Draft NAFTA Renegotiation Plan in Official Fast Track Notice Letter Would Not Fulfill Trump’s Pledge to Make NAFTA ‘Much Better’ for Working People or Enjoy a Congressional Majority

For those who trusted Trump’s pledge to make NAFTA “much better” for working people, it’s a punch in the face because the proposal could have come from any past pro-NAFTA administration and describes the Trans-Pacific Partnership (TPP) or any other same-old trade deal. [Lori Wallach, Director] March 30th, 2017 [Public Citizen’s Global Trade Watch] If…

WTO Failed to Achieve a Peaceful China

Satellite images published this week confirm that China has almost completed the construction of a variety of military assets in the Philippine and Vietnamese South China Sea, assets that allow it to deploy fighter jets and missile launchers at a moment’s notice and provide it expanded surveillance capabilities. [FRANCES MARTEL] March 28, 2017 [Breitbart] The images…

A trade war is brewing inside the White House between rival camps

Soon after President Trump took office, an executive order was quietly drafted to suspend talks with China on an obscure but potentially far-reaching treaty about bilateral investment. [Don Lee| March 28, 2017 |LA Times] After eight years and two dozen rounds of negotiations, the treaty terms were almost in final form. Pulling out after so much time…

Mexico Lagged the Rest of Latin America in the NAFTA Era, Report Finds

Washington, DC ― Despite President Trump’s suggestions to the contrary, Mexico has not fared well during the 23 years it has been party to the North American Free Trade Agreement (NAFTA). An updated report from the Center for Economic and Policy Research (CEPR) finds that poverty in Mexico went up under NAFTA, while per capita economic growth…

Bringing Back the Bronco! Ford is Investing $1.2 Billion in Three Facilities in Michigan

Ford Motor Company announced on Tuesday that it is spending $1.2 billion to expand its manufacturing capabilities in Michigan, providing a big boost to its sport utility vehicle (SUV) and truck production.  [ ELIZABETH BROTHERTON-BUNCH| March 28, 2017 [Alliance for American Manufacturing] About $150 million will go toward creating or retaining 130 jobs at Ford’s Romeo Engine Plant, which will…

Congressional steel caucus chairman brings industry wish list to meeting with Ross

Steel industry leaders have armed the Congressional Steel Caucus chairman, Rep. Tim Murphy (R-PA), with a set of requests to bring to a scheduled meeting today with Commerce Secretary Wilbur Ross, including pushing the Department of Commerce to help strengthen the defense industrial base, maintaining China’s non-market economy status, and considering self-initiation methods to expedite…

Support House Resolution 37: Eliminate The U.S. Trade Deficit!

By Jeff Ferry, CPA Research Director Two forward-thinking congressmen have introduced a congressional resolution urging the federal government to eliminate the U.S. trade deficit. This would be a major step forward in U.S. economic policy and a crucial step towards rebuilding the U.S. economy and restoring the American Dream of rising incomes and greater prosperity…

CPA’s Balanced Trade Ideas Going Global

By Michael Stumo, CEO of CPA The Trans-Atlantic establishment is shaken about America’s free trade skepticism. They invited CPA to Brussels, the Capitol of Europe, to discuss our balanced trade ideas, explore whether we are “protectionists” or not, and to explain the American flavor of anti-establishment politics to their old guard. Why would voters, they…

Aggressive Trump Trade Strategy Begins To Emerge

By Jeff Ferry, CPA Research Director Two developments in recent days provide an early indication that the Trump Administration is determined to take a new approach to international trade.  And it looks like this new approach is aggressively focused on trade agreement reform and policies that could lead to higher U.S economic growth. First was last…

Peter Navarro Responds to His Trade Critics

My op-ed on why trade deficits matter (“Why the White House Worries About Trade Deficits,” March 6) has generated a healthy debate. However, your March 10 lead editorial implausibly asserts, “Perhaps the best way to think about the U.S. trade deficit is not to think about it.” [Peter Navarro| March 22, 2017 |The Wall Street Journal] As…