By Jeff Ferry, CPA Research Director Summary: This article looks at China’s heavy dependence on – or overexposure to – the US for their trade surplus and their exports. It examines different ways of counting the China trade surplus, finding that on one alternative measure it could be as much as twice as large as…
U.S. Trade Representative Robert Lighthizer on Thursday said the national security-based Section 232 tool is only effective if it is applied globally, despite relationships the U.S. has with countries considered to be key allies. [Isabelle Hoagland | July 26, 2018 | Inside US Trade] Asked by Sen. Jack Reed (D-RI) if Canada posed a national…
“Now that we have a court established finding that lack of country of origin labeling harms cattle producers in the United States, we’re going directly to the White House,” said Bill Bullard, R-CALF USA CEO. [Russell Nemetz | July 26, 2018 | Montana Ag Network] In a lawsuit filed by R-CALF USA, the organization alleged that the…
By Jeff Ferry, CPA Research Director US gross domestic product (GDP), adjusted for inflation, grew by a 4.1% annual rate in the second quarter of this year, the fastest quarterly growth rate since 2014, showing that economic growth is surging ahead, unaffected by—or perhaps boosted by–trade actions by the Trump administration. According to government figures,…
The following is the text of the joint statement after President Donald Trump and European Commission President Jean-Claude Juncker’s meeting: [July 25, 2018 | MarketWatch] “We met today in Washington, D.C. to launch a new phase in the relationship between the United States and the European Union – a phase of close friendship, of strong…
SHENZHEN, China — Meet the man dubbed China’s Elon Musk, Ruopeng Liu. Like Musk, he’s working on sending people into space, and has already sent them flying. He’s the man behind jet-powered surfboards, and is a multi-billionaire at just 35 years old. [Cynthia McFadden, Aliza Nadi and Courtney McGee | Jul 24, 2018 | NBC News] “We…
Editors note: this issue of unsafe imported pharmaceuticals from China is the next big health scare. It will be bigger than the contaminated pet food scare. I’ve spent hours researching the health impacts of various vitamins, supplements and medications, weighing the costs and benefits of various options of each… until I end up researching how…
Editor’s note: CPA member Charlotte Pipe and Foundry continues fighting the battle to take back their name, logo and trademarks from a Chinese company. That Chinese company is using the stolen Charlotte Pipe logo on billboards in Chinese cities, business cards, products and packaging in China and across the world. [Tim Spear | July 23,…
Without prompt action, we could lose farmers and the rural businesses they support and depend on at a rapid rate” WASHINGTON, D.C. – Wisconsin farmers are struggling and the Trump administration’s trade wars aren’t helping, in fact they are hurting the state’s agriculture economy. U.S. Senator Tammy Baldwin is today calling on the Trump Administration…
Editor’s note: This Department of Agriculture announcement is the result, so far, of the president’s directive to protect America’s farmers and ranchers. CPA welcomes this announcement, but also supports going further. The US should (1) develop a more comprehensive agro-industry strategy to benefit farmers and ranchers which must include policies previously rejected in the pursuit…