By Jeff Ferry, CPA Research Director The US trade deficit rose another 8.6% in October to reach $48.7 billion as imports in the month hit $244.6B, an all-time record for imports in a single month. That import figure, which includes goods and services imports, is up 1.6% on the September figure, and up 7% on…
Partnership to create more jobs in the US Ozark, MO – December 12, 2017. In an effort to help boost American Manufacturers, Coalition for Prosperous America (CPA) has partnered with BuyDirectUSA.com. CPA is instrumental in giving a voice in Washington, DC to the more than 250,000 US manufacturers, most of whom are small family owned businesses. In total…
So far, the Trump economy is a resounding success. Unemployment is down, wage gains are stronger and stocks are setting new records. But a lot more than tax and regulatory reform will be needed to deliver the economic growth Americans should expect and deserve. [Peter Morici | December 11, 2017 | Trib Live] The International…
Many people think that the decline in American manufacturing started with American manufacturers sourcing manufacturing offshore in order to achieve lower labor costs, avoid regulations, and pay lower taxes. While the decline accelerated after China was granted the status of Permanent Normal Trade Relations (PNTR) and was allowed to join the World Trade Organization, it…
The Commerce Department’s report on its Section 232 investigation into steel imports has been deemed insufficient due to Defense Department objections and other concerns, sources told Inside U.S. Trade, delaying its release and any action the president might take to shore up the U.S. industry. [ Isabelle Hoagland | December 8, 2017 | Inside US Trade] Commerce…
CONTACT:Thomas M. SneeringerThe Committee to Support U.S. Trade Laws (CSUSTL)[email protected]202-999-9154www.csustl.us; @csustl IMMEDIATE RELEASE (Washington, DC, December 7) – The Committee to Support U.S. Trade Laws (CSUSTL) today applauded the decision by a World Trade Organization (WTO) dispute panel upholding determinations by the U.S. Department of Commerce and the International Trade Commission (ITC) which led to…
An interagency group focused on the trade deficit has been added to the roster of Trade Policy Staff Committee subgroups tapped by the Office of the U.S. Trade Representative to analyze key issues and aid in formulating administration positions, according to a list generated in response to an Inside U.S. Trade Freedom of Information Act request. [Anshu…
WASHINGTON — Record imports lifted the U.S. trade deficit to $48.7 billion in October, highest since January. [AP | December 5, 2017 | The New York Times] The Commerce Department said Tuesday that the trade gap rose 8.6 percent in October from $44.9 billion in September. Imports hit a record $244.6 billion in October, and…
President Donald J. Trump may have tipped his hand on which way he is leaning on the solar tariff case with a virtually unnoticed appointment overnight. [FRANK ANDORKA | December 5, 2017 | PV Magazine] Late last night, Trump appointed three men to his Advisory Committee for Trade Policy and Negotiations, including Daniel DiMicco, former…
Australia, concerned about rising Chinese influence, will ban foreign political donations as part of a crackdown aimed at preventing external interference in domestic politics, Prime Minister Malcolm Turnbull said on Tuesday. [December 5, 2017 | SCMP] Turnbull told reporters in Canberra that foreign powers were making “unprecedented and increasingly sophisticated attempts to influence the political…