China is reverting to credit stimulus after attempts to engineer a stock market boom failed horribly. The day of reckoning is delayed again. [ by Ambrose Evans-Pritchard | July 22, 2015 | The Telegraph ] China is engineering yet another mini-boom. Credit is picking up again. The Communist Party has helpfully outlawed falling equity…
Textile and apparel producers from countries included in both the African Growth and Opportunity Act and Central American Free Trade Agreement are pushing the Office of the U.S. Trade Representative to ensure that a Trans-Pacific Partnership (TPP) deal does not wipe out their benefits by giving Vietnam an upper hand in the U.S. market.…
BUFFALO — Along a bend in the Buffalo River here, an enormous steel and concrete structure is rising, soon to house one of the country’s largest solar panel factories. Just to the south, in the rotting guts of the old Bethlehem Steel plant in Lackawanna, where a dozen wind turbines already harness the energy…
Press Releases July 16, 2015Portman, Brown Continue Push for Stronger Currency Manipulation Enforcement in ongoing Trade Negotiations [Reposted from the site of Sen. Rob Portman | July 16, 2015] Washington, D.C. – Today, U.S. Senators Rob Portman (R-Ohio) and Sherrod Brown (D-Ohio) continued their push to crack down on currency manipulation by foreign competitors, urging…
(Editorial note: China continues to restrict its currency to a “trading band” rather than an inflexible peg.) On July 21, 2005 Chinese monetary policy makers surprised the country’s trade partners by revaluing the yuan 2.1% higher against the dollar, ending a fixed exchange-rate regime that angered officials in the U.S., Europe and Japan and…
Twelve Democratic senators are calling on the conference committee for a pending customs and trade enforcement bill to delete proposed language that would prevent the United States from negotiating provisions on climate change in trade agreements, amid doubts that the conference will happen at all. [Reposted from Inside US Trade | July 20, 2015] In…
IBM is advancing rapidly into new fields like data analytics, cloud computing and mobile applications. And while the technology company’s second-quarter results showed encouraging progress in those businesses, it was not enough to translate into growth for the company as a whole. [ by Steve Lohr | July 20, 2015 | NY Times ]…
The U.S. International Trade Commission (“USITC”) made a preliminary determination of injury yesterday and said that investigations will continue on unfairly traded imports of corrosion-resistant steel from five countries. [ by Zacks Equity Research | July 17, 2015 | Zacks.com ] The USITC found reasonable indications that a barrage of subsidized imports of certain…
Just three weeks ago, lawmakers quietly let the little-known Export-Import Bank expire, handing Republican conservatives one of their biggest victories since they took control of Congress. [Reposted from Politico | Seung Min Kim and Lauren French | July 20, 2015] But now an effort to resurrect the bank, led by Democrats and business-backed Republicans, could…
A quote from Warren E. Buffett’s November, 2003 FORTUNE Magazine article titled America’s Growing Trade Deficit Is Selling the Nation Out From Under Us. Here’s a Way to Fix the Problem–And We Need to Do It Now., follows: [ by Hugh Campbell | July 15, 2015 | OpEdNews ] “We were taught in…