HONG KONG — Sören Schwertfeger finished his postdoctorate research on autonomous robots in Germany, and seemed set to go to Europe or the United States, where artificial intelligence was pioneered and established. Instead, he went to China. [Paul Mozur & John Markoff] May 27th, 2017 [The New York Times] “You couldn’t have started a lab…
President Trump, in a meeting with EU leaders on Thursday, complained about Germany’s “bad, very bad” trade surplus with the United States, the German newspaper Süddeutsche Zeitung reports. May 25th, 2017 [Inside Trade] According to an informal translation of the news report, Trump made clear the reduction of the U.S. trade deficit is an “absolute priority” for…
President Donald Trump had harsh words for Germany at a NATO meeting in Belgium this week, where he reportedly referred to the Germans as “bad, very bad.” Gary Cohn, the president’s top economic adviser, later clarified that Trump was referring to Germany’s trade practices. [DANNY VINIK] May 26th, 2017 [Politico] The criticism of a close…
Coalition for a Prosperous America (CPA) leadership met last week with United States Trade Ambassador Robert Lighthizer and Commerce Secretary Wilbur Ross to discuss the Trump administration’s plans on trade. “We are very happy with the leadership of Secretary Ross and Ambassador Lighthizer who are focused upon reducing the trade deficit and enforcing trade laws,” said Dan…
After a series of angry tweets from President Donald Trump directed toward Germany over trade, Commerce Secretary Wilbur Ross told CNBC on Tuesday he is open to continuing talks on a proposed trade pact with the European Union. [Lori Ann LaRocco | May 30th, 2017 | CNBC] After a series of angry tweets from President Donald Trump directed toward Germany over trade, Commerce Secretary Wilbur Ross told CNBC on Tuesday he is open…
China’s central bank is effectively anchoring the yuan to the dollar, a policy twist that has helped stabilize the currency in a year of political transition and market jitters about China’s economic management. [Lingling Wei & Saumya Vaishampayan] May 25th, 2017 [The Wall Street Journal] The yuan weakened more than 6% against the dollar in…
Michael Stumo, Coalition for a Prosperous America, and Daniel Griswold, The Mercatus Center at George Mason University, weigh in on President Trump’s trade agenda. Click image below to watch the interview.
U.S. Trade Representative Robert Lighthizer this week told Agriculture Secretary Sonny Perdue and members of the House Agriculture Committee the Trump administration will prioritize exports of U.S. agriculture products and that “do no harm has got to be our objective” for upcoming NAFTA talks with Mexico and Canada — a renegotiation process the panel’s chairman,…
Paul Ryan and the White House are barreling toward a tax reform show-down — a face-off that’s becoming all but inevitable as the speaker continues selling a tax plan rejected by Trump officials. [RACHAEL BADE and JOSH DAWSEY] May 22nd, 2017 [Politico] At issue is a controversial pillar of the House GOP tax plan that effectively hikes…
The Coalition for a Prosperous America (CPA) appreciates the opportunity to provide testimony to the US Department of Commerce regarding the impact of significant bilateral deficits on the US economy. CPA is a national, non-partisan organization focusing upon improving American trade performance, eliminating our persistent trade deficit, and growing domestic supply chains as a means…