Excerpt: “The FBI has said in the past that nearly every one of the agency’s 56 field offices have investigations into economic espionage tied to China.” WASHINGTON (Reuters) – A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according…
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…
Excerpt: “GOP globalists are a big threat to the economic recovery,” Stumo said. “President Trump’s nomination team needs to have a litmus test to screen out globalists when considering appointees. The president should now be tweeting about these America Last FTC commissioners as vigorously as he tweets against the Federal Reserve.” President Trump’s hand-picked appointees for the Federal Trade…
Editor’s note: AT&T’s reliance on Huawei, a predatory Chinese government influenced company, is all the more reason to ban its products in the US. U.S. company and rivals use Chinese vendor’s equipment to run wireless networks across Mexico; ‘We just continue supplying them’ [Drew FitzGerald | April 16, 2019 | WSJ] U.S. officials have told telecommunications…
Editor’s note: China’s military rise is funded by their trade surplus with the US. Conversely, the US containment strategy against the USSR bankrupted them. Adm. Phil Davidson sent letter to Senate Armed Services Committee faulting shortage of ‘immediate and necessary resources’ [Gordon Lubold | April 17, 2019 | WSJ] WASHINGTON—The commander in charge of U.S.…
Editors note: Not good. WASHINGTON — A strange dynamic has gripped the Federal Trade Commission: President Trump’s biggest allies are the Democrats.In a vote made public Wednesday, the commission’s two Democratic appointees voted to impose financial penalties on companies the agency found violated federal law by falsely marketing their products as “Made in America” when,…
Editor’s note: The International Trade Commission report on the US Mexico Canada Agreement is out. It finds that a modest boost to employment and output will result. The administration is readying implementing legislation for Congress to vote on in an up or down manner. Whether Speaker Pelosi will allow a vote, despite Fast Track provisions,…
Editor’s note: USTR released its own analysis of the impact of the USMCA on the auto sector due to its rules of origin changes. This report comes ahead of a statutorily mandated International Trade Commission report on the agreement. Click here to view online USTR NEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 …
Editor’s note: China’s request to be considered a “market economy” is yet another example of the persistent deceit of the country’s leadership. The World Trade Organization decided that China didn’t automatically qualify for market-economy status in 2016 as Beijing has asserted, according to two people with knowledge of the case, handing a major victory to…
Excerpt: “China’s authoritarian government, size, and anticompetitive intent are more problematic than the ownership structure of the companies in question. The government can fund them, without having them be profitable, as long as it likes. And it can control them without owning them.” [Beth Baltzan | March 7, 2019 | American Phoenix] Much has been made of…