The World Steel Association predicts that global steel demand will increase 1.8 percent in 2018, though Chinese steel demand will drop more than other countries’ over the next two years. [April 26, 2018 | Inside US Trade] The association, a Brussels-based trade group that says its members represent 85 percent of world steel production, released…
The escalating trade war between the United States and China, with the Trump administration considering $100 billion in punitive tariffs in response to China’s $50 billion in retaliatory tariffs, obscures a more important source of conflict: China’s desire to someday establish the yuan as a global reserve currency, on a par with the dollar. [Lan Cao |…
On April 18th, CPA co-hosted a manufacturing summit with California State Senator Joel Anderson in San Marcos, CA. Dan DiMicco shared an insider’s view of the Trump Administration trade agenda and addressed specific issues related to tariffs. Research Director Jeff Ferry’s presentation highlighted that economists are beginning to see the light on trade because of…
It’s a sad but familiar story. A plant closes, and dozens or hundreds or thousands of decently paid factory workers lose their jobs. Unable to find work that compensates them nearly as well, they have little choice but to accept low-wage employment in retail or restaurants. [Alan Greenblatt | April 26, 2018 | Governing] What’s…
China unveiled its plan to dominate the world’s most crucial technologies with little international fanfare, another vague, guiding principle in the labyrinth of Communist Party bureaucracy. [Jessica Meyers | April 24, 2018 | LA Times] Three years later, it’s at the core of a trade dispute with Washington that threatens to upend the global economy.…
Prominent U.S. business lobbies are begging the Trump administration not to impose tariffs on Chinese imports, but some small manufacturers are pushing the other way: Trying to get more products on the proposed list. [Mark Niquette | April 24, 2018 | Bloomberg] Makers of steel wheels, safes and other products want the U.S. to impose…
The AFL-CIO has thrown its weight behind the Foreign Investment Risk Review Modernization Act and advised against changes to it. [Jack Caporal | April 24, 2018 | Inside US Trade] “The Foreign Investment Risk Review Modernization Act (FIRRMA) is a reasoned approach that balances the desire to maintain an open investment climate and our security…
SHANGHAI — Want to avoid American tariffs? In China, a company called Settle Logistics says it knows a way. [Keith Bradsher | APRIL 22, 2018 | NY Times] Specifically, that way goes through Malaysia — a 4,600-mile diversion compared with sending a shipping container from China straight across the Pacific to the United States. But…
There are a lot of moving pieces in the trade situation between the U.S. and China. [April 20, 2018 | AG Web] Earlier this month, the U.S. and China announced tariffs on more than $100 billion on goods between the two countries. Lists of items on both lists continued to grow, and soybeans are one…
In recent years, U.S. manufacturers have been competing, and often losing, against government-owned Chinese companies intent on taking market share at any cost. Thankfully, President Donald Trump is fighting back with tariffs to protect domestic industries against China’s economic aggression. Op-ed originally appears on LifeZette In response to the president’s tariffs, naïve free trade pundits…