China’s central bank is effectively anchoring the yuan to the dollar, a policy twist that has helped stabilize the currency in a year of political transition and market jitters about China’s economic management. [Lingling Wei & Saumya Vaishampayan] May 25th, 2017 [The Wall Street Journal] The yuan weakened more than 6% against the dollar in…
Michael Stumo, Coalition for a Prosperous America, and Daniel Griswold, The Mercatus Center at George Mason University, weigh in on President Trump’s trade agenda. Click image below to watch the interview.
U.S. Trade Representative Robert Lighthizer this week told Agriculture Secretary Sonny Perdue and members of the House Agriculture Committee the Trump administration will prioritize exports of U.S. agriculture products and that “do no harm has got to be our objective” for upcoming NAFTA talks with Mexico and Canada — a renegotiation process the panel’s chairman,…
Paul Ryan and the White House are barreling toward a tax reform show-down — a face-off that’s becoming all but inevitable as the speaker continues selling a tax plan rejected by Trump officials. [RACHAEL BADE and JOSH DAWSEY] May 22nd, 2017 [Politico] At issue is a controversial pillar of the House GOP tax plan that effectively hikes…
The Coalition for a Prosperous America (CPA) appreciates the opportunity to provide testimony to the US Department of Commerce regarding the impact of significant bilateral deficits on the US economy. CPA is a national, non-partisan organization focusing upon improving American trade performance, eliminating our persistent trade deficit, and growing domestic supply chains as a means…
The Coalition for a Prosperous America (CPA) appreciates the opportunity to provide testimony to the Committee on Ways and Means regarding the likely impact of tax reform on the US economy. CPA is a national, non-partisan organization focusing upon improving American trade performance, eliminating our persistent trade deficit, and growing domestic supply chains as a…
HANOI — U.S. Trade Representative Robert Lighthizer, at his first public appearance here during the Asia-Pacific Economic Cooperation trade ministers meeting, said the U.S. defending its own market against unfair trade practices should not be confused with protectionism — the definition of which, he claims, “is sort of migrating.” [Jenny Leonard] May 21st, 2017 [Inside…
In a stormy first foray abroad for Robert Lighthizer, the new U.S. Trade Representative disagreed over protectionism with Asian and Pacific countries that look skeptically at the Trump administration’s “fair trade” agenda. [A. Ananthalakshmi and My Pham] May 21st, 2017 [Reuters] With the United States on one side and the 20 other members of the Asia Pacific…
If the United States allows some of China’s largest producers of freight rail cars into the country, they could end up eliminating up to 65,000 U.S. jobs, according to a study released Monday. [Evelyn Cheng] May 15th, 2017 [CNBC] “The pace of globalization and the arrival of entrants from countries such as China into the U.S. market,…
The European Court of Justice on May 16 issued its long-anticipated ruling in its review of the EU-Singapore free trade agreement, finding that the deal — as well as subsequent EU-negotiated agreements that contain investor protections — must be approved by a consensus of member state national parliaments. [Brett Fortnam] May 16th, 2017 [Inside Trade]…