Editors note: goods producing businesses in the US are all changing their supply chains because of the presidents trade strategy. A new survey of business economists shows that while a majority of companies have not made any changes in response to trade concerns, goods-producing businesses have had to make significant sourcing and supply-chain adjustments. [April…
Editors note: Senator Grassley continues pushing for old-style unilateral trade disarmament by the United States. Didn’t work then and won’t work now. Congress won’t approve USMCA while constituents pay the price for Mexican and Canadian retaliation. [Chuck Grassley | April 28,2019 | WSJ] I’ve represented Iowa in the Senate for nearly 40 years and have…
Editors note: So far, there are no Democrats that are running on an economically strategic trade platform. PITTSBURGH (Reuters) – Former U.S. Vice President Joe Biden will hold his first event as a presidential candidate in Pittsburgh on Monday, speaking before union members whose endorsements may be key in the primary race. [James Oliphant |…
Editor’s note: This ruling impacts whether the US would win a WTO challenge to the administration’s Section 232 tariffs on steel and aluminum, which are based on national security. WTO ruled on whether a country can use an exemption to invoke national security as justification for introducing trade restrictions. [Hans von der Burchard | April…
Editor’s note: A focus on Wall Street aiding and abetting China’s US government lobbying strategy. Perhaps out of concern that his former boss might be pushing Robert Lighthizer and Steve Mnuchin to cave on enforcement, technology transfers and market access for the sake of securing a deal with Beijing, former White House Chief strategist Steve…
Excerpt: “Net exports—exports minus imports—added 1.03 percentage points to the quarter’s 3.2% GDP growth rate.” Higher exports, inventory investment helped offset slower rate of spending by consumers, businesses [Harriet Torry, Sarah Chaney | April 26, 2019 | The Wall Street Journal] Gross domestic product—the value of all goods and services produced in the U.S., adjusted…
Editors note: Huawei does not tell the truth. Huawei, the Chinese tech giant, has fought to dispel accusations that it acts on behalf of the Chinese government. [Raymond Zhong | April 25, 2019 | NY Times] SHENZHEN, China — For one of the world’s largest technology companies, it should be a simple question: Who owns…
Editors note. Dr. Navarro goes to the lion’s den of neoliberal free trade promoters. Peter K. Navarro, director of the White House Office of Trade and Manufacturing Policy, presented his ideas on United States trade policy at the Harvard Kennedy School Institute of Politics Thursday evening. [Danielle J. Kranchalk | April 25, 2019 | The…
Editors note: Global oversupply is one major factor pushing the farm share of the consumer dollar to an all time low. Also the overvalued dollar is a significant cause. [National Farmers Union | April 25, 2019] WASHINGTON – For every dollar American consumers spend on food, U.S. farmers and ranchers earn just 14.6 cents, according to…
Editors note: Amazing that the Wall Street Journal opinion page says that the Western trading regime is not well suited to handle China’s economic system. U.S. industry fades away as state-owned companies undersell the competition. [William A. Galston | April 23, 2019 | WSJ] An understated article in my local paper last week is a…
