Last week’s U.S.-China summit turned out to be as close to a nothing-burger as any meeting between the leaders of the world’s two most important countries could possibly be. But at least one useful purpose was served by the understandably suspenseful run-up to this eagerly anticipated first direct encounter between President Trump and the human…
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…
Senate Minority Leader Charles Schumer (D-NY) ripped into President Trump for failing to wring meaningful concessions and concrete commitments out of Chinese President Xi Jinping during their meeting last week, claiming Trump left the “golden opportunity” meeting “empty handed.” [Jack Caporal] April 11th, 2017 [Inside US Trade] Trump came away from the April 6-7 rendezvous…
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…
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…
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.
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…