Editors note: Representative Blumenauer has more globalist views of trade policy. Representative Pascrell has stronger fair trade/trade hawk views in comparison. The House Ways & Means Committee will elect its trade subcommittee leadership next week, several members told Inside U.S. Trade on Thursday. [Isabelle Hoagland |January 10, 2019 | Inside US Trade] Democratic Reps. Earl Blumenauer (OR)…
Editor’s note: This article, written by a “blue collar conservative”, shows the trade policy divide within the GOP in relation to the globalist conservatives. Trade talks between China and the United States concluded this week with every indication that a deal can be had. Success is still far from a foregone conclusion, and the thorny international issues…
Editors note: This reciprocal tariff bill idea is a good one because the WTO system has locked the United States into treating all trade competitors the same, regardless of whether they have high or low tariffs. Such a bill would also further the end of the WTO system, potentially. President Donald Trump would gain line-by-line power to…
Editor’s note. Ways and Means is considered the most powerful committee in the House. It handles tax and trade as well as other issues. Ten Democratic members have been added to the House Ways & Means Committee. [January 9, 2019 | Inside US Trade] New Chairman Richard Neal (D-MA) announced the additions on Wednesday, saying…
Editor’s note: The most challenging part of the task is structural reforms and enforcement mechanisms. The US had a $376B trade deficit with China in 2017. It worsened last year. The value of a deal the U.S. and China could reach in the coming weeks will depend largely on the enforcement mechanisms China will be…
Editor’s note: CPA continues to support maintaining and increasing tariffs on China’s imports. We do not believe a short term resolution is possible or will be complied with. China’s political economy is fundamentally designed to grow through state control, subsidies, central planning and excessive reliance on US consumers. Beijing’s long term goal is to erode…
Editor’s note: More evidence that the US pushback against China is going mainstream globally. The China sympathizers that mocked and resisted the effort have lost the battle. OSLO (Reuters) – Norway is considering whether to join other western nations in excluding China’s Huawei Technologies from building part of the Nordic country’s new 5G telecommunications infrastructure,…
Editor’s note: This is important. We are seeing a real world example of how tariffs impact the economy. As the steel market settles into a new normal, steel prices at the wholesale level are not higher but capacity utilization and employment are up. The globalist assertion that consumers pay all tariffs is simply wrong. The…
Consumption taxes are “border adjustable taxes” allowed under WTO rules. They average 17% globally. This means that virtually all foreign countries tax our exports at 17% on top of tariffs. They subsidize domestic shipments abroad with a 17% tax rebate. US.S. does not have a consumption tax to offset this advantage. View the Flyer
Editor’s note: The Rubio/Warner proposal to create an Office of Critical Technology is interesting. Reporting directly to the President is a tactic to permanently increase the profile of the issue. However, the ideal scenario may be that the Dept of Commerce be the agency that strategically advances US manufacturing and technology dominance. Two U.S. senators…