In the 2016 election, Hillary Clinton, Bernie Sanders, and Donald Trump all recognized that workers and communities have lost trust in the NAFTA approach to globalization. They all said we should manage globalization differently. [Stan Sorscher | April 6, 2018 | The Stand] Over the last few months, Canada, Mexico and the U.S. have had seven meetings…
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President Trump threatened a heavy counterpunch against Beijing Thursday evening, saying he may impose tariffs on $100 billion worth of Chinese goods on top of the Section 301 tariffs his administration is already considering to combat what the U.S. says are illegal intellectual property and technology transfer practices. [Jack Caporal | April 5, 2018 |…
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Washington, DC. The Coalition for a Prosperous America (CPA) today congratulated the Trump administration for standing firm against China’s mercantilism by announcing an additional $100 billion of new potential tariffs, and for instructing the US Department of Agriculture to implement a plan to protect farmers and ranchers from economic aggression. Last month, the administration concluded an…
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Washington, D.C. – U.S. Trade Representative Robert Lighthizer today released the following statement in support of the President’s direction that the Office of the United States Trade Representative (USTR) consider additional measures under Section 301 of the Trade Act of 1974 regarding China’s unfair acts related to technology transfer, intellectual property, and innovation: Office of the…
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Investment-driven growth can broadly occur in the form of one of two models, each with a different way of treating wages and household income. One model, which I will call the high-wage model, incorporates and encourages high wages as the engine behind growth and productivity gains. I will call the other model the high-savings model. In this…
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The Office of the U.S. Trade Representative views China’s $50 billion tariff threat in response USTR’s Section 301 tariff recommendations as “unjustified” and an attempt to “intimidate” the Trump administration, a USTR official said Wednesday. [Jack Caporal | April 5, 2018 | Inside US Trade] The official said there was no deadline to finalize the tariff…
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President Trump announced the U.S. will impose a tax of some $60 billion on imports from China. [Curtis Ellis | April 2, 2018 | WND] This comes as punishment for the deliberate cheating and outright theft of U.S. trade secrets by China’s communist government and after decades of inaction by Washington’s supine politicians from both…
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As President Donald Trump takes trade actions aimed at China, it is important to focus on the long game. It’s not about cars costing $125 more and surely not about the United States going protectionist. [Peter Morici | April 4, 2018 | Marketwatch] America has been in a trade and ideological war with China for…
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By Michael Stumo, CEO of CPA The Coalition for a Prosperous America (CPA) strongly supports the Trump administration’s shift from naive “free trade” to the realpolitik “strategic trade” practiced by most industrial nations. Strategic trade will lead to industrial recovery, better jobs and prosperity in the US. Challenges will arise as we transition from trade…
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The Trump administration Monday told Beijing to focus on fixing its own “unfair trading practices” instead of hitting “fairly traded” U.S. exports with tariffs – the first U.S. reaction to China’s announcement of new duties on 128 U.S. products in response to Section 232 tariffs on steel and aluminum. [April 2, 2018 | Inside US…
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