Balanced Trade: Key To US Economic RebirthBy Michael Stumo, President, and Jeff Ferry, Research Director, The United States has run a consistent deficit on our balance of trade for 40 years, a record for any major nation in the annals of modern record-keeping. A persistent trade deficit is a telltale sign that a nation is…
By Jason Cooper, CPA Research Assistant The USA places duties on trade in response to unlawful trade practices by foreign companies, but in some cases companies illegally bypass those duties, gambling that they won’t get caught. In February of 2016 the Enforce and Protect Act (EAPA) was passed to improve trade law enforcement and duty…
By Jeff Ferry, CPA Research Director Summary The US government should adopt balanced trade as a key performance measure for trade policy. Following 40 years of recurrent trade deficits, our industrial base is depleted, American living standards have suffered, many of our cities and towns are in disrepair, and social problems are growing. Our huge…
[Adam Behsudi| December 20, 2016 |Politico] President-elect Donald Trump met with veteran trade attorney Robert Lighthizer for 40 minutes at his Florida estate on Monday – 10 more minutes than allotted – sending out a strong signal that Trump may have found his man to lead trade negotiations for the incoming administration. Trump appears to be focusing more attention…
[Daily News| December 19, 2016 |Inside US Trade] Trade could play a part in the battle over who will lead the Democratic National Committee after Hillary Clinton’s loss, with Labor Secretary Tom Perez – a staunch Trans-Pacific Partnership supporter – squaring off against Rep. Keith Ellison (MI). “Unlike some of the other candidates running for…
[Daily News| December 16, 2016 |Inside US Trade] Overall employee satisfaction at the Office of the U.S. Trade Representative is up by 7.5 percentage points from last year, which is still among the lowest for small government agencies, according to the “Best Places to Work in the Federal Government” rankings released Partnership for Public Service.…
[Jason Gayle, Lydia Mulvany and Monte Reel | December 15, 2016 |Bloomberg] From the air, the Pearl River Delta in southern China’s Guangdong province resembles a mass of human cells under a microscope. Hundreds of thousands of tiny rectangular blocks, all of them shades of green, are clustered between cities and waterways. Livestock pens are…
[JARED BERNSTEIN AND DEAN BAKER| December 8, 2016 |The Atlantic] However one feels about Donald Trump, it’s fair to say he has usefully elevated a long-simmering issue in American political economy: the hardship faced by the families and communities who have lost out as jobs have shifted overseas. For decades, many politicians from both parties ignored the…
[Daily News | December 14, 2016 |Inside US Trade] President-elect Donald Trump told tech company leaders at a summit in New York on Wednesday that his administration would make “trade across borders” much easier. The summit was attended by the heads of major tech companies like Amazon, Apple, Google, Facebook and Tesla. Trump, according to…
[Daily News | December 14, 2016 |Inside US Trade] China’s Foreign Ministry spokesman this week defended China’s Dec. 12 decision to initiate a case at the WTO against the U.S. and the EU over their interpretation of a key provision in China’s accession protocol – emphasizing that China is “dissatisfied” with countries that are “ambiguous”…
