Washington ~ Organizations representing manufacturers, farmers, ranchers and workers across the country sent a letter to Commerce Secretary Wilbur Ross today supporting remedial action for the American steel and aluminum industries under Section 232 of the Trade Expansion Act of 1962. The Trump administration is considering action under Section 232 which allows the President to take…
“The American public’s perception of manufacturing may be at an inflection point. The good news is manufacturing clearly matters to many Americans, with the vast majority viewing U.S. manufacturing as crucial to America’s economic prosperity, standard of living, and national security,” said a new report. [IW Staff | July 13, 2017 |Industry Week] U.S. manufacturing…
Washington, D.C. – United States Trade Representative Robert Lighthizer today released a detailed and comprehensive summary of the negotiating objectives for the renegotiation of the North American Free Trade Agreement (NAFTA). Through the renegotiation of NAFTA, the Trump Administration will seek a much better agreement that reduces the U.S. trade deficit and is fair for all…
Washington ~ The Coalition for a Prosperous America (CPA) largely supports the Trump administration’s newly released NAFTA Objectives as an important change in the direction of America’s trade strategy. “Never before has a president prioritized reduction of the US trade deficit in trade negotiations,” said Dan DiMicco, CPA Chairman. “The Trump administration’s NAFTA objectives for trade in…
Peter Navarro, one of the White House’s top trade advisers, is widely viewed throughout the West Wing and Capitol Hill as a prickly personality with extreme policy ideas. [NANCY COOK and ANDREW RESTUCCIA | July 11, 2017 |Politico] Peter Navarro, one of the White House’s top trade advisers, is widely viewed throughout the West Wing and Capitol Hill as…
President Trump is falling woefully short on his promise to fix the trade deficit. It’s on track to hit $570 billion this year — up from $505 billion in 2016. Apologists argue the trade gap permits Americans to purchase less expensive consumer goods, while critics blame it for job losses. Three things are certain —…
President Trump is threatening to slap tariffs and quotas on imports of steel in a bid to curtail dumping and revive U.S. production, he said Thursday. [Isabelle Hoagland | July 13, 2017 |Inside US Trade] The president also slammed the U.S. trade relationship with South Korea and China, saying the U.S. is renegotiating its free trade…
In a new report, EPI Director of Research Josh Bivens explains the ways in which globalization has harmed the majority of U.S. workers and how policy decisions and trade deals have amplified this damage, and outlines a progressive response to globalization that would protect these workers’ wages and give the manufacturing sector a chance to reclaim…
Washington~ The Coalition for a Prosperous America (CPA) released a paper today with an improved methodology for calculating exchange rate misalignment and its connection to the US trade deficit, stagnation in wages and living standards, and slower economic growth. Authors Michael Stumo, Jeff Ferry and John R. Hansen (former World Bank economist) also discuss an…
Originally published in Huffington Post At last month’s Paris Air Show, China showed off its latest military drone, an unmanned intelligent computer-controlled vehicle called the CH-5. By Jeff Ferry, CPA Research Director Military experts were impressed. The CH-5 has a range of 20,000 kilometers (12,000 miles), and can stay aloft for up to 50 hours.…