Editors note: Senator Rubio is doing a great job moving the debate towards a US competitiveness strategy. THE BIG IDEA: Marco Rubio argues that the escalation in the trade war with China stems more from corporate chieftains selfishly seeking big paydays for themselves by agreeing to bad deals with Beijing over the past several years than…
Editors note: Dan DiMicco pushes back against fake trade news on Bloomberg TV. [May 16, 2019 | Bloomberg] Watch the interview here:
By Jeff Ferry and Steven L. Byers, PhD Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and the creation of 721,000 additional jobs. CPA…
Decoupling from China, increased domestic production would boost economy Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. CPA research found that such a move would deliver significant, sustained benefits for the US economy, including the addition…
Editors note: This department of commerce announcement shows the specifics as to how the president’s order to ban Chinese companies from supplying our technology and communications infrastructure will be carried out. FOR IMMEDIATE RELEASE Wednesday, May 15, 2019 News Media Contact: Office of Public Affairs WASHINGTON – Today, President Trump signed an Executive Order:…
Editor’s note: News that Stanley Tools is creating 500 jobs in Texas as it brings Craftsman production back to the USA shows that tariffs are working. Automated Texas factory to produce wrenches and sockets at costs similar to work now done in China [Bob Tita | May 15, 2019 | WSJ] Stanley is investing $90 million…
Excerpt: In addition to disputes around trade and the alleged Chinese theft of U.S. intellectual property, American intelligence chiefs expressed their distrust of Chinese tech giant and Apple rival Huawei as well as Chinese telecom company ZTE. There is “no chance” President Donald Trump is going to back down in the U.S. trade war with China, former…
Editor’s note. A historical perspective of ag prices. An agro industry strategy that addresses farm prices is needed. The WTO prevents such a strategy, but whether the WTO survives the near future is an open question. Though the 2018 mid-term elections are still in the rearview mirror, the 2020 presidential election campaign is in…
Editor’s note. Brad Setser discusses his take on the exchange rate implications of the US-China trade skirmish. Whither the yuan. [Brad W. Setser | May 10, 2019 | Council on Foreign Relations] Until this past week, it looked like the United States and China were heading toward a deal. Not a great deal, but a deal.…
Excerpt: “In order to reduce our trade deficit — one of the big objectives of this administration — we need to deal with China as an entity, and we need to deal with automotives as a product line,” Secretary of Commerce Wilbur Ross said. Commerce Secretary Wilbur Ross said autos share equal blame with China for the U.S.…
