Author Archives: Michael Stumo

Joint Statement of the Ministers and Heads of Delegation for the Trans-Pacific Partnership Countries

For Immediate Release October 27, 2014                              Contact: Trevor Kincaid [email protected] Joint Statement of the Ministers and Heads of Delegation for the Trans-Pacific Partnership Countries We, the Ministers and Heads of Delegation for Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam have completed our three-day ministerial meeting…

Exporters Fear Credit Crunch

A decision by Congress to extend the Export-Import Bank only temporarily is raising concern among business owners who say they rely on the credit agency to lower the risks of exporting. [Reposted from The Wall Street Journal | Michael Crittenden and Adam Janofsky | October 22, 2014, 2014] Congress extended the agency’s charter through the…

Top bid to build new MBTA subway cars is from China

A railcar and locomotive manufacturer controlled by China’s government has emerged as the top bidder for a $566.6 million contract to supply the MBTA with new cars for the Red and Orange lines. The Massachusetts Department of Transportation board of directors is scheduled to vote Wednesday on the contract for CNR MA Corporation, which is…

Like 1950s Detroit, Boeing Is Underestimating Emerging Japanese Competition

At a welcoming banquet in Japan in the 1980s, Ford Motor F 0% chairman Philip Caldwell received a memorably double-edged compliment. “There is no secret about how we learned to do what we do, Mr. Caldwell,” said the head of Toyota Motor , Eiji Toyoda. “We learned it at the Rouge.” [By Eamonn Fingleton |…

Using Cash and Pressure, China Builds Its Chip Industry

HONG KONG — China churns out many of the world’s electronic devices: smartphones, computers, complicated networking equipment. Now the country is redoubling its efforts to design and produce the brains behind most of those electronics, the chip. [by Paul Mozur | October 26, 2014 | The New York Times China is playing catch-up with global…

American Made Matters Day

The State of Pennsylvania legislature passed a resolution recognizing November 19th as American Made Matters Day.  Here is a video from the organization American Made Matters (AMM) that highlights the importance of buying US made products. AMM is a member of the Coalition for a Prosperous America.

Foxconn Plans Another China Plant

[Stumo Note: China builds free plants for politically favored companies like Foxconn to build products to export to the US and other countries.  Its one of many anti-competitive subsidies]. [By Lorraine Luk | Updated Oct. 23, 2014 | Wall Street Journal] HONG KONG—Foxconn, the company that assembles the bulk of the world’s iPhones, is in…

Special report: China tax changes loom for steel trade

  [Editors note: This article shows a glimpse of how China manipulates its value added tax (VAT) rebate system to incentivize exports in certain products.  Chinese firms can sell at or below cost, and make money on the government VAT rebate check.] [by Annie Li | October 16, 2014 | Daily Media Report of the…

2nd Annual American Made Matters Day on November 19th

American Made Matters Day: A Call-to-Action for Consumers [by american | October 17, 2014 | americanmadematters.com] ADAMSTOWN, P.A. – American Made Matters, an organization dedicated to educating consumers on the importance of buying American-made products, is holding the 2nd annual American Made Matters Day on November 19th. The purpose of the event is for consumers…

Et Tu, Massachusetts? China Deal Undercuts U.S. Jobs

  Massachusetts is awarding a contract to build rail cars to CNR Changchun Railway Vehicles, a Chinese state-owned company, a subordinate of China CNR Corporation Ltd. The company will do final assembly of the cars in Massachusetts. [Reposted from the Campaign for America’s Future blog | Dave Johnson | October 23, 2014] This is the…