Editor’s Note: Glad to see the “trade wars/imbalances = class wars” analysis of Pettis/Klein gain acceptance. But the “Trump trade war failed” line is different, wrong and reduces the author’s credibility. The actual point is the “war” that surplus countries like China and Germany wage on deficit countries as they under consume, overproduce, and offload their…
Editor’s note: This letter by Robert O’Brien and Larry Kudlow to the US Railroad Retirement Board puts every pension fund, index fund, and mutual fund in America on notice that they are engaged in fiduciary malfeasance when investing in Chinese companies. Read the full two-page letter here.
Editor’s note: This is a good article getting at the fundamental causes of trade imbalances. China’s – and other countries’ – consumption suppression means they will export their overproduction and their unemployment. Trade officials are not doing their job if they don’t understand this. By suppressing consumption, China imposes a production glut on the world,…
Editor’s note: The Biden campaign released a plan to rebuild domestic manufacturing. There is recognition that we need to focus upon critical supply chains. However, there is no recognition thus far of the overall trade deficit, trade cheating and the need for tariffs. We are not going to out-subsidize China when looking to re-shore. Joe…
Editors note: Why does Wall St keep pushing to support CCP companies? White House has to intervene again. Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship. [Ana Swanson | July 7, 2020 | NY Times] WASHINGTON — White House officials…
Editor’s Note: The US Department of Agriculture needs to buy American. Billings, Mont. – R-CALF USA has learned that the COVID-19 pandemic has disrupted foreign shipments of millions of radio frequency identification (RFID) cattle eartags the U.S. Department of Agriculture (USDA) had purchased from foreign manufacturers. The USDA had planned to distribute the millions of…
By Jeff Ferry, Chief Economist The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports. It’s the worst monthly trade deficit figure since December 2018. May exports of $144.5 billion were down 4.4 percent on the April figure, while imports of $199.1 billion were only…
Editor’s Note: CPA applauds unanimous congressional action to impose sanctions on China’s Communist regime for imposing its oppressive national security law on Hong Kong, in violation of the 1997 agreement to respect Hong Kong democracy. Bill now heads to President Trump; White House hasn’t indicated whether he supports legislation [Natalie Andrews | July 2, 2020…
Editor’s Note: Today, July 1, the new USMCA comes into force, replacing NAFTA. In this note, USTR Robert Lighthizer explains the expected benefits of USMCA. Landmark trade agreement fulfills core Trump promise to end job-killing NAFTA [The Office of the United States Trade Representative | July 1, 2020 | USTR.gov] Washington, DC – The United…
Editor’s Note: New report documents China’s willingness to use its dominance in rare-earth minerals as leverage against the US. The US needs to accelerate efforts to revive our sole rare-earth mine, in Mountain Pass, California. The metals are used for a variety of advanced technologies, including weapons and computer screens [Timothy Puko | June 29,…
