Editors note: China never wanted to be like the US. As country’s economy and global reach expand, it doesn’t feel the need to adapt for Western acceptance [Gerald F. Seib | May 27, 2019 | WSJ] Since the great opening to China in the 1970s, successive U.S. administrations have operated under the belief that China…
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Editors note: This is a great list of at least one item that is made in America in every one of the 50 states. And Washington D.C., too! [John Del Rosario | June 29, 2017 | Popular Mechanics] Moving manufacturing overseas may be easier. It may be cheaper. But that doesn’t mean everyone is doing…
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Editor’s note: Even textile production is moving back to the US. The history of Wrangler blue jeans is rooted in America. The Greensboro, N.C., company first introduced its authentic western jeans to America’s cowboys in 1947 and eventually became one of the United States’ most popular brands. [JEFFREY BONIOR | May 23, 2019 | Alliance for American…
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Editor’s Note: This article explores the human cost of NAFTA and the decisions made by General Motors to offshore production to Mexico. Rick Marsh worked in the car plant in Lordstown his entire life. Now that job is gone. What does that mean for his politics? [Sabrina Tavernise | May 27, 2019 | NY Times]…
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Editor’s note: China jawboning the market to prevent yuan depreciation. And stating that they will shift to domestic consumption, which is what the US wants, rather than their reliance on US consumption for growth. Of course you can never take CCP statements at face value. BEIJING (Reuters) – China’s banking and insurance regulator said on…
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Excerpt: “Fear of making waves also led senior management at Sunnyvale, Calif.-based optical networking firm Infinera Corp. to pull back from a plan to file a trade case seeking U.S. tariffs to penalize Huawei, says Jeff Ferry, a former executive at the firm. Mr. Ferry says he had compiled evidence a decade ago showing that…
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Editor’s note: Fed economists’ model needs more work. The Federal Reserve’s latest study of the Trump administration’s China tariffs estimates that they will cost the average U.S. household $831 a year. [John Carney | May 24, 2019 | Breitbart] The Fed economists, however, make a significant error that fundamentally undermines their findings. They assume that…
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Editors note: Trade intervention policy is now shifting to include currency. The Trump administration is proposing tariffs on goods from countries found to have undervalued currencies, in a move that would further escalate its assault on global trading rules. [Shawn Donnan and Jenny Leonard | May 23, 2019 | Bloomberg] The proposal, laid out in a Federal…
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Editor’s note: Providing immediate relief to family farms and ranches is a good move because the rural economy is in very, very bad shape. Trade has some impact, varying depending upon the commodity, while the overvalued dollar and global oversupply are bigger factors needing to be addressed with an agro-industry strategy. President suggests Huawei Technologies…
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Editor’s note. This is a problem. House Minority Leader Kevin McCarthy (R-Calif.) blocked a bipartisan attempt to limit Chinese companies from contracting with U.S. transit systems, a move that benefited a Chinese government-backed manufacturer with a plant in his district, according to multiple people familiar with the matter. [Damian Paletta and Erica Werner | May 21, 2019…
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