President Trump said on Wednesday that his administration will not label China a currency manipulator in a Treasury Department report due out this week. April 12th, 2017 [Inside US Trade] “They’re not currency manipulators,” Trump said in an interview with the Wall Street Journal, adding that giving China the label now could hurt cooperation on efforts to…
Last Friday, Commerce Secretary Wilbur Ross announced that the U.S. and China have agreed to establish a 100-day plan on trade. The big news it that both the president of the United States and the president of China agree that trade imbalances are a big problem. But will this 100-day plan be effective or just…
President Trump has officially named the American Enterprise Institute’s Kevin Hassett as the chair of his Council of Economic Advisers. The CEA chair serves as the White House’s chief economist, and while Trump has demoted the position from the Cabinet-level standing it enjoyed under past presidents, it remains one of the most important economic policy jobs in the federal…
The president plans to nominate attorney Gilbert Kaplan to serve as under secretary of Commerce for international trade. April 11th, 2017 [Inside US Trade] Inside U.S. Trade reported in February that Kaplan would be the pick for the job provided Wilbur Ross was confirmed as Commerce secretary. Kaplan is a partner at the law firm King &…
Ten House members have urged two top agriculture appropriators to insert language in the fiscal year 2018 Agriculture and Related Agencies Appropriations bill that would prevent money from being spent on the implementation of a rule that would allow U.S. imports of poultry slaughtered in China. [Jack Caporal] April 10th, 2017 [Inside US Trade] The…
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…
Import dumping is a huge trade issue that impacts our economy — and our national security. One of the tidbits that emerged following President Trump and Chinese President Xi Jinping’s meeting at Mar-a-Lago last week is that the president is considering issuing an executive order to target unfair import dumping from foreign companies. While the details are…
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…
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…