By Michael Stumo, CEO of CPA The most recent outrage for the globalists at the Wall Street Journal editorial board is a proposed Trump administration effort to resolve two different versions of government reported trade statistics for the better. Since the WSJ opinion editors do not think trade deficits matter at all, one wonders why…
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…
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…
By Jason Cooper, CPA Research Assistant In 2016 the U.S. ran an overall $946 billion trade deficit* in goods, seven times the 1992 level. In the 23 years from 1992 to 2016, the deficit has risen dramatically, from 1.3% of our GDP to 5.1%. Our global goods deficit is driven by deficits with a handful…
By Jeff Ferry, CPA Research Director Today the CPA published a new article on the U.S.’s Top Ten Bilateral Deficit Nation Trading Partners featuring the latest data for last year. You can read it here. In a nutshell, our trade deficit in goods has increased twenty-fold in the last 25 years to total $956 billion last…
WASHINGTON—The Trump administration is considering changing the way it calculates U.S. trade deficits, a shift that would make the country’s trade gap appear larger than it had in past years, according to people involved in the discussions. [WILLIAM MAULDIN and DEVLIN BARRETT | February 19, 2017 |Wall Street Journal] The leading idea under consideration would exclude from U.S.…
A coalition of CEOs from U.S. industries particularly sensitive to foreign dumping is calling for increased enforcement of trade laws in order to restore the U.S. economy, and want Congress to make both statutory and practice changes to trade enforcement law. [Daily News| February 17, 2017 |Inside US Trade] The Committee to Support U.S. Trade…
Organic grain is flooding into the U.S., depressing prices and drawing complaints from domestic organic farmers who fear their harvests are held to stricter standards than foreign-raised crops. [Jacob Bunge | February 21, 2017 |Wall Street Journal] Turkey, for instance, vaulted ahead to become by far the biggest supplier of organic corn and soybeans to…
Three Democrats are calling on President Trump to support legislation that would direct the Commerce Department to treat currency manipulation as an export subsidy, allowing it to issue countervailing duties in trade remedy cases. [Daily News| February 17, 2017 |Inside US Trade] In a Feb. 17 letter, signed by former Ways & Means ranking Member Sandy…
Rep. Peter DeFazio (D-OR), joined by six House Democrats, on Thursday introduced a resolution called the “Blueprint for America’s Future Trade Policy” that outlines principles and a time line for the renegotiation of the North American Free Trade Agreement. [Daily News| February 16, 2017 |Inside US Trade] The resolution is designed to put pressure on the…
