By Jeff Ferry, CPA Research Director A major reason the US Congress and Obama administration approved the KORUS free trade agreement with South Korea in 2011 was the expected benefits to US agricultural exports. Six years later, it’s now clear those benefits have not materialized. US agricultural exports to South Korea have fallen 9% since 2011,…
The federal government is on the verge of passing a once-in-a-generation reform of corporate taxation. Unfortunately, instead of true reform that could improve the long run performance of the U.S. economy, this is likely to be the sugar rush of a quick injection of cash which will boost already high multinational profits in the short…
Lawmakers are pushing to expand government scrutiny of foreign investment flowing into the United States amid concerns over what one congressman says is a “backdoor effort” by China to buy up military-related American tech firms. [Guy Taylor | December 12, 2017 | Washington Times] “China has targeted the acquisition of sensitive American technology and data,” Rep.…
When asked recently about the ongoing NAFTA re-negotiations, President Trump said: “Right now, Canada and Mexico have such a great deal that it’s very hard for them to get used to the fact that it can’t be that way anymore.” [Kevin Kearns | December 13, 2017 | The Hill] Trump is, of course, correct. But it’s not…
President Donald Trump has packed his administration with retired businessmen struggling to adjust to the ways of Washington, family members juggling policy portfolios they have no background in, and aides willing to anonymously savage each other, and the president, in the press. [Zeeshan Aleem | December 12, 2017 | Vox] Then there’s US Trade Rep.…
Sen. Tammy Baldwin (D-WI) is urging President Trump to publish a “now late” and incomplete Buy American and Hire American report he demanded earlier this year – a report she said would advance the enforcement of existing laws. [Daily News | December 13, 2017 | Inside US Trade] The report, called for by Trump in…
President Donald Trump’s chief trade adviser issued his first detailed criticism of the World Trade Organization Monday, blasting the global commercial arbiter for “losing its essential focus” and becoming “a litigation-centered organization” that has failed to pay sufficient attention to enforcing existing rules. [Jacob M. Schlesinger | December 11, 2017 | Wall Street Journal] While…
By Jeff Ferry, CPA Research Director The US trade deficit rose another 8.6% in October to reach $48.7 billion as imports in the month hit $244.6B, an all-time record for imports in a single month. That import figure, which includes goods and services imports, is up 1.6% on the September figure, and up 7% on…
Partnership to create more jobs in the US Ozark, MO – December 12, 2017. In an effort to help boost American Manufacturers, Coalition for Prosperous America (CPA) has partnered with BuyDirectUSA.com. CPA is instrumental in giving a voice in Washington, DC to the more than 250,000 US manufacturers, most of whom are small family owned businesses. In total…
So far, the Trump economy is a resounding success. Unemployment is down, wage gains are stronger and stocks are setting new records. But a lot more than tax and regulatory reform will be needed to deliver the economic growth Americans should expect and deserve. [Peter Morici | December 11, 2017 | Trib Live] The International…
