President declined to give specifics about changes to trade pact; he also said he wants to overhaul government’s computers WASHINGTON—President Donald Trump promised “some very pleasant surprises” to come on the North American Free Trade Agreement, in a gathering with U.S. chief executives in which he also said he wants to overhaul the federal government’s…
NPR had a somewhat confused piece on the trade deficit this morning that was headlined “Economists Say Trump Seems To Misunderstand Significance Of Trade Deficit.” The piece basically tells listeners that Trump is mistaken for claiming the trade deficit is a problem. April 6th, 2017 [Center for Economic and Policy Research] To make this point, the piece…
Berlin (AFP) – The chiefs of the IMF, WTO and OECD vowed Monday in a joint statement to defend free trade against creeping protectionist trends, amid growing global alarm over US President Donald Trump’s “America First” call. [AFP] April 10th, 2017 [Breitbart] “Disappointing trade growth figures and the danger of increasing protectionist tendencies give us…
Washington~ The Coalition for a Prosperous America (CPA) announced today that effective April 11th, 2017, Mr. Daniel DiMicco will serve as Chairman. DiMicco, former CEO of Nucor Corp, America’s largest steel company, was a member of President Obama’s Manufacturing Council and most recently headed then President-elect Trump’s trade transition team. “I am proud to have been appointed Chairman…
By Michael Stumo, CEO of CPA Last Friday, Commerce Secretary Wilbur Ross announced that the US and China have agreed to establish a 100 day plan on trade. The big news is that both the President of the United States and the President of China agree that trade imbalances are a big problem. But will…
WUHAN, China — Russell Abney raised two children on solar power. The 49-year-old Georgia Tech graduate worked for the last decade in Perrysburg, Ohio, a suburb of Toledo, pulling a good salary as an equipment engineer for the largest American solar-panel maker. [KEITH BRADSHER] April 8th, 2017 [The New York Times] On the other side of…
Dan DiMicco, former Nucor CEO, and CPA board member weighs in on President Trump’s meeting with China President Xi Jinping, and what it means for U.S.-China relations.
Andrew Quinn, a White House trade adviser who has come under fire from conservatives for his role in negotiating the Trans-Pacific Partnership, is being reassigned to the United States Trade Representative’s office, three administration officials told POLITICO. [ANDREW RESTUCCIA, ALEX ISENSTADT and NAHAL TOOSI] April 6th, 2017 [Politico] The decision comes after Breitbart News and conservatives raised concerns about the…
The U.S. and China have established a “100-day plan” on trade following a breakthrough in discussions between President Trump and his Chinese counterpart, according to Commerce Secretary Wilbur Ross. [Dan Dupont] April 7th, 2017 [Inside US Trade] Briefing reporters after Trump’s meeting with China’s president, Xi Jinping, Ross – flanked by Treasury Secretary Steven Mnuchin…
By Michael Stumo, CEO of CPA, and Jason Cooper, CPA Research Assistant While the trade deficit deniers continue issuing Fake Trade News, President Trump signed a recent executive order entitled “Omnibus Report on Significant Trade Deficits”. This is an important step towards action. The resulting document trade deficits and their causes in the context of…
