The Coalition for a Prosperous America (CPA) has published an analysis of the countries with which the US has the worst trade deficits. In 2015 the USA ran a $746 billion trade deficit in goods, seven times the 1992 level. In those 23 years, the deficit has gone from 1.5% of our GDP to 4.2%.…
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Trade policy analysts testified before the U.S.-China Economic and Security Review Commission on Jan. 26 that U.S. government agencies should have broader discretion to review Chinese direct investment in the United States, as a means of pushing for reciprocal market access and implementing the national interest standard established by the Committee on Foreign Investment in…
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Trump specified when he signed a memorandum withdrawing from the TPP earlier this week that the administration was not going to shy away from trade deals altogether but would shift to focus solely on bilateral deals. And with an eye toward fulfilling a promise to reach agreements quickly, the administration has already outlined a set of criteria…
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PHILADELPHIA — President Trump, addressing congressional Republicans, applauded the House GOP plan to tax imports while exempting exports as a means to create revenue from Mexico to pay for a border wall. [Daily News| January 26, 2017 |Inside US Trade] “We’re working on a tax reform bill that will reduce our trade deficits, increase American…
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President Trump’s proposed 45 percent tariff on Chinese imports could leverage significant changes in trade with the Middle Kingdom, but to succeed he must address Beijing more realistically than past presidents. [Peter Morici| January 22, 2017 |Washington Times] Since Richard Nixon’s historic trip, U.S. policy has been premised on the notion that offering China wider…
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Ways & Means Committee Chairman Kevin Brady (R-TX) defended the House GOP’s tax blueprint — particularly its border adjustability provision — by saying he is “very confident” the bill would withstand World Trade Organization challenges if it became law, though he expects other countries to criticize the move nonetheless. [Daily News| January 24, 2017 |Inside…
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Ford Motor Company CEO Mark Fields on Tuesday praised President Trump for abandoning the Trans-Pacific Partnership after a breakfast meeting with Trump and other leaders of the U.S. auto industry. [Daily News| January 24, 2017 |Inside US Trade] “I would just call out yesterday the president’s decision to withdraw from the TPP,” Ford told reporters…
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For Immediate ReleaseTeamsters (WASHINGTON) – The following is a statement from Teamsters General President James P. Hoffa on President Donald Trump signing an executive order to formally withdraw the United States from the Trans Pacific Partnership. “Today, President Trump made good on his campaign promise to withdraw the United States from the Trans-Pacific Partnership. With…
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Washington Fair Trade Coalition 606 Maynard Ave S, Suite 102 – Seattle, WA 98104 – (206) 227-3079 Seattle, WA – Withdrawal from the Trans-Pacific partnership (TPP) marks two important accomplishments. We stop digging ourselves into a deeper hole on trade policy, and we begin to rethink our approach to globalization. For decades, we have mismanaged globalization,…
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Jeff Ferry, CPA’s Research Director was a guest on “On Point,” a radio show on NPR and he discusses globalization under a Trump administration. Jeff refutes free traders such as Martin Wolf, chief economics commentator for the Financial Times as well as Ken Rogoff, professor of public policy and professor of economics at Harvard University. Jeff…
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