Excerpt: Dan DiMicco, a former steel executive and trade adviser to Trump’s 2016 campaign, said the president’s base wants him to maintain a tough position on trade, even if it causes some short-term economic head winds. “He believes that this trade issue is as important as the economy because they’re totally related,” he said. “He’s going…
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Excerpt: “China reneged on a dozen things, if not more … The talks were so bad that the real surprise is that it took Trump until Sunday to blow up.” WASHINGTON/BEIJING (Reuters) – The diplomatic cable from Beijing arrived in Washington late on Friday night, with systematic edits to a nearly 150-page draft trade agreement…
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By Jeff Ferry, CPA Chief Economist On April 30th, global wireless telecom company Vodafone went public with a statement to Bloomberg News saying that the London-based wireless provider found “hidden backdoors,” i.e. multiple security flaws in the wireless network supplied by Chinese network provider Huawei. The problem first surfaced in 2011 when Vodafone engineers found “backdoors”…
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Excerpt: “Stumo sees China as an economic predator, if not on the level of the Soviet Union quite yet, then at least headed there.” The trade talks may end. But the trade war will never die. [Matt Petterson | May 7, 2019 | The Atlantic] Robert Lighthizer, the U.S. trade representative, is no one’s idea of…
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Editors note: Every product we buy carries a country of origin label, except food. Because the globalist multinational import lobby opposes telling consumers where their food is from. PATERSON, Wash. —Fifty-mile-per-hour winds and snow drifts seven feet deep greeted Ted Wishon when he checked on his cattle herd, hunkered down on a hillside along the…
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Editor’s note: The US has tried to prevent the serial technology thief, Huawei, from building 5G and other communications systems in the US and across the world. Prime Minister Theresa May of the UK inexplicably made a deal with Huawei to build out the British 5G network. This article shows why… because Huawei will build…
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CPA Praises Hike in Tariffs on Chinese Imports Tariff increase provides negotiating leverage, helps domestic manufacturers Washington. The Coalition for a Prosperous America (CPA) today strongly praised the Trump administration’s decision to increase tariff rates on $200 billion worth of imports from China. President Trump had previously delayed a planned tariff increase—scheduled to take effect…
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Editors note. The US decision to quit the job of eating global overcapacity means that other countries must wrestle with the decision of whether they want that job. Increased tariffs designed to protect the U.S. steel industry are starting to have international repercussions in unexpected places with Malaysia launching an anti-dumping investigation into steel imported…
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Excerpt. “Forget the formal structure of “trade”—tariffs, quotas and the like. They don’t matter much when the bulk of China’s imports are carried out by state owned companies, or by private companies that can only import with a license from China’s state.” So long as the bulk of China’s imports from the United States (and many…
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Editors note. Administration continues increasing trade enforcement. Today, the U.S. Department of Commerce announced the initiation of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether ceramic tile from China is being dumped in the United States and to determine if producers in China are receiving unfair subsidies. [May 1, 2019 |…
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