By Michael Stumo, CEO of CPA The most recent outrage for the globalists at the Wall Street Journal editorial board is a proposed Trump administration effort to resolve two different versions of government reported trade statistics for the better. Since the WSJ opinion editors do not think trade deficits matter at all, one wonders why…
WASHINGTON—Lawmakers from both parties are mounting efforts to bolster the federal government’s scrutiny of surging Chinese investment in the U.S., emboldened by President Donald Trump’s anti-China rhetoric on trade. [KATE O’KEEFFE | February 21, 2017 |Wall Street Journal] They have yet to coalesce around any one plan, and the disparate ideas so far show early battle…
Coalition for a Prosperous America CEO Michael Stumo told Inside U.S. Trade his organization supports the Trump administration’s “shift towards consistently removing the inaccuracies caused by including pass-through goods — or re-exports — from the trade data.” “While there can be inaccuracies in both calculations — as in many government statistics — the narrower Domestic Exports minus…
By Jeff Ferry, CPA Research Director Today the CPA published a new article on the U.S.’s Top Ten Bilateral Deficit Nation Trading Partners featuring the latest data for last year. You can read it here. In a nutshell, our trade deficit in goods has increased twenty-fold in the last 25 years to total $956 billion last…
Three Democrats are calling on President Trump to support legislation that would direct the Commerce Department to treat currency manipulation as an export subsidy, allowing it to issue countervailing duties in trade remedy cases. [Daily News| February 17, 2017 |Inside US Trade] In a Feb. 17 letter, signed by former Ways & Means ranking Member Sandy…
Organic grain is flooding into the U.S., depressing prices and drawing complaints from domestic organic farmers who fear their harvests are held to stricter standards than foreign-raised crops. [Jacob Bunge | February 21, 2017 |Wall Street Journal] Turkey, for instance, vaulted ahead to become by far the biggest supplier of organic corn and soybeans to…
WASHINGTON—The Trump administration is considering changing the way it calculates U.S. trade deficits, a shift that would make the country’s trade gap appear larger than it had in past years, according to people involved in the discussions. [WILLIAM MAULDIN and DEVLIN BARRETT | February 19, 2017 |Wall Street Journal] The leading idea under consideration would exclude from U.S.…
A coalition of CEOs from U.S. industries particularly sensitive to foreign dumping is calling for increased enforcement of trade laws in order to restore the U.S. economy, and want Congress to make both statutory and practice changes to trade enforcement law. [Daily News| February 17, 2017 |Inside US Trade] The Committee to Support U.S. Trade…
Rep. Peter DeFazio (D-OR), joined by six House Democrats, on Thursday introduced a resolution called the “Blueprint for America’s Future Trade Policy” that outlines principles and a time line for the renegotiation of the North American Free Trade Agreement. [Daily News| February 16, 2017 |Inside US Trade] The resolution is designed to put pressure on the…
HONG KONG — In South Korea, it’s all in the family. South Korean officials on Friday arrested Lee Jae-yong, the vice chairman of Samsung and the scion of an immensely wealthy and powerful family. Mr. Lee — known as Jay Y. Lee in the West — was accused of paying bribes to a confidante of South…
