Editor’s note: AT&T’s reliance on Huawei, a predatory Chinese government influenced company, is all the more reason to ban its products in the US. U.S. company and rivals use Chinese vendor’s equipment to run wireless networks across Mexico; ‘We just continue supplying them’ [Drew FitzGerald | April 16, 2019 | WSJ] U.S. officials have told telecommunications…
Excerpt: “China’s authoritarian government, size, and anticompetitive intent are more problematic than the ownership structure of the companies in question. The government can fund them, without having them be profitable, as long as it likes. And it can control them without owning them.” [Beth Baltzan | March 7, 2019 | American Phoenix] Much has been made of…
Editor’s note: USTR released its own analysis of the impact of the USMCA on the auto sector due to its rules of origin changes. This report comes ahead of a statutorily mandated International Trade Commission report on the agreement. Click here to view online USTR NEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 …
Editor’s note: The International Trade Commission report on the US Mexico Canada Agreement is out. It finds that a modest boost to employment and output will result. The administration is readying implementing legislation for Congress to vote on in an up or down manner. Whether Speaker Pelosi will allow a vote, despite Fast Track provisions,…
Editors note: Not good. WASHINGTON — A strange dynamic has gripped the Federal Trade Commission: President Trump’s biggest allies are the Democrats.In a vote made public Wednesday, the commission’s two Democratic appointees voted to impose financial penalties on companies the agency found violated federal law by falsely marketing their products as “Made in America” when,…
Editor’s note: CPA’s Buy America Committee has been fighting to prevent the City of Chicago from using federal taxpayer money to buy rail cars from a Chinese government owned company. Several Democratic Senators are trying to prevent Washington DC Metro system from doing the same. Congress would approve 10 more years of critical federal funding…
Editors note: Another example of the fact that China does not intend on being a major buyer of US-made products. SHANGHAI (Reuters) – China plans to gamble on the bulk deployment of its untested “Hualong One” nuclear reactor, squeezing out foreign designs, as it resumes a long-delayed nuclear program aimed at meeting its clean energy…
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services for February was $49.4 billion, an improvement of 3.4 percent over the January figure of $51.1 billion, providing more evidence that tariffs are reducing the US deficit. That’s according to figures published today by the Department of Commerce. Equally significant, our…
Editors note: China has long promised to cut steel production. It does not do so. Another example of their long line of broken promises. China Is Producing More Steel Than Ever [April 17, 2019 | Bloomberg News] China’s steel industry notched another production record in the first quarter, spurred by consumption in the infrastructure sector…
Editors note: The trucking industry is a key indicator of economic strength. (Reuters) – At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. His paycheck is down about 25 percent from the same period a year ago, and his weekly…