Urges Congress to consider pro-American tax reform Washington. The Coalition for a Prosperous America (CPA) is asking Congress to improve the federal tax system to promote US trade competitiveness. In a letter to both the Senate Finance and House Ways & Means Committees, CPA pressed for consideration of both a destination-based Sales Factor Apportionment tax…
Editor’s note: Wilbur Ross says that talks with China will be very difficult to resolve by March 2, the deadline before tariffs raised rom 10% to 25% on $200B of imports from China. He says the US is seeking structural reforms that take years to implement.
Charlotte Pipe and Foundry in North Carolina accuses a state-subsidized Chinese competitor of stealing their 117-year-old name and trademark and dumping inferior products in world markets; William La Jeunesse reports from Los Angeles.
Editors note: This article is very very important. Read it twice. In its quest to dominate global markets, China is upending the rules that make them run in the first place. Beijing’s mercantilist strategy—using revenue from cheap exports to finance railways, ports and other footholds in its client states—is disrupting the international trade system. Left…
Editor’s note: China tariffs creating more jobs in the USA, this time from a German company wanting to avoid import tariffs. Germany’s Kion Group AG plans to expand its factory in Summerville, S.C., in a move to escape a 25% tariff the U.S. levied on forklifts imported from China. [ Nina Trentmann | Jan. 18, 2019 | WSJ] About half…
Editors note: another step down the path of WTO irrelevance. The U.S. is stepping up its involvement in the debate over reforming the World Trade Organization and questioned the Geneva-based body’s policies that allow China to benefit from rules meant to bolster poorer nations. [Bryce Baschuk | January 16, 2019 | Bloomberg] The U.S. published a…
Editors note: the imposition of auto tariffs may be more likely and would give Companies in the US auto supply chain a lot more business. WASHINGTON (Reuters) – U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade…
Editor’s summary: This article from a Mexican financial newspaper quotes Luz Maria de la Mora , undersecretary of Foreign Trade of the Ministry of Economy as saying that, now that the USMCA negotiations are complete, Mexico’s industrial strategy should prioritize becoming a platform for importing Chinese goods for production and export to the US. This article…
Trump administration officials have just returned from Beijing after two days of talks meant to resolve China’s aggressive trade and economic cheating. Op-ed by Michael Stumo, CEO of CPA, originally appeared on January 12, 2019 in the Hill President Trump and Chinese President Xi Jinping agreed last month in Buenos Aires to pursue negotiations regarding forced technology transfer,…
Editor’s note: China continues to use its new and ill-gotten wealth to challenge the US militarily. China responded to the latest U.S. Navy freedom of navigation patrol in the South China Sea by declaring it would “take necessary actions to protect state sovereignty” and touting its deployment of nuclear-capable ballistic missiles as a step toward…
