The NYT gave us yet another piece telling us that Donald Trump is right about his growth projections and that the Congressional Budget Office is wrong. The piece, by Kai-Fu Lee, the chairman and chief executive of Sinovation Ventures, a venture capital firm, and the president of its Artificial Intelligence Institute, tells readers that we are about…
Fear of retaliation against U.S. producers should not deter the Trump administration from defending America’s interests by using every “legitimate” tool available — including Section 232 investigations into the national security impact of imports, U.S. Trade Representative Robert Lighthizer told the House Ways & Means Committee on Thursday. [Jenny Leonard] June 22nd, 2017 [Inside Trade]…
HONG KONG — After years of predictions that cars sold in the West would bear the “Made in China” label, the time has finally come. [KEITH BRADSHER] June 21st, 2017 [The New York Times] Ford Motor’s plans to build its popular Focus compact cars in China, rather than Michigan or Mexico, is a milestone in China’s…
Billings, Mont. – R-CALF USA CEO Bill Bullard issued the following statement following Agriculture Secretary Sonny Perdue’s announcement that he is halting imports of fresh Brazilian beef. June 22nd, 2017 [R-CALF USA] “We applaud Secretary Perdue’s decision to halt imports of fresh Brazilian beef but we question why the Secretary did not also halt imports of…
WASHINGTON –The U.S. Department of Agriculture (USDA) today announced the suspension of all imports of fresh beef from Brazil due to food safety and animal health concerns. [Hannah Packman] June 22nd, 2017 [National Farmers Union] The announcement came on the heels of a scandal in which Brazil’s largest food-processing giants JBS and BRF were raided by…
Washington~ Michael Stumo, CEO of CPA testified today at the Trump Administration NAFTA hearings and charged Mexico with devaluing American workers through its low wages and border-adjustable taxes that unfairly favor Mexican production, and said the US should not be afraid to “walk away” from NAFTA. However Stumo added that because Mexico and Canada are…
A U.S. bankruptcy court has decided to sell a California mine, the sole U.S. source of rare earth minerals, to a consortium including Chinese mining company Shenghe Rare Earth Shareholding Co. If the transaction goes ahead, it would turn over the unique domestic producer of these vital minerals, used in many high-tech electronics products, to…
By Jeff Ferry, CPA Research Director This past April, on a 92-mile bike ride through the hills of Monterey, California, I met a young man I’m proud to call a friend, Rasheen Malone. Rasheen grew up in a tough section of Brooklyn, not far from where I was born. At 18, Rasheen joined the U.S.…
President Trump declared that China’s efforts with North Korea have failed. Tesla, despite Elon Musk’s prior commitment to USA made electric cars, announced that it is in talks to build a plant in Shanghai. It may be time to shift America’s China strategy away from diplomacy towards actions we can take without negotiations. After campaigning…
U.S. Trade Representative Robert Lighthizer believes the World Trade Organization dispute brought by China against the U.S. over the Commerce Department’s treatment of China as non-market economy in trade remedy cases is a top litigation priority for USTR, telling lawmakers a loss in the dispute would have serious consequences for the WTO. [Jack Caporal] June…