Washington~ President Donald Trump is moving to fulfill his campaign promises by signing two executive orders related to trade today. The first will launch an investigation of the U.S. trade deficit by examining U.S. trade relationship country-by-country to look for issues like trade cheating, lax enforcement or currency manipulation. “This is a very smart move…
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One change would be in government-procurement section of deal that could open up door for ‘Buy American’ policies WASHINGTON—The Trump administration is signaling to Congress it would seek mostly modest changes to the North American Free Trade Agreement in upcoming negotiations with Mexico and Canada, a deal President Donald Trump called a “disaster” during the…
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WASHINGTON—The Trump administration appears poised to cement China’s unfavorable status in trade cases, making Chinese goods eligible for higher U.S. tariffs well into the future. [William Mauldin] March 29, 2017 [The Wall Street Journal] U.S. officials are preparing a review of China’s “market-economy status” under the World Trade Organization, according to official documents on the…
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For those who trusted Trump’s pledge to make NAFTA “much better” for working people, it’s a punch in the face because the proposal could have come from any past pro-NAFTA administration and describes the Trans-Pacific Partnership (TPP) or any other same-old trade deal. [Lori Wallach, Director] March 30th, 2017 [Public Citizen’s Global Trade Watch] If…
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Satellite images published this week confirm that China has almost completed the construction of a variety of military assets in the Philippine and Vietnamese South China Sea, assets that allow it to deploy fighter jets and missile launchers at a moment’s notice and provide it expanded surveillance capabilities. [FRANCES MARTEL] March 28, 2017 [Breitbart] The images…
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Soon after President Trump took office, an executive order was quietly drafted to suspend talks with China on an obscure but potentially far-reaching treaty about bilateral investment. [Don Lee| March 28, 2017 |LA Times] After eight years and two dozen rounds of negotiations, the treaty terms were almost in final form. Pulling out after so much time…
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Washington, DC ― Despite President Trump’s suggestions to the contrary, Mexico has not fared well during the 23 years it has been party to the North American Free Trade Agreement (NAFTA). An updated report from the Center for Economic and Policy Research (CEPR) finds that poverty in Mexico went up under NAFTA, while per capita economic growth…
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Ford Motor Company announced on Tuesday that it is spending $1.2 billion to expand its manufacturing capabilities in Michigan, providing a big boost to its sport utility vehicle (SUV) and truck production. [ ELIZABETH BROTHERTON-BUNCH| March 28, 2017 [Alliance for American Manufacturing] About $150 million will go toward creating or retaining 130 jobs at Ford’s Romeo Engine Plant, which will…
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Steel industry leaders have armed the Congressional Steel Caucus chairman, Rep. Tim Murphy (R-PA), with a set of requests to bring to a scheduled meeting today with Commerce Secretary Wilbur Ross, including pushing the Department of Commerce to help strengthen the defense industrial base, maintaining China’s non-market economy status, and considering self-initiation methods to expedite…
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By Jeff Ferry, CPA Research Director Two forward-thinking congressmen have introduced a congressional resolution urging the federal government to eliminate the U.S. trade deficit. This would be a major step forward in U.S. economic policy and a crucial step towards rebuilding the U.S. economy and restoring the American Dream of rising incomes and greater prosperity…
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