On December 3, the U.S. Department of Commerce announced the initiation of antidumping and countervailing duty investigations on melamine from the People’s Republic of China and the Republic of Trinidad and Tobago. [Reposted from the King & Spalding blog | Erienne Kilgore & Joshua Snead | January 6, 2015] The petitions were filed on November…
U.S. Customs and Border Protection (CBP) issued its first “AD/CVD Update” in December 2014. The AD/CVD Update provides information regarding CBP’s activities to collect antidumping (AD) and countervailing duties (CVD) from U.S. importers that attempt to evade their payment. [Reposted from the King & Spalding blog | P. Lee Smith | January 6, 2015] CBP’s…
The Trans-Pacific Partnership is a disastrous trade agreement designed to protect the interests of the largest multi-national corporations at the expense of workers, consumers, the environment and the foundations of American democracy. It will also negatively impact some of the poorest people in the world. [An Update from Senator Bernie Sanders | January 5, 2014]…
The Revitalize American Manufacturing and Innovation (RAMI) Act was included in the $1.1 trillion omnibus FY 2015 spending bill signed into law by President Obama last month. [Reposted from the King & Spalding blog | Lauren M. Donoghue | January 6, 2015] The RAMI Act passed the House in September, but had been held up…
http://www.wsj.com/articles/dollar-surges-to-11-year-against-biggest-rivals-1420221525 The dollar kicked off 2015 by rallying against other major currencies, underscoring heightened expectations for robust U.S. growth in the new year relative to the rest of the world…..or trouble for the economy……. [Reposted from the blog of Dan DiMicco | Dan DiMicco | Jan 6, 2015] The article correctly points out the negative…
The United States failed to achieve a doubling of exports between 2009 and 2014, as promised in President Obama’s National Export Initiative (NEI). It wasn’t even close. Total U.S. goods and services exports increased by less than 50 percent ($766 billion, or 48.4 percent) between 2009 and 2014 (estimated), as shown in the figure below.…
Many of the same leaders who complain about Chinese censorship quietly accept the censorship themselves. Ten years ago I wrote a book called “That’s China.” It told the story of how the magazine publishing business that I built in China, fighting all the way, mostly with the government bureaus that controlled media, was taken…
Michael Froman, the United States trade representative, is confident he can persuade Congress to approve a long-pending agreement that encompasses 12 countries. WASHINGTON — For Michael B. Froman, President Obama’s chief evangelist for expanding global trade, skepticism comes with the territory. [by Mark Landler and Jonathan Weisman | December 30, 2014 | NY Times]…
When Congress comes back to work early next year, Trade Promotion Authority (“TPA”) is likely to be high up on the Congressional agenda, and it is something the President and Congress can work together on. The basic concept of the law is simple. [Reposted from the Huffington Post | Gil Kaplan | December 30, 2014]…
Jobs are slowly coming back to Ohio from abroad after decades of offshoring that devastated the manufacturing industry and the middle class. [by Steve Bennish | December 21, 2014 | Dayton Daily News] It’s not clear yet when — or if — a tipping point will be reached when reshoring catches up to offshoring. But…