By Michael Stumo, CEO of CPA Last Friday, Commerce Secretary Wilbur Ross announced that the US and China have agreed to establish a 100 day plan on trade. The big news is that both the President of the United States and the President of China agree that trade imbalances are a big problem. But will…
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Andrew Quinn, a White House trade adviser who has come under fire from conservatives for his role in negotiating the Trans-Pacific Partnership, is being reassigned to the United States Trade Representative’s office, three administration officials told POLITICO. [ANDREW RESTUCCIA, ALEX ISENSTADT and NAHAL TOOSI] April 6th, 2017 [Politico] The decision comes after Breitbart News and conservatives raised concerns about the…
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WUHAN, China — Russell Abney raised two children on solar power. The 49-year-old Georgia Tech graduate worked for the last decade in Perrysburg, Ohio, a suburb of Toledo, pulling a good salary as an equipment engineer for the largest American solar-panel maker. [KEITH BRADSHER] April 8th, 2017 [The New York Times] On the other side of…
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Dan DiMicco, former Nucor CEO, and CPA board member weighs in on President Trump’s meeting with China President Xi Jinping, and what it means for U.S.-China relations.
The U.S. and China have established a “100-day plan” on trade following a breakthrough in discussions between President Trump and his Chinese counterpart, according to Commerce Secretary Wilbur Ross. [Dan Dupont] April 7th, 2017 [Inside US Trade] Briefing reporters after Trump’s meeting with China’s president, Xi Jinping, Ross – flanked by Treasury Secretary Steven Mnuchin…
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By Michael Stumo, CEO of CPA, and Jason Cooper, CPA Research Assistant While the trade deficit deniers continue issuing Fake Trade News, President Trump signed a recent executive order entitled “Omnibus Report on Significant Trade Deficits”. This is an important step towards action. The resulting document trade deficits and their causes in the context of…
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LONDON — The Chinese government wants to make sure its food supply is reliable and safe as it works to feed a rapidly growing middle class. So it was a coup on Wednesday when a Chinese company won approval to take over one of the world’s largest suppliers of seeds and pesticides. [Amie Tsang] April…
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Smart policy needed for true manufacturing job recovery The Commerce Department reported a goods and services deficit of $43.6 billion in February, down $4.6 billion from $48.2 billion in January. But the goods deficit with China rose to $31.7 billion, up from $30.2 billion. [Jet Moody] April 4th, 2017 [Alliance for American Manufacturing] Said Alliance for American…
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By Jeff Ferry, CPA Research Director Establishment free traders often claim trade policy reform is futile, urging us instead to simply trust the free market. Recent experience in Britain shows that one trade policy—currency devaluation—does work, and pretty quickly too. Despite imports growing more expensive, both consumption and exports increased. The British trade deficit has,…
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Senate Minority Leader Chuck Schumer on Wednesday needled President Donald Trump to get tougher on trade with Beijing ahead of the former businessman’s Mar-a-Lago meeting with Chinese President Xi Jinping. [ ELANA SCHOR and DOUG PALMER] April 5th, 2017 [Politico] Schumer lobbed his latest challenge at Trump alongside Sens. Debbie Stabenow (D-Mich.) and Bob Casey (D-Pa.), both of…
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