A CPA member wrote to Senator Dianne Feinstein (D-CA) to ask her why she voted for Fast Track, or “Trade Promotion Authority” (TPA). Sen. Feinstein’s answer reflects the fact that she doesn’t seem to understand that NET exports are desirable. It’s fine to say that exports have increased, but it’s important to look at the…
The ire of McConnell and other tobacco-state lawmakers throws a wrench into the negotiations. [Reposted from Politico | Adam Behsudi | August 12, 2015] Big Tobacco is pushing back against a strict anti-smoking provision in the massive Trans-Pacific trade deal — and it has enlisted the support of the most powerful Republican in the Senate.…
FOR IMMEDIATE RELEASE August 12, 2015 Contact: Sara Haimowitz, Development Director202 688 5145, [email protected] China’s Recent Currency Devaluation Reveals US Trade Strategy Weakness Washington — The Chinese government recently devalued the yuan in an effort to artificially cheapen its exports to the US and other nations. CPA issued the following statement in response:…
It’s disconcerting to Congress when our foreign trading partners put the lie to President Obama’s victory claims. No, not the mullahs chanting “Death to America” right after the Iran agreement was concluded. This week it was China’s turn to undercut the president. [Reposted from The Hill | Kevin Kearns | August 12, 2015] While speaking…
HONG KONG — As China contends with an economic slowdown and a stock market slump, the authorities on Tuesday sharply devalued the country’s currency, the renminbi, a move that could raise geopolitical tensions and weigh on growth elsewhere. [Reposted from The New York Times | Neil Gough and Keith Bradsher | August 10, 2015] The…
Late Monday evening six US producers filed petitions for the imposition of antidumping and countervailing duties on hot-rolled coil imports from Australia, Brazil, Japan, The Republic of Korea, the Netherlands, Turkey and the UK. [by Michael Fitzgerald | August 11, 2015| Platts.com] According to a filing with the US Department of Commerce, the petitioners…
In this video, some members of the U.S. dairy industry talk about how the TPP will benefit U.S. Farmers. However, Joe Logan, President of the Ohio Farmers Union, is skeptical and begs to differ. Joe Logan is also the Co Chair of Agriculture on the Board of the Coalition for a Prosperous America.
China’s central bank has just devalued its currency. [Reposted from Business Insider | David Scutt | August 10, 2015] In a sign Beijing is anxious to make its exports more competitive as the nation’s economy slows, the People’s Bank of China set the yuan midpoint at 6.2298 against the US dollar, 1.85% weaker than Monday’s…
China devalued the yuan in a move that rippled through global markets, as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. [Reposted from Bloomberg Business | August 11, 2015] The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest…
The following is a news release from R-CALF USA. Brian O’Shaughnessy, CPA’s Co Chair for Manufacturing, is to speak at their 16th annual convention. [Reposted from KXLO-KLCM.com | August 6, 2015] R-CALF USA to host 16th annual convention in Denver: COOL, Argentinian and Brazilian imports to be highlights Billings, Mont. – R-CALF USA, the nation’s largest…
