By Jeff Ferry, CPA Research Director The three magic numbers for understanding the new US-Mexico-Canada trade agreement (USMCA) negotiated by the Trump administration are 16, 16, and 6. Those numbers provide insight into a trade agreement that is conceptually revolutionary in the context of previous US trade agreements. Donald Trump was elected president by voters…
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Free traders predicted economic armageddon from new tariffs on steel, aluminum and Chinese products. But, with the significant exception of agriculture, CPA members’ businesses are booming. They are raising wages, investing in new equipment, reopening production lines and seeing production move back from China. The unemployment rate has dipped to 3.9 percent. US manufacturing employment…
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Reliable Enforcement of Workers’ Rights is Necessary for Union to Back Deal (WASHINGTON) – The following is a statement from Teamsters General President Jim Hoffa in response to the release of reports from the Advisory Committee for Trade Policy and Negotiations (ACTPN) and Labor Advisory Committee (LAC) today regarding the finalizing of a new North…
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“White Paper” Offers Cliches and Feelgood Rhetoric, Not Substance By Jeff Ferry, CPA Research Director Last week, China’s State Council, effectively the Cabinet of the Chinese government, issued a “White Paper” on trade, to argue its case in front of the world that China is playing by the rules of free trade and the current…
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FOR IMMEDIATE RELEASE WASHINGTON – In a break to what has been more than a year of feuding and tense negotiations, the U.S. has reached an agreement with Canada and Mexico on a new trade pact, the U.S.-Mexico-Canada Agreement (USMCA). While announcement is a bit of welcome news to family farmers and ranchers who are…
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Washington. The Coalition for a Prosperous America (CPA) today congratulated the Trump administration’s achievement of a new trade agreement between the United States, Mexico, and Canada. The newly announced deal improves many of the provisions contained in the previous North American Free Trade Agreement (NAFTA). CPA Chairman Dan DiMicco said, “I want to thank President Trump…
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Editor’s note: Remember this article the next time you hear someone say China is a free trade country. Members of the Communist Party of China (CPC) will be expelled from the Party if they openly adhere to bourgeois liberalization online, according to the newly revised regulations on Party disciplinary action that will take effect in…
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The White HousesOffice of Press SecretaryFor Immediate Release September 26, 2018 Editors note: This is an on-the-record script of a call between USTR Robert Lighthizer and National Economic Council, Larry Kudlow, on what to expect on trade between the US and Japan. 309 P.M. EDT MS. WALTERS: Okay, with that, we are going to start…
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Editor’s note: The full text of the joint statement of President Trump and Prime Minister Abe is below regarding an intent to enter into bilateral trade agreement negotiations. THE WHITE HOUSEOffice of the Press SecretaryFOR IMMEDIATE RELEASESeptember 26, 2018 1. On the occasion of our Summit Meeting in New York on September 26, 2018, we, President…
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A majority of poll respondents support the China tariffs or giving them more time. [ELIZABETH BROTHERTON-BUNCH | September 20, 2018 | Alliance for American Manufacturing ] It’s fair to say that many D.C. insiders — particularly establishment Republicans — aren’t particularly fond of President Trump’s tariffs on Chinese imports. But outside the beltway, a sizable majority of…
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