By Jeff Ferry, CPA Research Director At last month’s Paris Air Show, China showed off its latest military drone, an unmanned intelligent computer-controlled vehicle called the CH-5. 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. “You can just imagine a…
Any country that devalues their currency in order to take unfair advantage of the United States, which is many countries, will be met with sharply. And that includes tariffs and taxes. –Candidate Trump, Pennsylvania, 6/28/16 [John R. Hansen | July 7, 2017 | ABCD Now] Messages like this resonated with voters across the nation during the…
Washington ~ The Trump administration has made public its intent to seek amendments to the Korea-US Free Trade Agreement known as the KORUS FTA. The administration has said that USTR will request a “special session” under Article 22.2 of the agreement, which will start a 30-day clock requiring both countries’ officials to meet and discuss…
Following President Trump’s promise to renegotiate the U.S.-Korea free trade agreement “right now,” an administration official told Inside U.S. Trade the Office of the U.S. Trade Representative will formally request that both countries’ joint committee convene in a so-called “special session” to consider potential amendments to the deal – a provision that sources said has never been used before, and one that runs counter…
By Jeff Ferry, CPA Research Director Press reports emerging on Monday, July 3rd, suggest that President Trump is pushing for a special 30-day review to amend the U.S.-South Korean trade deal known as KORUS. Last week, South Korean President Moon Jae-In said he wanted no change to KORUS, so it’s not yet clear what will…
United States Trade Representative, Robert Lighthizer testified on the House Ways and Means hearing on trade policy Thursday, June 22nd stating that trade is a top priority and that intend to continue working at a productive pace in order to level the playing field for American workers, ranchers, farmers, and businesses. “USTR also is working to…
Enjoy a day in the sun with these festive Made in the USA items. Summer is officially here! As the days heat up, you’ll likely find yourself heading to the beach or pool to enjoy the sun, sand and surf. But make sure your getaway is an All-American one! [ERICA MADDOX] June 23rd, 2017 [Alliance…
The NYT gave us yet another piece telling us that Donald Trump is right about his growth projections and that the Congressional Budget Office is wrong. The piece, by Kai-Fu Lee, the chairman and chief executive of Sinovation Ventures, a venture capital firm, and the president of its Artificial Intelligence Institute, tells readers that we are about…
Fear of retaliation against U.S. producers should not deter the Trump administration from defending America’s interests by using every “legitimate” tool available — including Section 232 investigations into the national security impact of imports, U.S. Trade Representative Robert Lighthizer told the House Ways & Means Committee on Thursday. [Jenny Leonard] June 22nd, 2017 [Inside Trade]…
HONG KONG — After years of predictions that cars sold in the West would bear the “Made in China” label, the time has finally come. [KEITH BRADSHER] June 21st, 2017 [The New York Times] Ford Motor’s plans to build its popular Focus compact cars in China, rather than Michigan or Mexico, is a milestone in China’s…