Memo: USMCA Rules of Origin, Further Details

By Jeff Ferry, CPA Research Director The USMCA Agreement contains rules of origin for the automotive industry that will have a wide-ranging effect on the auto industry.  They should be beneficial for US automakers, their suppliers, and autoworkers. At the headline level, automobiles will only be considered originating in North America and tariff-free if 75%…

Details

How the U.S. Can Rebuild Its Capacity to Innovate

Editor’s note:  The US needs an industrial strategy. Our fear of picking winners is not shared by East Asia or Germany. Many U.S. firms have long had a simple mantra: “Invent here, manufacture there.” But, increasingly, those same companies are now choosing to invent as well as manufacture abroad. From automotive to semiconductors to pharma to clean energy, America’s innovation centers have…

Details

US Manufacturing Resurgence is Broad-Based

By Jeff Ferry, CPA Research Director Manufacturing employment in the US has now shown year-on-year growth of more than 250,000 employees for six consecutive months, the largest and most sustained manufacturing job growth we’ve seen since 1998. Manufacturing employment may finally be on the path to a real recovery from the severe downturn that began…

Details

US Trade Deficit Hits $54 Billion in September

Widening Trade Deficit Contrasts with Strong Jobs Picture, as China Trade Deficit Sets Another Record   The federal government’s employment report for October showed the US economy continues to perform strongly, with job growth of 250,000 in the month, including 32,000 added manufacturing jobs. Unemployment continues to be low and the labor force participation rate…

Details

Observations from Washington

Editors note: this article details why the US trade Representative‘s office is the most effective agency in the administration. As announced earlier, I spent the last two weeks or so traveling about. Most of that was in Washington and its environs. While in DC I had the opportunity to brunch, coffee break, and do all…

Details

AFL-CIO has ‘serious doubts’ that labor rules in USMCA will be effective

Editor’s note: Labor unions will be important as to whether the Democrats support the US-Mexico-Canada Agreement. There will be significant jockeying as this deal comes up for a vote next year.  Labor provisions in the U.S.-Mexico-Canada Agreement, while an improvement over the original NAFTA, are unlikely to make a “meaningful difference” for North American workers,…

Details

Chinese Intelligence Officers and Their Recruited Hackers and Insiders Conspired to Steal Sensitive Commercial Aviation and Technological Data for Years

Editor’s note:  Even more Chinese commercial espionage. Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, October 30, 2018 Chinese intelligence officers and those working under their direction, which included hackers and co-opted company insiders, conducted or otherwise enabled repeated intrusions into private companies’ computer systems in the United States and abroad for…

Details