The Threat of U.S. Dollar Overvaluation: How to Calculate True Exchange Rate Misalignment & How to Fix It

This memo explains (1) the dollar overvaluation problem, (2) how to accurately calculate the dollar’s misalignment against trading partner currencies, and (3) how the Market Access Charge (MAC) that CPA and others favor would fix this serious threat to America’s future. by Michael Stumo (CEO)Jeff Ferry (Research Director)and John R. Hansen (Advisory Board) The foreign exchange…

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ITC Report: U.S. has Lost Aluminum Production and Jobs Because of China

Subsidized Chinese aluminum production has soared in recent years. The Trump administration has its eyes firmly on the prize when it comes to the U.S. Commerce Department’s Section 232 investigation into the national security implications of America’s steel import levels. [MATTHEW MCMULLAN| July 11, 2017 |Alliance for American Manufacturing] Yeah man. Their eyes are trained squarely on the…

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Following the G20: Trade as a (re)work in progress

Call it international trade’s (re)work in progress, following the G20 meeting, which produced: [Daily News| July 11, 2017 |Inside US Trade] A united front on overcapacity issues, with an emphasis on steel – and some target deadlines for OECD recommendations on “concrete policy solutions that reduce steel excess capacity.” A flurry of comments from President Trump,…

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