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…
Top auto makers, facing the threat of costly North American trade policy changes, want the Trump administration to take a harder line on a market thousands of miles from their home turf. [TREFOR MOSS, CHESTER DAWSON and WILLIAM MAULDIN| March 22, 2017 |The Wall Street Journal] China’s car business is attractive to outsiders chasing sales growth,…
“You were ahead of the curve on trade.” This was the common refrain heard last week by members of the Coalition for a Prosperous America who attended our annual fly-in to Washington, D. C. We had eight teams of members visiting Congressional Representatives and Senators on March 14th and 15th. As Chair of our developing…
Following his confirmation hearing last week, President Trump’s pick for U.S. Trade Representative Robert Lighthizer responded affirmatively to every request made by Senate Finance Committee members in their questions for the record to tackle what they see as unfair Chinese trade policies. [Jack Caporal| March 20, 2017 |Inside US Trade] But Lighthizer did not take a deep…