Agreement close on Buy American program, Klein says; discussions continue

With major issues still unsettled, it would appear there was some movement on Monday on one piece of end-of-session legislation: A Buy American program. [Matthew Hamilton] June 19th, 2017 [Times Union]  Senate Independent Democratic Conference Leader Jeff Klein said legislative leaders and the governor are nearing a three-way agreement on Buy American, a proposal pushed by Gov.…

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UNITED STATES FARMERS FILE SUIT TO REQUIRE COUNTRY-OF-ORIGIN LABELING ON MEAT PRODUCTS

The Ranchers-Cattlemen Legal Action Fund, United Stockgrowers of America (R-CALF USA) and Cattle Producers of Washington (CPoW) have filed a lawsuit in the United States District Court for the Eastern District of Washington Monday against the U.S. Department of Agriculture. The suit alleges that USDA regulations that allow beef and pork to be classified as “domestic products,”…

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Do Savings Rates Cause Trade Deficits?

By Michael Stumo, CEO of CPA, and Jeff Ferry, Research Director Some influential economists misleadingly assert that US trade deficits are caused by American households failing to save enough and also by federal budget deficits. Taking action against strategic foreign economic policies, their story continues, would be futile. This paper comprehensively disproves the savings rate…

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Commerce Secretary Wilbur Ross Talks Trade

One of the most notable political trends over the past 18 months—and one with the potential to affect companies across many industries—has been voter pushback against globalization and free trade. June 18th, 2017 [The Wall Street Journal] Indeed, following the Brexit vote in the U.K. and Donald Trump’s victory in the U.S. presidential election, nations…

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GM Expects To Move 600 Supplier Jobs From Mexico to Texas

General Motors Co. GM +0.32% said Friday it would open a supplier park near its Arlington, Texas, sport-utility factory, resulting in the relocation of about 600 jobs from Mexico to the U.S. and a higher concentration of American-made parts in Chevrolet Suburbans and Cadillac Escalades. [Mike Colias & William Mauldin] June 16th, 2017 [The Wall Street Journal]  Many of those U.S. employees…

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Nearly 14,000 Companies in China Violate Pollution Rules

Environmental inspectors in northern China have found that nearly 14,000 companies, or 70 percent of the businesses they examined, failed to meet environmental standards for controlling air pollution, according to a state news agency report. [EDWARD WONG] June 13th, 2017 [The New York Times] The inspectors working for the Ministry of Environmental Protection came up with those results…

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