A strong historic defense of American workers and domestic manufacturers aptly summarizes the first 100 days of the Trump Administration’s trade policy. [Peter Navarro] May 2nd, 2017 [CNN] On his first working day in office, President Trump terminated one of the worst trade deals ever proposed: the Trans-Pacific Partnership. TPP would have further eroded the…
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Agriculture Secretary Sonny Perdue, who last week played a role in convincing President Trump not to withdraw from NAFTA, said the threat of doing so sent a “strong signal” to Canada and Mexico — as well as to Congress. May 2nd, 2017 [Inside U.S. Trade] In an interview with AgriPulse this week, Perdue recounted an Oval Office…
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The Commerce Department reported the deficit on international trade goods and services in March was about $43.7 billion, indicating the United States is on track to another trade gap in excess of $500 billion for 2017. [Peter Morici] May 4th, 2017 [economist and business professor at the University of Maryland, and a national columnist] For decades,…
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The president’s favorite numbers guy, Peter Navarro, says buying from China strengthens a potential enemy. [Peter Coy] May 2nd, 2017 [Bloomberg Business Week] As he stepped onto the stage at the annual meeting of the National Association for Business Economics, Peter Navarro knew he was facing a tough crowd—or what passes for one in the…
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The media was aghast last week that some Trump administration drafted a proposal to withdraw from the North American Free Trade Agreement (NAFTA) as well as a proposal to renegotiate it. Later reports said the White House was not going to advance the proposal to end NAFTA, after powerful business interests called in to object.…
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Administration officials are divided over a draft executive order to withdraw from the North American Free Trade Agreement and butting heads on whether to issue a notification to withdraw at the same time the White House formally notifies Congress of its intent to renegotiate the deal, multiple sources tell Inside U.S. Trade. [Jack Caporal & Jenny Leonard]…
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The Commerce Department is expected to report the U.S. deficit on trade goods and services in March was about $44 billion, indicating the United States is on track for another trade gap in excess of $500 billion for 2017. [PETER MORICI] May 1st, 2017 [Market Watch] For decades, the trade deficit has been a source of…
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President Trump, on his 100th day in office Saturday, signed an executive order establishing “the Office of Trade and Manufacturing Policy” — an entity to be run by Peter Navarro, who was originally named to head the White House National Trade Council. [Jenny Leonard] April 29th, 2017 [Inside U.S. Trade] The executive order says the White House…
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The United States will scrap agreements suspending antidumping and countervailing duties on Mexican sugar and re-impose those trade remedies on June 5 unless the two governments agree on a renegotiated version of the deal, the Commerce Department announced on May 1. [Jack Caporal] May 1st, 2017 [Inside U.S. Trade] “While I regret that such measures…
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Commerce Secretary Wilbur Ross on Monday today outlined several issues that should be addressed in a renegotiation of the North American Free Trade Agreement — including services, rules of origin, digital trade and dispute settlement — while downplaying a West Wing debate over whether to withdraw from the agreement. [Brett Fortnam] May 1st, 2017 [Inside…
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