China has installed equipment on two of its fortified outposts in the Spratly Islands capable of jamming communications and radar systems, a significant step in its creeping militarization of the South China Sea, U.S. officials say. [Michael R. Gordon and Jeremy Page | April 9, 2018 | WSJ] The move strengthens China’s ability to assert its extensive territorial…
Every time there is some kind of dispute between China and the United States, a litany of voices emerges to warn of spiking interest rates. These warnings are wrong-headed. And this post is going to explain why. Beijing is not Washington’s banker [Edward Harrison | April 7, 2018 | Credit Writedowns] We went through this…
President Donald Trump’s trade actions on aluminum and steel and his confrontational stance with China on broader trade and investment issues have allies alarmed about both a trade war and the future of the World Trade Organization. It is important to be clear that the rise of China made that institution far less relevant long…
In the 2016 election, Hillary Clinton, Bernie Sanders, and Donald Trump all recognized that workers and communities have lost trust in the NAFTA approach to globalization. They all said we should manage globalization differently. [Stan Sorscher | April 6, 2018 | The Stand] Over the last few months, Canada, Mexico and the U.S. have had seven meetings…
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…
