Press Release: New CPA Paper Debunks Trade Deficit Myths

Washington ~ The Coalition for a Prosperous America (CPA) released a paper today addressing common but misleading economic arguments that America’s low savings rate causes trade deficits. Authors Michael Stumo and Jeff Ferry show how deliberate action by trade surplus countries like China and Germany transmit to the US in the form of trade deficits that kill…

Democrats fault administration’s process in 232 probes, request briefings ‘immediately’

Democratic lawmakers, troubled by what they view as a lack of transparency and “due process” in the administration’s reviews of whether steel and aluminum imports are harming national security, are demanding briefings on both Section 232 investigations “immediately.” [Jenny Leonard] June 20th [Inside Trade] “It is troubling that to date the Administration has not briefed…

UNITED STATES FARMERS FILE SUIT TO REQUIRE COUNTRY-OF-ORIGIN LABELING ON MEAT PRODUCTS

The Ranchers-Cattlemen Legal Action Fund, United Stockgrowers of America (R-CALF USA) and Cattle Producers of Washington (CPoW) have filed a lawsuit in the United States District Court for the Eastern District of Washington Monday against the U.S. Department of Agriculture. The suit alleges that USDA regulations that allow beef and pork to be classified as “domestic products,”…

Commerce Secretary Wilbur Ross Talks Trade

One of the most notable political trends over the past 18 months—and one with the potential to affect companies across many industries—has been voter pushback against globalization and free trade. June 18th, 2017 [The Wall Street Journal] Indeed, following the Brexit vote in the U.K. and Donald Trump’s victory in the U.S. presidential election, nations…

GM Expects To Move 600 Supplier Jobs From Mexico to Texas

General Motors Co. GM +0.32% said Friday it would open a supplier park near its Arlington, Texas, sport-utility factory, resulting in the relocation of about 600 jobs from Mexico to the U.S. and a higher concentration of American-made parts in Chevrolet Suburbans and Cadillac Escalades. [Mike Colias & William Mauldin] June 16th, 2017 [The Wall Street Journal]  Many of those U.S. employees…