Is there a better way to reduce the U.S. trade deficit than raising duties on imports? A lot of economists say yes. Some of their ideas are old, some new, and some a little strange. All have been given new life by the Trump administration’s tariff offensive, which has sparked fears of a global trade war.…
Mexico’s ruling party, the Partido Revolucionario Institucional, last week pitched a proposal that would implement the country’s constitutional labor reforms passed last year in a way that labor advocates believe would undermine labor rules that will potentially be included in a retooled North American Free Trade Agreement. [Isabelle Hoagland | March 27, 2018 | Inside US…
Federal and State Officials Senate Finance Committee Chairman Sen. Orrin Hatch (R-UT): “Since KORUS went into force more than five years ago, it became clear that Korea needed to do more to fully implement the agreement in order to remove trade and investment barriers for American exporters. The agreement in principle announced today makes steps…
President Donald Trump’s push to rebalance global trade in America’s favor has investors on edge, as his threats to impose import tariffs and curb foreign investment raise the specter of retaliation that could spark a global trade war. [Andrew Mayeda |March 28, 2018 | Bloomberg] The White House offensive is occurring on several fronts: it’s…
By Jeff Ferry, CPA Research Director President Trump has just made what could be the biggest gamble of his presidency: he’s betting that he can make a significant difference in the US economy by taking action against Chinese mercantilism. As usual, the hordes of commentators in the liberal media, conservative establishment, and the economics profession…
Contrary to the inference by IBM ’s Christopher Padilla and GE’s Karan Bhatia (Letters, WSJ.com, March 16), in the very first paragraph of “How China Pushes the Limits on Military Technology Transfer” (WSJ.com, March 14) I clearly state that IBM and GE’s business dealings with China are legally permissible under current law. And that’s the problem. Their legal…
Calls renegotiation a solid step toward future trade progress Washington. The Coalition for a Prosperous America (CPA) congratulates the Trump Administration for concluding the first-ever renegotiation in US history of a trade agreement, the Korea-US Free Trade Agreement (KORUS). Seoul agreed to double the number of US autos allowed into the South Korean market and to…
Members of the Coalition for a Prosperous America (CPA) visited more than 100 House and Senate offices in the nation’s capital this week to sound an alarm: America’s massive, growing trade deficit is killing jobs, harming communities, and stifling economic growth. In a two-day blitz, CPA members left their mark on Capitol Hill, urging Members…
“The improved KORUS agreement reflects the President’s leadership in delivering more reciprocal trade outcomes benefiting U.S. workers, exporters, and businesses. The United States and Korea have strengthened an important economic relationship by agreeing to substantial improvements to KORUS that will help rebalance our trade, reduce our trade deficit, and expand U.S. export opportunities.” – U.S. Trade Representative Robert…
On March 9, 2000, President Bill Clinton urged China’s entry into the World Trade Organization (WTO) with the following words. Op-ed originally appears on LifeZette March 24, 2018 “For the first time, our companies will be able to sell and distribute products in China made by workers here in America without being forced to relocate manufacturing to…