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…
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…
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…
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…
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…
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…
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…
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…
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…
Michael Stumo, CEO of CPA was invited to speak at the annual German Marshall Fund’s Brussels Forum. Our message was heard loud and clear: the key is to eliminate the trade deficit and that the old global trade model results in an economic carpet bombing of middle class America. Hear it for yourself! The session begins…
