Editor’s note: More mainstream writing in favor of industrial strategy. While the article wrongly criticizes the tariff intervention against China, it rightly states that the US should have an industrial strategy. Side note: tariffs are part of industrial strategy, and often cheaper because you can protect industries without subsidizing them. Washington’s focus on ending Beijing’s…
Editor’s note: Trade Ambassador Bob Lighthizer stands strong against the globalists who have killed jobs for many years. At an invitation-only gathering of chief executives in mid-September, Robert E. Lighthizer made his pitch for President Trump’s protectionist trade policy. [David Lynch | November 15, 2019 | Washington Post] Seated between United Parcel Service CEO David Abney…
Editor’s note: China is not just another country. It is a bad actor. It is a threat. Appeasement and engagement failed. Decoupling is needed. And containment. We can no longer enable the Xi regime with trade and investment. More than 400 pages of internal Chinese documents provide an unprecedented inside look at the crackdown on…
Editor’s note: A good piece on why trade deficits and offshoring are stupid and a recipe for national decline. Offshoring by American companies has destroyed our manufacturing base and our capacity to develop new products and processes. It’s time for a national industrial policy. [Sridhar Kota and Tom Mahoney | November 15, 2019 | WSJ]…
Editor’s note: This video by the American Institute of Steel Construction is a vivid illustration of how we wrongly give up whole US industries that pay large numbers of workers well. When we lose those jobs, we diminish the purchasing power of whole communities because wages are pushed down regionally. And we lose innovation for…
Editor’s note. Dangerous Chinese products brought to you by Amazon. Enabled by section 321 de minimis rule that allows higher value tariff free imports than any country in the world. And which CBP has determined takes precedence over Sec 301 China tariffs. https://www.prosperousamerica.org/the_problems_posed_by_e_commerce_without_borders The e-commerce platform has included banned, unsafe, mislabeled products. One reason: It…
Paul Wellborn is the president of the largest family-owned cabinet manufacturing company in the United States. And as he sees it, the Trump Administration’s China tariffs are working. Decades of manufacturing experience have shown Wellborn firsthand that China cheats in order to put U.S. manufacturers out of business—especially by “dumping” product in the U.S. market…
Editors note: It looks like passage of the USMCA may be coming soon. Despite impeachment efforts. A resolution between the Trump administration and House Democrats over the U.S.-Mexico-Canada Agreement is “imminent,” House Speaker Nancy Pelosi (D-CA) said Thursday. [November 15, 2019 | Inside U.S. Trade https://insidetrade.com/daily-news/pelosi-says-usmca-deal-imminent?s=iust] Pelosi earlier this year instructed nine House Democrats to negotiate…
Washington. The Coalition for a Prosperous America (CPA) today announced the launch of a comprehensive new economic indicator, the US Private Sector Job Quality Index (JQI). CPA has partnered with Cornell University, the University of Missouri, and the Global Institute for Sustainable Prosperity (GISP) to unveil a new measure of America’s changing employment situation. The…
Editors note: President Trump‘s speech before the New York economic club is reprinted here. He doubles down on trade intervention as benefiting the economy saying “we are not going back”. [Economy & Jobs | November 12, 2019 | White House] New York Hilton MidtownNew York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you…
