Trump administration details blueprint to rebuild key manufacturing sectors Washington. The Coalition for a Prosperous America (CPA) today said the Trump administration’s new report on vulnerabilities in the US defense industrial base is welcome and critical to national and economic security. The new report offers a comprehensive assessment of the state of defense manufacturing in the United…
New trade data from the Department of Commerce shows that America’s trade deficit continues to rise, with the August seasonally-adjusted deficit of $53.2 billion rising 6 percent above the July figure and a staggering 20 percent worse than the August 2017 figure of $44.2 billion. On a year-to-date basis, the trade deficit is running at $391 billion,…
Editor’s note: This article shows breathtaking infiltration by “strategic competitor” China. It is Soviet style espionage and justifies further aggressive steps to decouple our trade relationship. WASHINGTON—White House officials are betting that concluding a trade deal with Mexico and Canada will give them more ammunition in their high-stakes battle with China on economic issues and national security.…
Editors note. This report will be very big when it comes out. The trade conflict with China Will continue for a long time. A U.S. Defense Department-led review ordered by President Donald Trump concludes that the Chinese government is deliberately leveraging its monopoly on certain key natural resources to undermine the U.S. defense industrial base,…
See the video here. Thank you, Ken, for that kind introduction. To the Members of the Board of Trustees, to Dr. Michael Pillsbury, to our distinguished guests, and to all of you who, true to your mission, “think about the future in unconventional ways” – it’s an honor to be back at the Hudson Institute.…
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…
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…
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…
“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…
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…