Michael Stumo, CEO of the Coalition for a Prosperous America, said in a statement to Business Insider that he felt it was “unlikely” Boustany would get the pick because it would be a total “betrayal of Trump’s campaign promises and his base.” “Boustany is a pro-offshoring globalist, untroubled by trade deficits, who opposed fixing currency…
[ MARK MAGNIER and WILLIAM MAULDIN | December 09, 2016 |Wall Street Journal ] China’s 15-year anniversary as a member of the World Trade Organization on Sunday threatens to trigger a clash with growing forces in the West that cast Beijing as an abuser of open global markets. The anniversary marks Beijing’s eligibility for “market-economy status,” which would remove many risks…
[ KRISTINA PETERSON | December 02, 2016 |The Wall Street Journal] Incoming Senate Minority Leader Chuck Schumer (D., N.Y.) urged President-elect Donald Trump on Tuesday to buck House Republicans and defend his pledges to buy U.S. steel in the face of concerns it has generated among top GOP lawmakers on a water infrastructure bill. “Today we’re…
[ SCOTT N. PAUL | December 08, 2016 |The New York Times] Americans are ready for an economic nationalist to lead them. But that doesn’t mean what you might think. This country, we are taught, was founded on the principles of individualism and free enterprise. But its rise to economic pre-eminence was set in motion by…
[ Daily News | December 07, 2016 |Inside US Trade ] President-elect Trump will be able to instruct the Treasury Department to name China a currency manipulator by using a 1988 trade law even though China does not meet all three criteria used in an October Treasury report to analyze major trading partners’ foreign exchange policies,…
FOR IMMEDIATE RELEASE Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Washington ~ The Bureau of Economic Analysis (BEA) released a report yesterday showing that the US goods and services deficit rose by nearly 17% compared to September. “America continues to lose in trade agreements and the World Trade Organization (WTO) system,” said Michael Stumo, CEO of…
By Michael Stumo The globalist free traders just had another big hole blown in their rickety ideological ship. An important new study found that our massive imports have drastically reduced US innovation at US firms, as well as profits and employment. Those of us that follow these issues know that the economists and pundits that…
[ BRODY MULLINS and KRISTINA PETERSON | December 02, 2016 |The Wall Street Journal] WASHINGTON—Setting the stage for what could be the first clash between President-elect Donald Trump and Congress, House Speaker Paul Ryan and some congressional Republicans are raising concerns about a provision in a bill that would require the use of American-made iron and steel for U.S. water infrastructure…
[Noah Smith| December 06, 2016 |Bloomberg] Few are paying attention, but a proposal now working its way through Congress could change the U.S.’s whole approach to trade, industrial policy and taxation. The plan would exempt income earned on exports from corporate taxation. Today, corporations pay federal taxes on the profits they make from goods and services sold…
[Daily News| December 06, 2016 |Inside US Trade] Members of the Japanese business, academic, and think tank communities are holding out hope that President-elect Trump will eventually get behind the Trans-Pacific Partnership, and in light of that and other factors, seriously doubt that the U.S. and Japan will successfully pursue a bilateral trade deal in…