“He understands that international trade is a strategic game of conflicting national interests and a competition for good jobs and industries,” Stumo said in a statement. “America must move past the failed and simplistic Econ 101 trade policy of the past because the results have been an economic carpet bombing of the non-urban areas of…
Senate Finance Committee ranking member Ron Wyden (D-OR) this week told Inside U.S. Trade he will push Trump cabinet nominees with responsibility for trade policy on their commitment to enforcement, stressing he would like the new administration to take a “tough” and “smart” approach. [Daily News| January 5, 2017 |Inside US Trade] “If I could describe what…
By Jason Cooper, CPA Research Assistant US Buy America laws mandate that the government prefer domestic products over foreign ones when making purchases. Free trade agreements (FTAs) carve out exceptions to that mandate by requiring that the government treat the products of most of our major trading partners as equivalent to domestic. In other words,…
By Jeff Ferry, CPA Research Director A new CPA economic analysis estimates that for each $1 billion of additional imports into the U.S. costs the nation 4,552 jobs. On this basis, the rise in imports from 2009 to 2015 has meant the loss of over 3 million jobs. There has been much public discussion of…
WASHINGTON — President-elect Donald J. Trump on Tuesday named as his chief trade negotiator a Washington lawyer who has long advocated protectionist policies, the latest sign that Mr. Trump intends to fulfill his campaign promise to get tough with China, Mexico and other trading partners. [BINYAMIN APPELBAUM| January 3, 2017 |NY Times] Mr. Trump also…
Coalition for a Prosperous America CEO Michael Stumo, meanwhile, said Lighthizer is “an excellent choice” – adding that “he understands that international trade is a strategic game of conflicting national interests and a competition for good jobs and industries.” Key lawmakers, business community welcome Lighthizer pick, touting his experience on trade [Jenny Leonard| January 3,…
On Tuesday morning, President-elect Donald Trump nominated Robert Lighthizer to serve as the next U.S. Trade Representative. CPA supports the nomination and pledged to work with Mr. Lighthizer to improve US trade policy. “Ambassador Lighthizer is an excellent choice to replace Michael Froman as the US Trade Representative,” said Michael Stumo, CEO of CPA. “He…
Ford Motor Co. will scrap plans to build a $1.6 billion plant in Mexico, after coming under criticism by President-elect Donald Trump for shifting small-car production south of the border. [Keith Naughton| January 3, 2017 |Bloomberg] The next-generation Focus compact car will be built at an existing factory in Hermosillo, Mexico, and Ford will cancel plans…
NEW YORK — President-elect Donald Trump announced Tuesday he will nominate lawyer Robert Lighthizer as U.S. trade representative, picking an experienced trade official who has questioned the conservative movement’s commitment to free trade. [Associated Press| January 3, 2017 |NY Times] Lighthizer, who served as deputy USTR under President Ronald Reagan, would play a key role…
by Jeff Ferry President-elect Trump’s appointment of Peter Navarro to a new National Trade Council has alarmed some traditional economists. Professor Navarro, co-author of a book and film called “Death By China” really believes that the U.S. must do something to address its $500 billion trade deficit and that China, a country that has run…
