to announce his decision in the closely watched trade remedy case by Jan.…
Editor’s note: Yet another article showing that free trade only exists in economist fantasies, not the real world of strategic competition among countries. India will not allow for an investment without a guarantee of buying a substantial percentage of Indian goods. [Vindu Goel and Suhasini Raj | January 10, 2018 | New York Times] MUMBAI,…
Washington, DC- The Coalition for a Prosperous America (CPA) today sent a letter to President Trump supporting effective trade remedies, including strong global tariffs, that would protect and reinvigorate our country’s solar manufacturing industry. Trade cheating, subsidies and technology theft by the Peoples Republic of China has led to the bankruptcies of nearly 30 American companies — and…
A dispute over the alleged theft of wind-turbine technology is slated to go to trial in Wisconsin on Monday in a test case for intellectual-property battles between the U.S. and China. [Erin Ailworth | January 6, 2018 | Wall Street Journal] Federal prosecutors accuse Chinese wind-turbine maker Sinovel Wind Group Co. 601558 -4.29% Ltd. of stealing the source code for software that…
By Jeff Ferry, CPA Research Director An independent public opinion poll published late last year shows growing public awareness of US job loss due to imports, as well as growing public support of the view that NAFTA has been bad for the US. The poll was carried out by the University of Maryland’s School of…
We Americans blithely ignore the long-term effects of allowing foreign corporations to purchase the assets of our country in the form of companies, land, and resources. We are selling off our ability to produce wealth by allowing many American corporations to be purchased by foreign corporations. It is not just foreign companies buying our assets…
In Indiana, Missouri and Pennsylvania, President Trump used the same promise to sell the tax bill: It would bring jobs streaming back to struggling cities and towns. [NATALIE KITROEFF | January 8, 2018 | New York Times] “Factories will be pouring into this country,” Mr. Trump told a crowd in St. Charles, Mo., in November. “The tax…
