President Trump often criticizes the way other countries keep taking advantage of the United States. And he’s right. There is an inherent unfairness in how other countries trade with America. For decades, the U.S. has generously imposed low tariffs on imports. But in response, other countries continue to levy hefty tariffs on U.S. goods. Op-ed…
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Editors Note: The “tiny screw story” actually shows why we need the whole supply chain, not just a couple pieces that are sexy. The popularity of service-economy-only policies have many many consequences. SAN FRANCISCO — Despite a trade war between the United States and China and past admonishments from President Trump “to start building their…
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Editors note: this bill would be a significant challenge to the WTO most favored nation status system. While the bill does not have sufficient support to move, it may provide an education tool to move towards a new Way of managing international trade. [January 24, 2019 | Inside US Trade] Rep. Sean Duffy (R-WI) on Thursday…
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Editors note: China once again reveals that western hopes of openness and cooperation are futile. Time to consider systematic economic decoupling and protecting agriculture (which is subject to retaliation) through domestic programs. Trade talks are futile. SHANGHAI — Under China’s president, Xi Jinping, the last vestiges of the global internet have slowly disappeared from an online…
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Urges Congress to consider pro-American tax reform Washington. The Coalition for a Prosperous America (CPA) is asking Congress to improve the federal tax system to promote US trade competitiveness. In a letter to both the Senate Finance and House Ways & Means Committees, CPA pressed for consideration of both a destination-based Sales Factor Apportionment tax…
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Editor’s note: Wilbur Ross says that talks with China will be very difficult to resolve by March 2, the deadline before tariffs raised rom 10% to 25% on $200B of imports from China. He says the US is seeking structural reforms that take years to implement.
Charlotte Pipe and Foundry in North Carolina accuses a state-subsidized Chinese competitor of stealing their 117-year-old name and trademark and dumping inferior products in world markets; William La Jeunesse reports from Los Angeles.
Editors note: This article is very very important. Read it twice. In its quest to dominate global markets, China is upending the rules that make them run in the first place. Beijing’s mercantilist strategy—using revenue from cheap exports to finance railways, ports and other footholds in its client states—is disrupting the international trade system. Left…
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Editor’s note: China tariffs creating more jobs in the USA, this time from a German company wanting to avoid import tariffs. Germany’s Kion Group AG plans to expand its factory in Summerville, S.C., in a move to escape a 25% tariff the U.S. levied on forklifts imported from China. [ Nina Trentmann | Jan. 18, 2019 | WSJ] About half…
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Editors note: another step down the path of WTO irrelevance. The U.S. is stepping up its involvement in the debate over reforming the World Trade Organization and questioned the Geneva-based body’s policies that allow China to benefit from rules meant to bolster poorer nations. [Bryce Baschuk | January 16, 2019 | Bloomberg] The U.S. published a…
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