Sen. Mike Lee Wants To Stop Trump on Trade

Don’t expect lawmakers to quietly accept President-elect Donald Trump’s plan to use congressionally granted authorities to hike tariffs against offending countries, which could potentially spark trade wars. Sen. Mike Lee (R-Utah) is already leading an effort to find ways to rein in some of the executive power Trump would have on trade. [Adam Behsudi| January…

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Apple plans ‘high-tech manufacturing’ of data-center gear in Arizona

Apple is seeking permission to conduct “high-tech manufacturing” and to build data-center server gear in a Mesa, Arizona, facility, according to a notice published Monday by the US federal government. [Kif Leswing| January 9, 2017 |Business Insider] A notification published in the Federal Register on Monday said Apple was looking for approval from the Foreign-Trade Zones…

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CPA Interview: Bay Bridge “Dangerous” Due to Chinese Steel

“Inept, Inexperienced” Steelmaker Delivered Structure With Cracks & Defects From 2006 to 2013, California’s state transportation agency Caltrans rebuilt the Bay Bridge, California’s second most famous bridge, which connects San Francisco to the Oakland-Berkeley area across San Francisco Bay.  The rebuilding project attracted enormous controversy, due to delays, numerous flaws and defects found in the…

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Why Fixing Trade Deficits Is Essential

In 1965, when we imported less, manufacturing employed 24% of the U.S. workforce. By 2015, substantial portions of our manufacturing base had moved overseas, and domestic manufacturing had shrunk to just 9% of employment. [Frank Berlage| January 7, 2017 |Barrons] The U.S. has now run a trade deficit for 40 years, and at present levels…

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The Ivory Tower is Crumbling on Trade Theory

by Michael Stumo The American Economics Association is fretting the fact that their economic theories are no longer trusted. University education material is starting to include criticisms of and alternatives to old trade theory that is impervious to acknowledgement of glaring and persistent failures. On the second point, I just had a long interview with…

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