Summary note: The Coalition for a Prosperous America supports the legislation, referred to in this article, which would tighten incoming foreign investment restrictions. We are also very concerned about the takeover by Cosco Shipping, a Chinese company. If you owned a company, would you let your competitor monitor all your incoming and outgoing orders? In…
Core concept: The overvalued dollar pushes US commodity prices down Around a decade ago, I was talking with a staffer of the Senate Commerce Committee about infrastructure. I gave a list of potential projects, including trains. He interrupted me and said that they don’t talk about trains there. [Dean Baker | June 3, 2018…
There’s a lot of fuss right now about President Trump imposing tariffs on steel and aluminum imports. Critics fret about a trade war. Others worry there will be disruptions to global markets. [Dan DiMicco | June 3, 2018 | The Hill] Realistically, the president had no choice but to stand up for America’s steel and aluminum producers.…
Note: The European Union’s effort to target dumping of Chinese bicycles is a continuation of Europe’s past actions to prevent China’s oversupply from flooding their market in many products. The US trade actions this year are merely catching up with what other countries do BRUSSELS (Reuters) – The European Union opened an investigation on Monday…
Billings, Mont. – R-CALF USA announced today that the Trump Administration’s lifting of its temporary exemptions of Section 232 steel and aluminum tariffs for the European Union, Canada, and Mexico is the first step in revitalizing the nation’s ailing farm and ranch sectors, which are comprised primarily of family-scale operations. “For nearly half a lifetime the…
European Union leaders are considering how to retaliate against the United States, after President Trump imposed tariffs on steel and aluminium imports. Justin Webb speaks to Donald Trump’s former director of White House communications Anthony Scaramucci, while Nick Robinson speaks to Prof Greg Autry, who has worked on US trade policy with China; Bernd Lange, a…
The U.S. government’s steel and aluminum tariffs went into effect — and they have already created an international furor. So mission number one is accomplished. The tariffs were intended to upset the applecart of an obsolete world trading system that is politically dangerous and economically disastrous. [Jeff Ferry | June 2, 2018 | The…
China’s influence in New Zealand is so extensive that it threatens the traditionally close intelligence contacts between New Zealand and its Western allies, according to a report written by the Canadian spy agency. Since World War II, New Zealand has been a member of what is sometimes referred to as the UK-USA Security Agreement. Known…
On January 19, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of aluminum articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). In Proclamation 9704 of March 8, 2018 (Adjusting Imports…
Vice President Mike Pence called Canadian Prime Minister Justin Trudeau on Tuesday to demand Canada accept a five-year sunset clause in the North American Free Trade Agreement as a precondition for Trudeau to meet with President Trump in Washington, DC to work out the final contours of a NAFTA deal, Trudeau told reporters on Thursday. [Brett Fortnam…
