The usually sensible Brad DeLong is very unhappy with those who oppose the agenda that has passed for globalization over the last three decades. He argues that people are foolish for believing that globalization has had a major impact on employment and the distribution of income in recent years. I’ll take the side of Brad’s “fools” in…
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Even as regulators at home and abroad block deals, Chinese acquirers will spend $1.5 trillion buying companies abroad in the next decade, 70%more than the previous 10 years, Linklaters LLP said in a report on July 8. [Sarah Syed | August 08, 2017 | Industry Week] Government policies encouraging Chinese companies to invest in manufacturing…
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CPA welcomes and supports the tough approach on trade in the Democrats’ new policy document announced last week. Entitled “A Better Deal on Trade and Jobs,” the new policy document focuses on the large costs to US workers and companies of unfair trade practices and the huge, sustained US trade deficit. It proposes a broad…
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The Coalition for a Prosperous America welcomes and supports the Trump administration’s planned investigation of China’s trade practices under Section 301 of the 1974 Trade Act. According to press reports, the Trump Administration is close to launching an investigation that would likely focus on Chinese trade practices that violate the intellectual property (IP) rights of…
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By Jeff Ferry, CPA Research Director New trade figures from the Department of Commerce show the US international trade picture continues to deteriorate. The US trade deficit in June hit $43.6 billion, almost the same as the year-ago June level of $43.8 billion. But for the first half of this year, at $276.6 billion, the…
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White House trade adviser Peter Navarro said this week that the Trump administration’s trade moves over its first six months will pale in comparison to the “amazing” steps it will take over the next six, with national security investigations of steel and aluminum imports expected to “bear fruit” soon. [Daily News| July 27, 2017 |Inside US…
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The Trump administration recently celebrated the workers and businesses that make this country great. The purpose of “Made in America Week” was to recognize that, when given a fair chance to compete, Americans can make and sell some of the best, most innovative products in the world. By Wilbur Ross July 31, 2017 7:09 p.m.…
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Billings, Mont. – National cattle trade association R-CALF USA is making final preparations for its upcoming 18th Annual Convention to be held August 25-26 at the Best Western Ramkota Hotel in Rapid City, South Dakota. Keynoting the convention will be Rapid City native and now conservative political commentator Tomi Lahren, who has supported the interests…
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The administration is considering a negotiated solution to tackle steel overcapacity that could involve “voluntary” agreements, House Ways & Means Committee members said on Thursday after being briefed by Commerce Secretary Wilbur Ross on his Section 232 investigations. [Jenny Leonard and Jack Caporal | July 27, 2017 |Inside US Trade] Ways & Means members who met with Ross…
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There’s little doubt that the United States has suffered a manufacturing crisis over the past 15 years. With millions of factory jobs lost, and tens of thousands of factories having closed their doors, it’s clear that the global market has tilted unfavorably against U.S. industry. But the root causes of this decline extend far beyond…
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