U.S. Message to China: Hands Off Our Companies

The U.S. is toughening its scrutiny of Chinese deals, throwing a number of high-profile takeover bids into question and helping spur a huge case backlog, according to people familiar with the process. [ Kate O’Keeffe and Julie Steinberg | July 21, 2017 |The Wall Street Journal] The Committee on Foreign Investment in the U.S. has signaled there…

What the Decline of the Dollar Means

The value of the dollar has fallen steadily since the beginning of 2017, erasing a sharp rise immediately after President Trump’s election. [BINYAMIN APPELBAUM | July 20, 2017 |The New York Times] To take one example, the number of euros that can be obtained for one dollar has declined to the lowest level in more than…

Trump White House: We’re seeing strong results

President Donald Trump hosted a ‘Made in America’ product showcase at the White House on Monday, an event that celebrated American-made products, according to the administration. [Peter Navarro | July 19, 2017 |USA Today] The cynics criticizing “Made in America” show just how out of touch they are with the challenges confronting American workers and…

Manufacturing and Agriculture Groups Support National Security Investigation on Steel and Aluminum

Washington ~ Organizations representing manufacturers, farmers, ranchers and workers across the country sent a letter to Commerce Secretary Wilbur Ross today supporting remedial action for the American steel and aluminum industries under Section 232 of the Trade Expansion Act of 1962. The Trump administration is considering action under Section 232 which allows the President to take…

How to Fix Manufacturing’s Poor Image

“The American public’s perception of manufacturing may be at an inflection point. The good news is manufacturing clearly matters to many Americans, with the vast majority viewing U.S. manufacturing as crucial to America’s economic prosperity, standard of living, and national security,” said a new report.  [IW Staff | July 13, 2017 |Industry Week] U.S. manufacturing…

USTR Releases NAFTA Negotiating Objectives

Washington, D.C. – United States Trade Representative Robert Lighthizer today released a detailed and comprehensive summary of the negotiating objectives for the renegotiation of the North American Free Trade Agreement (NAFTA). Through the renegotiation of NAFTA, the Trump Administration will seek a much better agreement that reduces the U.S. trade deficit and is fair for all…

CPA Statement on Trump Administration’s New NAFTA Objectives

Washington ~ The Coalition for a Prosperous America (CPA) largely supports the Trump administration’s newly released NAFTA Objectives as an important change in the direction of America’s trade strategy. “Never before has a president prioritized reduction of the US trade deficit in trade negotiations,” said Dan DiMicco, CPA Chairman. “The Trump administration’s NAFTA objectives for trade in…

Trump’s trade warrior prowls the West Wing

Peter Navarro, one of the White House’s top trade advisers, is widely viewed throughout the West Wing and Capitol Hill as a prickly personality with extreme policy ideas. [NANCY COOK and ANDREW RESTUCCIA | July 11, 2017 |Politico] Peter Navarro, one of the White House’s top trade advisers, is widely viewed throughout the West Wing and Capitol Hill as…

Washington Times: How to Fix the Trade Deficit

President Trump is falling woefully short on his promise to fix the trade deficit. It’s on track to hit $570 billion this year — up from $505 billion in 2016. Apologists argue the trade gap permits Americans to purchase less expensive consumer goods, while critics blame it for job losses. Three things are certain —…