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,…
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 …
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…
Editors note: No big news so far on the US Japan trade negotiations. USTRNEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 FOR IMMEDIATE RELEASE April 16, 2019 Contact: USTR Public & Media Affairs [email protected] Statement from USTR on Meetings to Discuss the…
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…
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…
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…
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…
Editor’s note: CPA’s position is that no deal is better than a bad deal with China. The US is likely better off with unilateral trade action instead of a compromise deal. China and others have a history of avoiding change even when they promised to change. WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that…