China’s Vice President Wang Qishan recently announced that Beijing is ready to have discussions with the United States and “work for a solution” on trade challenges. It sounds impressive, especially since President Xi Jinping just made a similar pledge that China is ready to “advance an open world economy.” Op-ed by Daniel DiMicco originally appeared…
Editor’s note: The International Trade Commission is holding hearings on the US Mexico Canada Agreement (USMCA). Mike Dolan gave the following testimony for the International Brotherhood of Teamsters. Dolan is also on the CPA board. On behalf of 1.4 Million Teamsters, we are grateful to the Commission for the opportunity to describe our hopes and…
Editor’s note: China’s debt trap diplomacy is a means of predation. WASHINGTON (Reuters) – Two prominent U.S. senators expressed alarm on Tuesday about the military and political consequences if China gains control of a port terminal in Djibouti, and said they were concerned it could further boost Beijing’s influence in East Africa. [ Patricia Zengerle…
Editor’s note: The latest on potential tariffs on autos based upon unnamed sources. Michael Schuman, who is based in Beijing, is the author of “The Miracle: The Epic Story of Asia’s Quest for Wealth” and “Confucius and the World He Created.” [ Jennifer Jacobs | November 13, 2018 | Bloomberg] The U.S.-China trade war is looking…
Editors note: we may be getting closer to a massive new trade action, tariffs on incoming automobiles in auto parts based on section 232 national security concerns. The White House is circulating a draft report by the U.S. Commerce Department over whether to impose tariffs on automobile imports to protect national security, three people familiar…
Editors note: The new house Democratic majority is focusing on enforceability of labor provisions in the new US Mexico Canada Agreement. Dems should also start endorsing tariffs and fixing the noncompetitive dollar. WASHINGTON — President Trump’s promise to quickly pass a revamped North American Free Trade Agreement has been upended by the midterm elections, with…
The United Kingdom and the European Union took a big swipe at the United States last week. Both the British government and the European Commission floated the idea of a “digital tax” on Facebook, Twitter, and other tech companies they believe are evading European taxes. But if tax avoidance is the issue — and Europe believes it…
Editors note: the department of commerce is becoming very aggressive with self initiating trade enforcement cases. Wilbur Ross is doing a good job, unlike his immediate predecessors. The Commerce Department on Wednesday announced affirmative final determinations against imports of Chinese aluminum sheet, advancing antidumping and countervailing duty investigations that were self-initiated by the agency last…
By Jeff Ferry, CPA Research Director Three Internet security experts have accused state-owned telecom giant China Telecom of diverting internal US Internet traffic through China. The purpose, apparently, was corporate espionage. According to Doug Madory, an expert on Internet traffic at Silicon Valley software maker Oracle, China Telecom’s network sent out false signals that diverted…
Editors note: this story is important because it again debunks the disproven claim that automation caused manufacturing job losses rather than trade. Looking back, there were two kinds of people who lived in America in 2016: people who believed Donald Trump, and people who believed data. [Gwynn Guilford | November 8, 2018 | Quartz] Trump…
