The U.S. Census Bureau reported that the annual U.S. trade deficit in goods and services increased from $504.8 billion to $566.1 billion from 2016 to 2017, an increase of $61.2 billion (12.1 percent). The rapid growth of the overall U.S. trade deficit reflects the failure of Trump administration trade policies to materially affect trade flows in…
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American schools that coordinate with the Chinese Ministry of Education should end their agreements because they are trying to teach a warped version of history that benefits the government, Sen. Marco Rubio, R-Fla., warned Monday. [Joel Gehrke | February 5, 2018 | Washington Examiner] Rubio asked several schools in his state to shutter the Confucius…
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By Jeff Ferry, CPA Research Director The US trade deficit last year surged 12.1%, rising at three times the rate of nominal GDP growth, hampering US economic performance, employment levels, and incomes. The Department of Commerce reported this morning that the US trade deficit in goods and services came in at $566.0 billion, an increase…
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by Michael Stumo, CEO of CPA The big news this week is that the annual US trade deficit increased in 2017 by 12% over 2016. Here are five reasons you should care. 1. Your stock market gains could be at risk – The economy that really matters—the jobs and industries that support middle class families across the…
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In her latest book chronicling the state of U.S. manufacturing and the policy changes needed to shore up the sector, Michele Nash-Hoff, a contributor to IndustryWeek, notes that one of her ancestors was Paul Revere. While Nash-Hoff has not been galloping through the Massachusetts countryside warning of British troops, she has been crisscrossing the United States in…
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China and Russia are developing anti-satellite missiles and other weapons and will soon be capable of damaging or destroying all U.S. satellites in low-earth orbit, according to the Pentagon’s Joint Staff. [Bill Gertz | January 30th, 2018 | Free Beacon] The Joint Staff intelligence directorate, known as J-2, issued the warning in a recent report…
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Canada is “willing to walk away from NAFTA if the United States offers a bad deal,” Prime Minister Justin Trudeau said on Friday. [February 2, 2018 | Inside US Trade] At a town hall meeting in British Columbia, Trudeau was asked about the state of the NAFTA talks and reiterated that Canada was “not going to take…
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By Jeff Ferry, CPA Research Director It may have been obscured by the looming State of the Union address, but there was quite a kerfuffle in Washington recently. Clinton-era Treasury Secretary Larry Summers went semi-ballistic over comments made by his successor, Steven Mnunchin. During the recent World Economic Forum in Davos, Treasury Secretary Mnuchin made…
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Washington ~ President Trump’s first State of the Union speech continued his administration’s “America First” approach. Specifically, the president addressed a new trade policy in which “the era of economic surrender is over.” The Coalition for a Prosperous America’s (CPA) Chairman, Daniel DiMicco said “The President’s speech was very powerful and spoke to the real…
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America has also finally turned the page on decades of unfair trade deals that sacrificed our prosperity and shipped away our companies, our jobs, and our Nation’s wealth. Originally appears on WhiteHouse.Gov STANDING UP FOR AMERICAN INTERESTS: President Donald J. Trump is standing up for American interests and protecting American economic and national security by…
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