Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed. [Justin Sink, Dakin Campbell, and Shannon Pettypiece | March 6, 2018 | Bloomberg] “It has been an honor to serve my country and enact pro-growth economic policies…
This culminated last week. But the war — between Peter Navarro’s economic nationalist camp and Gary Cohn’s free trader-cohort — has been roiling the White House for months. [Jonathan Swan | March 4, 2018 | Axios] It came to a head in the Oval Office in January of this year, when Cohn, Navarro, Rob Porter, Wilbur…
You don’t have to know David Ricardo from Ricky Ricardo to understand the problems with President Trump’s approach to fixing America’s trade woes. [ Spencer Jakab | March 5, 2018 | WSJ] But a seemingly unrelated news item on Monday shows what is being ignored in the debate over Mr. Trump’s tariffs: The U.S. trade balance may be much worse…
If you ask the CEO of Nucor, the largest steel producer in the United States, he’ll tell you that President Donald Trump’s plans to put tariffs on steel and aluminum imports are fair game. [Elizabeth Gurdus | March 5, 2018 | CNBC] In a Monday interview on “Mad Money,” Nucor CEO John Ferriola pushed back against arguments that the tariffs…
Yesterday, President Donald Trump said that he has decided to impose tariffs of 25% on all steel imports and 10% on aluminum imports, promising to sign the measures next week. Trade remedies for steel and aluminum are long overdue. [Robert E. Scott | March 2, 2018 | Marketwatch] Trump promised quick action after announcing investigations of the national-security…
MEXICO CITY – Negotiators have made progress on automotive rules of origin, state-to-state dispute settlement and a review mechanism during the seventh round of North American Free Trade Agreement talks here, though the U.S. continues to refuse to back down from some of its more controversial proposals, according to sources familiar with the negotiations. [ Brett…
Last week President Trump announced new tariffs on steel and aluminum products, and the response couldn’t have been more negative — critics warned of trade wars, recession, global instability. But the blowback is overblown, and seems to constitute reflexive anti-Trump sentiment rather than careful economic reasoning. [Josh Bivens | March 5, 2018 | NY Times]…
North American Free Trade Agreement negotiators did not make the progress that “many had hoped” would be made in the seventh round of talks, U.S. Trade Representative Robert Lighthizer said on Monday, warning that the three countries were running out of time. [ Dan Dupont | March 5, 2018 | Inside US Trade] Crediting negotiators for…
As the recent Winter Olympics reminds us, cheating is absolutely unacceptable in the international arena. A policy of “zero tolerance” is enforced, and any athletes taking performance-enhancing drugs are immediately disqualified. Op-ed By Michael Stumo Originally Appeared on The Hill Unfortunately, such scrutiny doesn’t always extend to the world of international trade, with countries like…
Nearly 60 percent of American voters say imposing tariffs on Chinese steel and aluminum is crucial to the United States’ economic relationship with China. [John Binder | March 1, 2018 | Breitbart] In a Morning Consult poll, 59 percent of Americans say it is “important” that President Trump place tariffs on imported steel and aluminum,…
