Washington ~ The Bureau of Economic Analysis and the Census Bureau released its September report on international trade today showing that the year-to-date US goods and services deficit increased by 9.3 percent as compared to last year. “The overvalued dollar continues to make American exports of goods and services too expensive in international markets, hampering…
GENEVA—Inside the cement compound housing the World Trade Organization lies a colorful Chinese garden of cultivated rocks, arches and calligraphy. The gift from the Chinese commerce ministry symbolizes “world prosperity through cross-cultural fertilization,” according to a marble plaque. [Jacob M. Schlesinger | November 2, 2017 | WSJ] It’s not the only way China has left…
By Jeff Ferry, CPA Research Director Technology giant IBM reported its third quarter results on Oct. 17th, and extended a stunningly long losing streak with its 22nd consecutive quarter of declining sales. In four years, quarterly revenue has dropped 18%. As they say on Twitter: Sad! The problems at the computer giant are due mostly…
Back in May, this column reported on President Donald Trump’s “Buy American” executive order, which formally announced the administration’s policy and plan to “maximize . . . use of goods, products and materials produced in the United States” through federal procurements to “support the American manufacturing and defense industrial bases.” [Jeff Bozman, Justin M. Ganderson…
Briggs & Stratton Corporation, a manufacturer of gasoline engines for outdoor power equipment, will relocate production of its V-Twin Vanguard engines from a joint venture partnership in Japan to its existing manufacturing facilities in Statesboro, Georgia and Auburn, Alabama. [Area Development News Desk | October 31, 2017 | Area Development News] Production of V-Twin Vanguard engines in…
The four members of the U.S. International Trade Commission today each proposed a combination of remedies for President Trump to consider in a safeguard investigation into solar imports, including quantitative restrictions, tariff-rate quotas and the launch of international negotiations. [Isabelle Hoagland | October 31, 2017 | Inside US Trade] After unanimously voting on Sept. 22…
CONTACT:Thomas M. SneeringerCommittee to Support U.S. Trade Laws (CSUSTL)[email protected]202-999- 9154www.csustl.us; @csustlIMMEDIATE RELEASE (Washington, DC, November 1, 2017) – The Committee to Support U.S. Trade Laws (CSUSTL) welcomes and applauds the determination issued by the U.S. Department of Commerce (DOC) that China’s economy should continue to be properly treated as a “Non-Market Economy” (NME) for purposes…
As ITIF has written in numerous reports and testimony—including “Testimony Before the U.S. House Foreign Affairs Subcommittee on China’s Threat to U.S. Advanced Industries” (April 2017), “Stopping China’s Mercantilism: A Doctrine of Constructive, Alliance-Backed Confrontation” (March 2017), “Testimony Before the U.S.-China Economic and Security Review Commission on Chinese Foreign Direct Investment” (January 2017), “False Promises:…
The Commerce Department has issued a 205-page memo laying out its case for maintaining China’s non-market economy status for the purpose of antidumping cases just as President Trump prepares to meet Chinese President Xi Jinping next week in Beijing. [Jack Caporal| October 30, 2017 | Inside US Trade] China believes the expiration of certain provisions…
While many across America have focused (rightly) on the wreckage of American factories caused by the North American Free Trade Agreement, many more families also saw their livelihoods impacted as NAFTA hammered America’s beef industry. [Mike Schultz | October 23, 2017 | High Plains Journal] As a family farmer in Brewster and a Local Union…
