Sees legislation as key step to addressing trade barriers Washington. The Coalition for a Prosperous America (CPA) has endorsed H.R. 764, the Reciprocal Trade Act (RTA) recently introduced by Rep. Sean Duffy (R-WI). The RTA would expand the president’s ability to defend domestic US manufacturers and agricultural producers against foreign protectionism by raising individual product tariffs to match…
Editor’s note: House Democrats and labor unions are focused upon the labor rights provisions of the USMCA to determine whether they will support it. CPA has sought country of origin labeling for beef and pork as well. Labor legislation under consideration in the Mexican Congress fails to meet the requirements of the U.S.-Mexico-Canada Agreement, according…
Interactive website feature provides instant access to latest US economic data Washington. Good news for reporters, bloggers, and analysts that struggle to find the latest numbers on America’s trade deficits and international trade flows. The Coalition for a Prosperous America (CPA) has launched a new Trade Database that quickly and readily presents key data for anyone seeking information…
China goods trade deficit shrinks to 7-month low Washington. Coalition for a Prosperous America (CPA) Chief Economist Jeff Ferry has analyzed this morning’s Commerce Department data showing that the monthly US trade deficit shrank dramatically in January, to $51.1 billion, an $8.8 billion drop from December. Most of the decline came from an encouraging decrease in the…
By Jeff Ferry, CPA Chief Economist The US trade deficit in January 2019 shrunk dramatically, coming in at $51.1 billion, $8.8 billion below the December level and $1.9 billion below the year-ago January level. Department of Commerce data published on Wednesday showed the improvement in our trade deficit was driven in part by a large…
At its Annual Trade Conference, the Coalition for a Prosperous America recognized three leading political figures for their activities to improve US international trade, the economy, national security, and America’s global political standing with its annual American Trade Hero awards. [Jeff Ferry | March 25, 2019 | CPA Chief Economist] The three award recipients were…
Editors note: President Trump discusses China trade, auto tariffs, and EU relations in a Fox TV interview aired on Friday. WASHINGTON (Reuters) – U.S. President Donald Trump said trade negotiations with China were progressing and a final agreement “will probably happen,” adding that his call for tariffs to remain on Chinese imported goods for some…
Editors note: Commerce Department decision is likely to put fines up to 450 percent on steel from China transshipped through Vietnam. The Commerce Department has issued steep final duties on imports of certain cold-rolled steel products from Vietnam that are produced with Chinese material, determining that Vietnamese exporters have been circumventing existing antidumping and countervailing duty…
Excerpt: If Commerce finds that structural steel imports are materially injuring or threatening material injury to domestic producers, preliminary duties will be imposed on imports. [March 20, 2019 | Inside U.S. Trade] Imports of fabricated structural steel from Canada, Mexico and China could be harming domestic producers, the U.S. International Trade Commission ruled in a preliminary…
Editors note: New Council of Economic Advisers report says that even after the Trump tariffs, the average US tariff rate is just 2.6%, still one of the lowest in the world. Tariffs imposed by President Trump last year caused the average U.S. tariff rate to jump by nearly 75 percent, according to the latest “Economic Report…
