Trump set to expand rules on buying American products

Editor’s note: This rumored tightening of Buy America rules for government procurement is welcome. There is a strong anti-Buy America group of congressmen and senators that often block similar rules in legislation.  The White House is preparing a new executive order expanding rules favoring American-made products in government projects, according to four administration officials and…

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CPA Op-ed: USDA program a helpful start for U.S. farmers

In response to years of China’s predatory economic behavior, President Donald Trump’s administration recently imposed tariffs on $50 billion worth of high-tech Chinese goods. Beijing has now retaliated against America’s agricultural sector, prompting a $12 billion program from the U.S. Department of Agriculture for affected farmers and ranchers. Some in Washington are criticizing the USDA…

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The U.S. Trade Deficit Isn’t Caused by Low American Savings

Editor’s note: Professor Pettis rebuts the recent, disappointingly bad, article by Joe Stiglitz. Also, on the core of trade deficit causation, Pettis again clarifies how our deficits originate in trade surplus countries – through their practices – and are transmitted here.Economist Joseph Stiglitz recently published an interesting piece in Project Syndicate called “The US is at Risk of Losing…

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China’s Challenge Is America’s Opportunity

Editor’s note: Interesting article by President of MIT. His strategy of more university R&D, however, is silent on location of production. Otherwise its “invent it here, make it there”. Which later becomes “invent it there, too”. American tensions with China over international trade spring partly from concerns that China gives tax breaks to its companies…

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