Exclusive: Trump calls Chinese ‘grand champions’ of currency manipulation

President Donald Trump declared China the “grand champions” of currency manipulation on Thursday, just hours after his new Treasury secretary pledged a more methodical approach to analyzing Beijing’s foreign exchange practices. [Steve Holland and David Lawder| February 24 2016 |Reuters]  In an exclusive interview with Reuters, Trump said he has not “held back” in his assessment that…

Press Release: US Trade Performance Data Should Be Improved

The Coalition for a Prosperous America (CPA) supports Trump administration efforts to improve export, import and trade deficit measures. Administration officials have reportedly discussed returning to trade performance measures that exclude “pass through” goods from the calculations, i.e. goods which enter the U.S. and merely pass through en route to a foreign country without change. The US International Trade…

Media Coverage: CPA Board Member Dan DiMicco Quoted in Business Insider Regarding NAFTA

President Donald Trump’s former senior trade adviser told Business Insider the border-adjustment tax proposal being discussed in Washington could help solve what he believes are major issues with the North American Free Trade Agreement. [Allan Smith| February 22, 2016 |Business Insider] Dan DiMicco, the former Nucor CEO and Coalition for a Prosperous America board member…

Fake Trade News: WTO Cases vs Trade Wars

By Michael Stumo, CEO of CPA Fake trade news abounds. Periodically politicians, reporters or pundits who should know better warn of a “trade war”.  A trade war, they fret, will happen if the US defends its economic interests by taking action.  That action will certainly (or could possibly, maybe, eventually) be found unlawful by a…

Media Coverage: CEO Of CPA Quoted In Inside US Trade Regarding Methodologies to Calculate Trade Deficit

Coalition for a Prosperous America CEO Michael Stumo told Inside U.S. Trade his organization supports the Trump administration’s “shift towards consistently removing the inaccuracies caused by including pass-through goods — or re-exports — from the trade data.” “While there can be inaccuracies in both calculations — as in many government statistics — the narrower Domestic Exports minus…