Editor’s summary: This article from a Mexican financial newspaper quotes Luz Maria de la Mora , undersecretary of Foreign Trade of the Ministry of Economy as saying that, now that the USMCA negotiations are complete, Mexico’s industrial strategy should prioritize becoming a platform for importing Chinese goods for production and export to the US. This article…
Trump administration officials have just returned from Beijing after two days of talks meant to resolve China’s aggressive trade and economic cheating. Op-ed by Michael Stumo, CEO of CPA, originally appeared on January 12, 2019 in the Hill President Trump and Chinese President Xi Jinping agreed last month in Buenos Aires to pursue negotiations regarding forced technology transfer,…
Editor’s note: China continues to use its new and ill-gotten wealth to challenge the US militarily. China responded to the latest U.S. Navy freedom of navigation patrol in the South China Sea by declaring it would “take necessary actions to protect state sovereignty” and touting its deployment of nuclear-capable ballistic missiles as a step toward…
Editors note: An article on interesting recent research about the shape of the labor market and the impact of manufacturing loss. More evidence that you cannot build a strong economy based upon jobs only college educated and service workers. For decades, workers migrated to big cities in America that promised abundant jobs and decent wages…
Editors note: this is good news Furniture manufacturer Design Foundry LLC plans to hire more than 200 workers to staff its new factory in North Carolina, state commerce officials announced this week. [Andy Szal | January 10, 2019 |Thomas Net] The facility in Hickory, North Carolina, will produce upholstered furniture as part of a partnership…
Editor’s note: This article, written by a “blue collar conservative”, shows the trade policy divide within the GOP in relation to the globalist conservatives. Trade talks between China and the United States concluded this week with every indication that a deal can be had. Success is still far from a foregone conclusion, and the thorny international issues…
Editors note: Representative Blumenauer has more globalist views of trade policy. Representative Pascrell has stronger fair trade/trade hawk views in comparison. The House Ways & Means Committee will elect its trade subcommittee leadership next week, several members told Inside U.S. Trade on Thursday. [Isabelle Hoagland |January 10, 2019 | Inside US Trade] Democratic Reps. Earl Blumenauer (OR)…
Editors note: This reciprocal tariff bill idea is a good one because the WTO system has locked the United States into treating all trade competitors the same, regardless of whether they have high or low tariffs. Such a bill would also further the end of the WTO system, potentially. President Donald Trump would gain line-by-line power to…
Editor’s note. Ways and Means is considered the most powerful committee in the House. It handles tax and trade as well as other issues. Ten Democratic members have been added to the House Ways & Means Committee. [January 9, 2019 | Inside US Trade] New Chairman Richard Neal (D-MA) announced the additions on Wednesday, saying…
Editor’s note: The most challenging part of the task is structural reforms and enforcement mechanisms. The US had a $376B trade deficit with China in 2017. It worsened last year. The value of a deal the U.S. and China could reach in the coming weeks will depend largely on the enforcement mechanisms China will be…
