The U.S. Treasury announced today, for the 12th time, that the Obama Administration has determined that neither China, nor any other “major trading partner of the United States met the standard of manipulating the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or…
The Obama administration said Wednesday that China’s currency remains “significantly undervalued,” but it stopped short of citing China or any other country for unfairly manipulating its currency to gain trade advantages. [by Martin Crutsinger | October 15, 2014 | AP Economics Writer In a new report by the Treasury Department, the administration did warn China…
There are four harsh realities regarding China’s rise with which America must soon come to terms. [by Robert Haddick | October 17, 2014 | the National Interest] Regular readers of the National Interest enjoy a rich flow of essays debating the consequences of China’s return as a great power and how U.S. policy makers should…
Google is in a row with France about how much corporate taxes it pays. Like the Obama Administration’s outrage about businesses moving headquarters abroad, this dispute demonstrates corporate taxes, along with personal income taxes, are obsolete. [by Peter Morici | October 9, 2014] Google markets ads in France, where the corporate tax rate is 33.3…
A friend and like minded American Champion uses the true story below as a call to action for all America to Wake-Up and keep history from repeating. Frank, thank you and AMEN! [by Dan DiMicco | October 6, 2014 | dandimicco.com] “In 1887 Alexander Tyler, a Scottish history professor at theUniversity of Edinburgh, had this…
To highlight the importance of manufacturing to the economy of the San Diego region, the Mayor and City Council declared the week of September 30 – October 5, 2014 to be Manufacturing Week instead of only Manufacturing Day on October 3rd. [By Michele Nash-Hoff | October 15, 2014 | Can American Manufacturing Be Saved?] One…
If you want to see the dilemma policymakers and elected officials face when forced to hand out billions of dollars in corporate welfare to Boeing — and the company still announces it will make 777X parts in St. Louis, not the Puget Sound — study this map from the Brookings Institution: [by Jon Talton |…
China’s harsh suppression of political dissent, from Hong Kong to Xinjiang, and its close ties to Russia, Iran and North Korea, have finally laid to rest the dream many Western leaders have had since the 1990s: that “constructive engagement” would eventually, inevitably lead to more openness and democracy. [by Wesley K. Clark | October 10,…
Protests over democracy in Hong Kong may be preoccupying the Chinese leadership, but a subject of still greater international importance is being played out this week behind closed doors in Washington. China is bidding to enter the heart of global finance by establishing its currency, the renminbi, as part of an ubiquitous monetary unit used…
Factory Man — the most popular non-fiction, non-academic book ever published about an anti-dumping trade case — is a worthy read for three reasons: The protagonist is a fiery, patriotic industrialist who was chastised by his industry and his big retail customers for using the trade laws to save his company; the author is an…
