President Trump said Tuesday that his administration is delaying a long-awaited verdict on whether to restrict imports of foreign steel, again punting on a decision that has divided U.S. industries and his own administration, as well as strained ties with some of the country’s closest allies and trading partners. [ Ana Swanson | July 25, 2017 |The Washington Post]…
By Rep. Bradley Byrne President Donald Trump recently devoted a week to celebrating the importance of “Made in America” products with special events at the White House. I was pleased to see the president shining a spotlight on the many first-class items produced here in the United States. I often meet with manufacturing leaders from…
The U.S. is toughening its scrutiny of Chinese deals, throwing a number of high-profile takeover bids into question and helping spur a huge case backlog, according to people familiar with the process. [ Kate O’Keeffe and Julie Steinberg | July 21, 2017 |The Wall Street Journal] The Committee on Foreign Investment in the U.S. has signaled there…
The value of the dollar has fallen steadily since the beginning of 2017, erasing a sharp rise immediately after President Trump’s election. [BINYAMIN APPELBAUM | July 20, 2017 |The New York Times] To take one example, the number of euros that can be obtained for one dollar has declined to the lowest level in more than…
President Donald Trump hosted a ‘Made in America’ product showcase at the White House on Monday, an event that celebrated American-made products, according to the administration. [Peter Navarro | July 19, 2017 |USA Today] The cynics criticizing “Made in America” show just how out of touch they are with the challenges confronting American workers and…
Michael Stumo, Coalition for a Prosperous America, and Scott Kennedy, CSIS, debate whether the Trump administration is putting the U.S. on track for a trade war with China.
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…