While California isn’t Trump country, Californians may find a curious silver lining in the president’s recent actions on trade, particularly with China. In part, that’s because the trade issue doesn’t cut cleanly down party lines. Most of California’s Democratic delegation is ostensibly with the president on trade — and they share his opposition to free…
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Dan DiMicco, Chairman of CPA: “The Trump administration framework deal with China, as reported this weekend, is on the wrong track. China has agreed to buy commodities that it would buy anyway. The deal does nothing to reduce the US trade deficit, grow American jobs, or boost domestic manufacturing. The Section 301 tariffs are designed…
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Over the past two decades, US farmers and manufacturers have struggled mightily against subsidized competition from overseas. Almost 5 million factory jobs have disappeared since 2000, including almost 300,000 in Illinois alone. This decline in good jobs has been particularly evident in America’s steel sector, with massive overproduction in China driving a global steel glut that has…
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Address by Michael Stumo, CEO, the Coalition for a Prosperous America (CPA), to the John William Pope and Jesse Helms Center Foundations. May 11, 2018, Raleigh, NC. Foreign Policy, Trade, and Energy Challenges in the Age of Trump. Trump and “The American System” of Economics that We have Forgotten Alexander Hamilton was the father of…
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Analysts and former federal officials said on Monday that the U.S. must decrease its dependence on Beijing for components of essential medicines and called for congressional action to incentivize U.S. pharmaceutical production. [May 7, 2018 | Inside US Trade] “Eighty percent of the active ingredients in medicines come from China and India,” Rosemary Gibson, senior…
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In the wake of President Donald J. Trump’s decision to impose modest tariffs on Chinese steel imports, a deluge of ostensibly “conservative,” Reagan-era think tanks began zealously parroting an archaic and repeatedly disproven boogeyman of the Eastern intellectual establishment: that tariffs are inherently evil and caused the Great Depression. [John Griffing | May 7, 2018 | WND]…
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By Jeff Ferry, CPA Research Director For decades, economists have taught David Ricardo’s Law of Comparative Advantage as if it is an absolute law. But the tide is turning, as some highly respected economists are now moving away from the doctrinaire position that all free trade is always good everywhere, and they begin to acknowledge…
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“This is Orwellian nonsense and part of a growing trend by the Chinese Communist Party to impose its political views on American citizens and private companies,” Sanders said. She said the Trump administration is calling on China “to stop threatening and coercing American carriers and citizens.” Japan Times News Beijing has dismissed the White House’s criticism of China’s…
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The battle lines are drawn in the trade war with China, and President Donald Trump can expect little support from the high tech and financial sectors or the economics profession. They argue the U.S. is doing quite well. [Peter Morici | May 7, 2018 | MarketWatch] Donald Trump has lifted growth to 2.9% a year…
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China has long prosecuted a trade war against American industries and workers. Finally, we have a president willing to take up arms but he is widely disparaged by academic economists — who are generally sympathetic to the resist Trump movement and prescribe more Obama-era appeasement. [Peter Morici | May 3, 2018 | Washington Times] Supported, for…
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