June 3, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Washington ~ The federal government announced that the US trade deficit worsened yet again in April 2016. Policy makers who block efforts to fix currency manipulation and other trade cheating continue to cause poor US trade performance, job losses and manufacturing shrinkage. Here are the relevant…
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The Canadian dairy industry, in an ongoing fight against what it sees as a glut of U.S. imports of ultrafiltered milk, has instituted a temporary program that allows Canadian cheese manufacturers to buy domestic ingredients at world market prices, as opposed to the usually higher price controlled by its national supply management system. [Inside U.S.…
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Donald Trump might have found one way he thinks the United States has outfoxed China and Japan when it comes to trade deals: the value of the products exchanged between the economies. [Joel Gehrke| May 29, 2016 |Washington Examiner] “I’m not angry at China and I’m not angry at Japan,” Trump said Sunday at the…
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Washington legislators have re-awakened to concerns over the Defense Department’s inability to plan for and deal with what is now the final stage in the shift of American microelectronics production offshore. Congress wants the Pentagon to figure out how it is going to deal with issues associated with purchasing “trusted” electronics for military weapons and…
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by Michael Stumo The latest rigged trade deal, the Trans-Pacific Partnership, will cut import taxes (tariffs) on imported goods. The recent US International Trade Commission report on the TPP (released 5/18/16) says that this will be $5.8 billion in lost tax revenue. Will this require a tax hike on US taxpayers? Or cuts in government?…
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A Friday piece in Politico Magazine warns that a Hillary Clinton “fumble on trade” could give Donald Trump wins in Ohio, Wisconsin, and Michigan in a general election contest. In a piece entitled, “How Hillary Loses,” David S. Bernstein writes that the new polls showing Trump ahead of Clinton represent a “terrifying moment for Democrats.” While Bernstein says one should not read…
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While exports are important to US agriculture, US farm groups, trade analysts, and policy makers often neglect the impact of imports on the domestic farm economy. Last week, in looking at beef, we saw that imports left us with a negative balance of trade despite increasing exports; imports grew faster than exports. [Harwood D. Schaffer…
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The European Commission late last week told member states that the United States is not yet willing to make the kind of concessions on the EU’s key agricultural priorities that are necessary to strike a Transatlantic Trade and Investment Partnership deal this year. [Daily News| June 01, 2016 |Inside US Trade] A May 27 email…
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WASHINGTON — The same harsh politics that have spawned obituaries for President Obama’s signature trade agreement between the United States and 11 other Pacific Rim nations could actually help win its ratification in Congress in a lame-duck vote late this year, advocates are hoping. [Jackie Calmes| June 01, 2016 |New York Times] The cause of…
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For all his bullying, narcissism and self-contradiction, there is one point on which presumptive Republican presidential nominee Donald Trump cannot be criticized. In attacking our nation’s longtime free trade policies and deals, the real estate tycoon has brought necessary attention to a huge elephant in America’s policy room, one that’s run wild and must be…
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