Editor’s note: Letting China into the World Trade Organization was a mistake. The explosive growth in the U.S. trade deficit that came from China joining the World Trade Organization cost an estimated 3.4 million jobs, according to a new report released Tuesday. The study of the impact in the growth in the trade deficit between…
Editors note: The report below notes that China exports advance manufactured goods to Latin America and imports low value, cyclical products which are an economic problem for that region. The same is true with regard to the US-China trading relationship. We export commodities and import value added products, like banana republic The U.S.-China Economic and…
Editor’s note: This factory is not going to China. Congratulations to Dutchland Plastics and Canastota NY. Canastota, N.Y. — Dutchland Plastics has opened a factory in Canastota that the company says will create 42 new jobs. Dutchland CEO Randy Herman, Canastota Mayor Carla DeShaw, state Sen. David Valesky, Assemblyman Bill Magee and other state and…
Editors note: WTO Is in trouble and there is no obvious way out. It may be worth thinking about what the world looks like without the world trade organization. The U.S. ambassador to the World Trade Organization on Tuesday warned WTO members against letting discussions about reforming the multilateral trading system get in the way of…
Editor’s note: The US should not accept just any deal. The EU trade surplus with $442B last year, the biggest surplus of any economic region on the globe. If we don’t impact the trade imbalance, tweaking certain rules will not be worth the time to negotiate. BRUSSELS — Commerce Secretary Wilbur Ross said Wednesday that…
Withdrawal from international postal body will help to level playing field for US producers Washington. The Trump administration has announced a plan to phase-out longstanding US postal service discounts for Chinese companies. The Coalition for a Prosperous America (CPA) praised the move as a sensible step toward ending preferences for foreign manufacturers. “This is…
U.S. starts process to withdraw from a 144-year-old international postal body Editor’s note: CPA has been in contact with White House officials supporting this move to end the US postal system subsidization of Chinese commercial packages. WASHINGTON—The Trump administration opened a new front in Washington’s economic conflict with China, starting a process Wednesday to withdraw from…
Editor’s note: CPA regularly monitors trade enforcement actions. Any CPA members are welcome to join our Trade Enforcement Committee which meets by phone approximately every 6 weeks. FOR IMMEDIATE RELEASE Friday, October 12, 2018 Office of Public Affairs (202) 482-4883 [email protected] The U.S. Department of Commerce announced the initiation of a new antidumping duty (AD)…
Editor’s note: The exact timing and procedure of voting on the USMCA remain unclear. Ordinarily it would be next year, but it could be this year. The U.S. International Trade Commission on Friday launched an investigation into the likely economic impacts of the U.S.-Mexico-Canada Agreement, a key element of the process — and timing —…
Editor’s note: Looks like Mexico may risk upsetting the USMCA by negotiating with China sometime after their new president takes office. Despite a provision in the U.S.-Mexico-Canada Agreement that poses a “hurdle,” Mexico is “quite likely” to open trade talks with China over the next few years, the chief NAFTA negotiator for the incoming Mexican…
