Editors note: The China/Amazon/FedEx strategy finally comes to light as a major story. The de minimis loophole must be closed. And can be partially closed by administration action. CBP chose to give priority to Sec 321 (the de minimis authority stupidly expanded by Congress) over the 301 duties but did not have to. And more…
Many in Washington look at the Organization for Economic Cooperation and Development (OECD) in Paris to help with pressing business concerns in the global community. And recently, the OECD promised to tackle cumbersome issues related to international corporate taxation. Unfortunately, it appears that the OECD isn’t positioned to provide a helpful solution when it comes…
Editor’s Note: Brazil is to agriculture what China is to manufacturing. A corrupt, state supported source of predatory global oversupply. Including subsidized investment to take dominate US food processing in pursuit of Brazil’s national agro-industry strategy. WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Marco Rubio (R-Fla.),…
Excerpt: “For every 1,000 people who lost their jobs in a county there was a 2.7% rise in opioid-related overdose deaths. After fentanyl entered regional heroin supplies in 2013, the same 1,000 trade-related job losses led to an 11.3% spike in overdose deaths.” The Sackler family was once celebrated for its philanthropy. Now the owners of…
Washington. As the Trump administration embarks on a 13th round of trade talks with China, the Coalition for a Prosperous America (CPA) is urging US trade negotiators to take a hard line with Beijing. CPA believes there are important reasons why the US should hold firm unless Beijing makes substantial concessions. [1] China’s intellectual property theft and…
Editors note: This is a very big step to add Chinese entities to the Department of Commerce’s Entity List. It is the first time any government has challenged China’s human rights abuses this way. WASHINGTON/SHANGHAI (Reuters) – The U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing…
Editors note: This excerpt from Secretary Ross’ oped is very good, signaling a sea change in how trade is thought about. “Thanks to President Donald J. Trump, the United States is no longer subsidizing the growth of other countries at the expense of American jobs and American wages. In the post-World War II world, the…
Excerpt: “This is comically bad staff work [by the governor’s staff]: there are no tariffs on inbound recycled scrap and there is an abundance of cheap scrap on domestic soil,” said Peter Navarro WASHINGTON — The White House has slammed Gov. John Bel Edwards over the governor’s remarks about the recent closure of a LaPlace steel mill. [Elizabeth Crisp…
Overall trade deficit on track to exceed 2018 total, but China deficit narrowing By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services increased by 1.6 percent in August, to $54.9 billion, up $0.9 billion from $54.0 billion (revised) in July. The August increase is due to a 1.1…
New agreement will eliminate postal subsidization of imports Washington. The Coalition for a Prosperous America (CPA) today praised the efforts of Peter Navarro, White House Director of the Office of Trade and Manufacturing Policy, for taking a tough negotiating position at last week’s Universal Postal Union (UPU) talks. The United States had threatened to withdraw…