More Than 1,000 U.S. Civil Society Groups Demand an End to ISDS, the Addition of Strong Labor Standards & More in NAFTA Renegotiation [March 21, 2018 | CTC] Washington, D.C. — As U.S. Trade Representative Robert Lighthizer testified on trade policy at a Ways & Means Committee hearing this morning, a cross-sector group of more…
Editorial note: WSJ editorial board finally, finally admits to China’s predatory trade. But tariff freak out still takes precedence. Proposes slow, ineffective, international bureaucrat action. The Trump Administration is expected to announce more tariffs as early as this week in an attempt to reduce China’s trade surplus with the U.S. While these taxes are a…
A study conducted by the Coalition for Prosperous America found that President Donald Trump’s tariffs on aluminum and steel will add roughly 19,000 jobs. [SEAN MORAN | March 20, 2018 | Breitbart] The group found that Trump’s 25 percent tariff on steel imports and 10 percent tariff on aluminum will add roughly 19,000 jobs, offsetting potential jobs losses from…
Wall Street’s hair is on fire about steel and aluminum tariffs imposed by President Trump, because closing mills and factories in the United States and moving them overseas is how investors enrich themselves. [Richard Trumka | March 20, 2018 | Washington Post] And those wealthy investors reap even fatter profits when offshore mills and factories violate trade…
U.S. tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labor losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. [Joe Deaux | March 20, 2018 | Bloomberg] The study is from the nonprofit organization, which has…
Research finds slight decline in GDP, no job loss Washington. A new study from the Coalition for a Prosperous America (CPA) finds that the effects on the US economy of the recently announced Section 232 steel and aluminum tariffs would be nearly undetectable, with the net job impact approaching zero. Gross domestic product would decline by only eight one-thousandths of one…
Rep. Andy Barr (R-KY), the chairman of the House Financial Services subcommittee, is still aiming to send by August a bill to the president’s desk that is based on Sen. John Cornyn’s (R-TX) legislation to modernize and expand the jurisdiction of the Committee on Foreign Investment in the United States, he told Inside U.S. Trade on Thursday after…
The U.S. can institute tariffs on foreign goods without sparking a global trade war, a senior White House economic official said Thursday. [Jeff Cox | March 16, 2018 | CNBC] In slapping tariffs on steel and aluminum, the Trump administration is acting in the nation’s economic and national security interests and not looking to provoke, Peter…
Sen. Tammy Baldwin (D-WI) this week blasted a panel of Cabinet members for a lack of “Buy American” language in the White House’s 2018 infrastructure blueprint, issued last month. [Isabelle Hoagland | March 16, 2018 | Inside US Trade] The White House proposal, released on Feb. 12, does not include provisions mandating the use of U.S.…
Peter Schweizer, who delved into the Clinton Foundation’s dealings in 2016’s “Clinton Cash,” has turned his sights to the money-making machinations of DC’s political elite. [Larry Getlen | March 17, 2018 | Politico] His new book, “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends,” — due out Tuesday from Harper Collins — exposes…
