Editor’s note: Well said Dr. Navarro. Navarro says coronavirus is ‘wake-up call’ to create American pharmaceutical supply chain [James Politi | February 12, 2020 | FT] Peter Navarro, a senior trade adviser to Donald Trump, has urged the US to reduce its reliance on pharmaceutical and medical supply imports from China and the rest of…
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By Jeff Ferry, CPA Chief Economist The Section 232 steel tariffs are reducing the volume of steel imported into the US, providing breathing space for the US industry, which is expanding. The latest data on steel production, imports, and investment show the steel tariffs, enacted in March 2018 are delivering results for steel companies and…
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Michael Stumo is CEO of the Coalition for a Prosperous America. America’s manufacturers are using more metals and minerals than ever, but the permit process to launch new mines has stretched to at least seven years. [Michael Stumo | February 12, 2020 | Tennessean] According to federal data, Tennessee enjoys some of the most affordable…
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Editor’s Note: Even as the trade deficit with China was reduced, the deficit with Europe increased by 5.4% last year. WASHINGTON (Reuters) – An emboldened President Donald Trump has set his sights on restructuring the more than $1 trillion U.S. trade relationship with the European Union, raising the specter of another major trade war as…
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Editors note: We definitely need an agro industry program to bolster rural America. Especially to shield agriculture from trade conflict retaliation by foreign countries when the government goes to bat for manufacturing. However we do NOT need to subsidize foreign or domestic multinational agribusinesses. Lawmakers want to know why a Brazilian-owned company got payments from…
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Editors note: Chinese and multinational companies continue cheating. Customs enforcement and tighter laws are needed Many save by tweaking assembly and shipping processes rather than by moving operations to U.S. [Katy Stech Ferek | February 6, 2020 | WSJ] WASHINGTON—Many U.S. companies are maneuvering to sidestep tariffs on Chinese imports, trade lawyers and logistics consultants…
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Editor’s note: The Chinese are cheating by producing products with banned carbon tetrachloride. We need to find out what supply chains use that chemical and ban them from US import. Despite being banned in 2010, about 40,000 tons of carbon tetrachloride, an ozone-depleting compound, are still emitted into the atmosphere every year. But the origins of…
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Editor’s Note: Adopt Sales Factor Apportionment taxation and this tax litigation becomes irrelevant. Because internal profit shifting becomes irrelevant. Simply tax MNC global profit in proportion to sales occurring in US. Ignore subsidiaries. Government challenges social-media giant’s transactions with its Irish subsidiary [Richard Rubin | February 8, 2020 | WSJ] Facebook Inc. FB 0.03% and the…
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Long-overdue rule says currency undervaluation is a trade subsidy Washington. The Coalition for a Prosperous America (CPA) today stated its appreciation for a new Department of Commerce rule that would impose countervailing duties on imports benefiting from foreign currency undervaluation. CPA has long supported such action and was a key advocate for House and Senate…
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By Steven L. Byers, PhD and Jeff Ferry The US trade deficit in goods and services fell for the first time in six years in 2019. That’s according to US Commerce Department figures which showed our trade deficit dropped 1.7 percent to $616.8 billion in 2019. The drop in the deficit was all the more…
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