There is increasing evidence that Trump’s tariffs are working to expand American manufacturing and create jobs. [Michele Nash- Hoff | March 6, 2019 | savingmanufacturing.com According to the February 11, 2019 U.S. Manufacturing Technology Order Report press release of The Association for Manufacturing Technology, “The year- end order total for 2018 was $5.5 billion, up 19 percent from…
Editor’s note: CPA member Greg Owens says the overvalued dollar hurts his Made in USA tableware business and makes the trade deficit worse. [March 6, 2019 |NBC News https://www.nbcnews.com/nightly-news/video/trade-deficit-hits-record-high-amid-trump-s-tariff-tit-for-tat-with-china-1453354563564
Editor’s note: Interesting that Trade Ambassador Lighthizer quotes Nancy Pelosi’s opposition to China joining the WTO in this statement. AMBASSADOR LIGHTHIZER: Mr. Chairman, Ranking Member Brady, distinguished members of the Committee: it is a pleasure to be here today and to discuss this very important issue. [February 27, 2019 | United States Trade Representative] I think…
Editor’s note: More reasons to not believe China promises to change. U.S. has slammed program as a subsidy-stuffer to advance China as global technology leader at U.S. expense [Lingling Wei | March 5, 2019 | Wall Street Journal] Instead, Mr. Li said the government would promote advanced manufacturing. He ticked off a list of emerging…
Editor’s note: Wellborn Cabinet, a petitioner in the trade case below, is a CPA member. China’s Shopping List in America Has These Farm Goods at the Top [Joe Deaux | March 6, 2019 | Bloomberg] U.S. may take market share from Brazil, Argentina, Australia A U.S.-China trade deal means the end of an era: Brazil group…
Excerpt: “The laissez-faire, free-trade approach just burned up our countryside,” BELLEVUE, Wash. — Farmers at the 117th anniversary convention of the National Farmers Union this week had the same worry as the ones who attended the organization’s first gathering more than a century ago — low incomes. [Don Jenkins | March 7, 2019 | CapitalPress.com]The 460…
Overvalued dollar drives record US deficits with China, rest of world Washington. Annual data released this morning by the Commerce Department shows that America’s overall trade balance continued to worsen in 2018. Not only did the United States record its highest-ever global trade deficit in goods—at $891.3 billion—but the annual goods deficit with China soared…
Brian Duncan, Vice President of the Illinois Farm Bureau, Zach Mottl, Chief Alignment Officer of Atlas Tool Works, and Peter Roskam, former U.S. Congressman and current IOP Pritzker Fellow, had a panel discussion on the short – and long-term dynamics of the Trump administration’s trade policies, particularly as they affect Illinois. They discussed the current…
Editors note: we may be seeing the Made in USA labeling issue become more powerful. CPA’s Buy American Committee is working with legislators and the administration to strengthen these laws. Here’s a story from The New York Times that I thought you’d find interesting: Democrats are questioning why firms that manufactured products in China but…
Editor’s note: Peter Navarro has driven a large part of the administration’s aggressive trade strategy. Last Friday, President Trump unveiled his grand strategy for American prosperity: the 2019 Trade Policy Agenda. This forward-looking report from the US Trade Representative maps out America’s deliverance from the bad deals, weak guardrails and sluggish growth that have handicapped…
