President Trump threatened a heavy counterpunch against Beijing Thursday evening, saying he may impose tariffs on $100 billion worth of Chinese goods on top of the Section 301 tariffs his administration is already considering to combat what the U.S. says are illegal intellectual property and technology transfer practices. [Jack Caporal | April 5, 2018 |…
Washington, DC. The Coalition for a Prosperous America (CPA) today congratulated the Trump administration for standing firm against China’s mercantilism by announcing an additional $100 billion of new potential tariffs, and for instructing the US Department of Agriculture to implement a plan to protect farmers and ranchers from economic aggression. Last month, the administration concluded an…
Washington, D.C. – U.S. Trade Representative Robert Lighthizer today released the following statement in support of the President’s direction that the Office of the United States Trade Representative (USTR) consider additional measures under Section 301 of the Trade Act of 1974 regarding China’s unfair acts related to technology transfer, intellectual property, and innovation: Office of the…
Investment-driven growth can broadly occur in the form of one of two models, each with a different way of treating wages and household income. One model, which I will call the high-wage model, incorporates and encourages high wages as the engine behind growth and productivity gains. I will call the other model the high-savings model. In this…
The Office of the U.S. Trade Representative views China’s $50 billion tariff threat in response USTR’s Section 301 tariff recommendations as “unjustified” and an attempt to “intimidate” the Trump administration, a USTR official said Wednesday. [Jack Caporal | April 5, 2018 | Inside US Trade] The official said there was no deadline to finalize the tariff…
President Trump announced the U.S. will impose a tax of some $60 billion on imports from China. [Curtis Ellis | April 2, 2018 | WND] This comes as punishment for the deliberate cheating and outright theft of U.S. trade secrets by China’s communist government and after decades of inaction by Washington’s supine politicians from both…
As President Donald Trump takes trade actions aimed at China, it is important to focus on the long game. It’s not about cars costing $125 more and surely not about the United States going protectionist. [Peter Morici | April 4, 2018 | Marketwatch] America has been in a trade and ideological war with China for…
The Trump administration Monday told Beijing to focus on fixing its own “unfair trading practices” instead of hitting “fairly traded” U.S. exports with tariffs – the first U.S. reaction to China’s announcement of new duties on 128 U.S. products in response to Section 232 tariffs on steel and aluminum. [April 2, 2018 | Inside US…
President Trump’s renegotiated Korea trade deal shows that the era of America’s unilateral trade disarmament is over. During the last 30 years, various academics and free traders have urged the United States to pre-emptively remove all of its trade barriers. Op-ed originally appears on The Hill March 29, 2018 The idea was to encourage other…
Is there a better way to reduce the U.S. trade deficit than raising duties on imports? A lot of economists say yes. Some of their ideas are old, some new, and some a little strange. All have been given new life by the Trump administration’s tariff offensive, which has sparked fears of a global trade war.…