DETROIT — Fiat Chrysler Automobiles said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United States out of the North American Free Trade Agreement. [January 11, 2018 | New York…
Robust trade restrictions sought by U.S. aluminum producers in the Section 232 investigation into the national security implications of aluminum imports will not harm the economy or downstream users, aluminum executives argued on Wednesday. [January 11, 2018 | Inside US Trade] The Commerce Department is expected to submit its report on whether aluminum imports threaten to impair…
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…
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.…
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…
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,…
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…
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…
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…