The Trump administration has prepared a plan for tariffs on another $267 billion in Chinese goods, the president said on Friday. [September 07, 2018 | Inside US Trade] The package would be in addition to the tariffs expected any day on $200 billion. The U.S. has already hit $50 billion worth with tariffs under Section 301…
Editors note: Nucor is a CPA member. CHARLOTTE, N.C., PRNewswire — Nucor Corporation’s Board of Directors approved an investment of $650 million to expand the production capability of Nucor Steel Gallatin, the company’s flat-rolled sheet steel mill located in Ghent, Kentucky. This investment will increase the production capability from 1,600,000 tons to approximately 3,000,000 tons annually and will increase the…
Editors note: Dan DiMicco is CPA’s Chairman as well as former CEO of Nucor. Nucor is a CPA member who has experienced tremendous growth already due to the tariffs, along dozens of other CPA members. Berkeley County steelmaker Nucor Corp. was having a pretty good year before President Donald Trump imposed tariffs on imported aluminum and steel in March. [David Wren…
Late-night news comic John Oliver recently gave a 20-minute talk about President Donald Trump’s use of tariffs. As always, he was very funny, but he made a few mistakes in his analysis of trade. Op-ed by Jeff Ferry originally appeared in LifeZette on September 7, 2018 The Coalition for a Prosperous America (CPA) would like to help…
One of the remarkable things about the Donald Trump era is how significantly the American conversation about China has changed. [ Hal Brands | September 7, 2018 | Japan Times ] As recently as 2016, Barack Obama argued that a weak China that could not contribute to solving global problems was more dangerous than a…
July Trade Deficit Up 9.5% to $50.1B By Jeff Ferry, CPA Research Director Wednesday’s trade report from the US Commerce Department for July reported that the US bilateral deficit with China hit a new all-time high of $36.8 billion in July, 9.5% worse than the July 2017 figure. For the first seven months of this…
Editors note: China still does not admit that it engages in trade cheating and technology theft. Merely promising to buy more goods is like a thief saying he won’t stop stealing but he will become a customer at your store. President Trump on Wednesday said he could not accept the trade terms China is offering and said…
Did you happen to catch John Oliver‘s trade piece on Last Week Tonight? It was funny but outrageously wrong in every single aspect. What’s worse is that his video has over 4.4 million views in which he is spreading his trade lies. CPA put a rebuttal video together with the truth on trade.
Washington. The Coalition for a Prosperous America (CPA) is urging President Trump to consider vetoing the Miscellaneous Tariff Bill, which would would unilaterally eliminate tariffs on a variety of imported foods and goods that have been offshored and are no longer produced in the US. “President Trump should consider vetoing the ‘Never Make it Here Again…
CPA Chairman was quoted in this article: Foreign leaders “keep underestimating Trump on trade,” said Dan DiMicco, a former steel executive and trade adviser to Trump who was with the president Friday in Charlotte. “If he’s not tough on everybody, why is China going to believe he’s going to be tough on them?” President Trump on Saturday threatened to…