China is ruled by a party that calls itself Communist, but its economic reality is one of rapacious crony capitalism. And everyone has been assuming that the nation’s leaders are in on the joke, that they know better than to take their occasional socialist rhetoric seriously. [Reposted from The New York Times | Paul Krugman …
August 12, 2015Contact: Andrew Jerome, 202-314-3106[email protected] WASHINGTON (August 12, 2015) – National Farmers Union (NFU) President Roger Johnson today denounced the Chinese government’s recent decision to devalue its currency, an unfair move that hurts U.S. family farmers’ and ranchers’ ability to export goods to China. Johnson called for the administration to ensure currency…
There were two stories for why China allowed the value of its currency to fall beginning on Tuesday, one of which makes the government look shortsighted and the other farsighted: It is looking to boost its export sector to combat a weakening economy or it is trying to liberalize its financial system as it ascends…
Washington, D.C. – China has repeatedly manipulated its currency at the expense of American manufacturers and workers. In just three days, China’s government has wiped out four years of yuan appreciation. Said Alliance for American Manufacturing President Scott Paul: “China’s latest move is all too predictable and should come as a surprise to no one.…
FOR IMMEDIATE RELEASE – August 12, 2015 Contact: Brandy Brown, Communications Director, 202-225-3161 REED BLASTS CHINESE GOVERNMENT FOR DEVALUING CURRENCY Continues Fight to Protect American Manufacturing Jobs [Reposted from the site of Rep. Tom Reed (NY 23) | August 12, 2015] Tom Reed is blasting the Chinese government for devaluing it currency, calling it a…
In the December post, Enougher is Enougher: ANOTHER Citi Nominee, I wrote about the nomination of Marisa Lago to be deputy U.S. trade representative: [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 5, 2015] Ms. Lago was Global Head of Compliance for Citigroup’s corporate and investment bank from 2003 to…
For Immediate Release August 13, 2015 Contact: Carolyn Bobb, 202-637-5018 China’s Currency Devaluation Deepens Unfair Trade Practices AFL-CIO President Richard Trumka made the following statement after China’s latest currency manipulation: [Reposted from AFL CIO site | August 13, 2015] China’s recent currency devaluation – by nearly 4% on Tuesday and Wednesday – provides further confirmation…
Australian Minister for Trade and Investment Andrew Robb is putting the onus on the United States, Mexico, Canada, and Japan to resolve amongst themselves disagreements over autos and dairy market access that he said have become the main stumbling blocks to a Trans-Pacific Partnership (TPP) deal, adding that once those are hammered out an agreement…
“What is good for growth in China is unfortunately bad for everybody else.” – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters [Reposted from the Campaign for America’s Future blog | Dave Johnson | August 12, 2015] China on Monday announced it is lowering the value of its…
A CPA member wrote to Senator Dianne Feinstein (D-CA) to ask her why she voted for Fast Track, or “Trade Promotion Authority” (TPA). Sen. Feinstein’s answer reflects the fact that she doesn’t seem to understand that NET exports are desirable. It’s fine to say that exports have increased, but it’s important to look at the…
