Editor’s note: US consumers are paying for China’s ability to engage in military aggression against us. “Last month, Chinese Rear Adm. Lou Yuan told an audience in Shenzhen that sinking a pair of U.S. aircraft carriers would settle issues of sovereignty in the South China Sea. What the United States fears the most is taking casualties,” he said,…
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Editors note: excellent. WASHINGTON (Reuters) – President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal. [Jeff Mason, Steve Holland | February 7, 2019 | Reuters ] U.S. President Donald Trump and China’s…
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By Jeff Ferry CPA Chief Economist Trade data for November 2018 published Wednesday by the Department of Commerce indicates that the Trump Administration’s tariffs may finally be improving our balance of trade. The November goods and services deficit came in at $49.3 billion, 11.5 percent better than October’s figure of $55.7 billion. Equally significant, the…
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Editor’s note. Germany is for free trade so long as it is a massive net exporter. It’s new National Industrial Strategy is more “Germany First” than Trump’s MAGA. [Ruth Bender | Feb. 5,2019 | WSJ] The policy would allow the country to take stakes in strategically significant businesses to protect them from foreign takeovers. It also…
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“Many of our members have been directly impacted by China’s ongoing economic aggression…. “Many of our members have been directly impacted by China’s ongoing economic aggression. In tonight’s State of the Union, we were gratified to hear President Trump reaffirm his commitment to confronting predatory trade. We look forward to working with his administration on…
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Editor’s note: Steel fabrication products were left out of the Section 232 tariffs on steel. The best method of implementing tariffs is to cover the supply chain, so foreign cheating companies are unable to circumvent the tariffs by simply selling downstream products. This petition by the American Institute of Steel Construction seeks to remedy the omission…
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CPA OP-ed: Huawei Case Shows China Keeps Stealing Its Way to Success In 2001, when China joined the WTO and officially entered the world trading system, politicians and economists of every stripe confidently predicted that China would soon become very similar to many other Western market economies… February 6, 2019 In 2001, when China joined…
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Editor’s note: The UAW is making a good move to urge a boycott of GM for offshoring to China while laying off US workers. There are plenty of cars and trucks made by US workers that we can buy. [John Binder | February 1, 2019 | Breitbart] Since GM executives announced the multinational corporation would lay off…
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Editor’s note: And then they cried “wolf” again. This UN report lacks any credibility, ignores trade cheating and ignores global trade imbalances. If a global economic downturn was going to happen with China tariffs, it would have happened. The US and the world will be better off if we fix China’s economic predation and especially…
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Editors note: The money quote, “It was highly unlikely China would agree to new disciplines targeting changes to its trade practices and economic system, the USTR said.” [David Lawder, Chris Prentice | February 4, 2019 | Reuters ] Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be…
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