Excerpt: “Net exports—exports minus imports—added 1.03 percentage points to the quarter’s 3.2% GDP growth rate.” Higher exports, inventory investment helped offset slower rate of spending by consumers, businesses [Harriet Torry, Sarah Chaney | April 26, 2019 | The Wall Street Journal] Gross domestic product—the value of all goods and services produced in the U.S., adjusted…
Editors note. Dr. Navarro goes to the lion’s den of neoliberal free trade promoters. Peter K. Navarro, director of the White House Office of Trade and Manufacturing Policy, presented his ideas on United States trade policy at the Harvard Kennedy School Institute of Politics Thursday evening. [Danielle J. Kranchalk | April 25, 2019 | The…
Editor’s note: A focus on Wall Street aiding and abetting China’s US government lobbying strategy. Perhaps out of concern that his former boss might be pushing Robert Lighthizer and Steve Mnuchin to cave on enforcement, technology transfers and market access for the sake of securing a deal with Beijing, former White House Chief strategist Steve…
Editors note: Huawei does not tell the truth. Huawei, the Chinese tech giant, has fought to dispel accusations that it acts on behalf of the Chinese government. [Raymond Zhong | April 25, 2019 | NY Times] SHENZHEN, China — For one of the world’s largest technology companies, it should be a simple question: Who owns…
By Jeff Ferry, Chief Economist There is widespread concern in the US, ranging from cable TV shows right up to the White House, that the US is losing the race for 5G wireless networks. The concern is right, but the analysis is wrong. The US is the world leader in 5G networks. We are missing…
Editors note: Amazing that the Wall Street Journal opinion page says that the Western trading regime is not well suited to handle China’s economic system. U.S. industry fades away as state-owned companies undersell the competition. [William A. Galston | April 23, 2019 | WSJ] An understated article in my local paper last week is a…
Editors note: Michele Nash-Hoff is long standing member of CPA . Free trade has resulted in enormous trade deficits in goods for the United States for over 40 years. Our last year of a positive trade balance was 1975. At best, free trade has benefited large, multinational global corporations that have manufacturing facilities located in…
Editors note: The claim “automation is causing the job losses,” is dog whistle politics for those globalists who oppose an aggressive trade strategy. In his campaign for the Democratic presidential nomination, Pete Buttigieg has been telling audiences that the U.S. lost six times as many jobs due to automation than trade from 2000 to 2010,…
Excerpt: “The FBI has said in the past that nearly every one of the agency’s 56 field offices have investigations into economic espionage tied to China.” WASHINGTON (Reuters) – A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according…
Editors note: Global oversupply is one major factor pushing the farm share of the consumer dollar to an all time low. Also the overvalued dollar is a significant cause. [National Farmers Union | April 25, 2019] WASHINGTON – For every dollar American consumers spend on food, U.S. farmers and ranchers earn just 14.6 cents, according to…
