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Keyword: trade

Brevity: Headers | « Text »
  • Tariff bill to help manufacturers cut some tax costs

    05/23/2016 12:25:08 PM PDT · by FreedomNotSafety · 8 replies
    Plastic News ^ | May 23, 2016 | Gayle S. Putsch
    "The U.S. Senate approved a bill May 12 that would overhaul the process for businesses requesting tariff suspensions and reductions." "The miscellaneous tariff bill (MTB) establishes a new process for manufacturers to avoid having to pay tariffs on imported raw materials and intermediate products for which there are no suitable U.S.-based suppliers."
  • China has conducted a 'war'—not trade—with steel, experts say

    05/22/2016 10:59:49 PM PDT · by Trumpinator · 34 replies
    cnbc.com ^ | Friday, 20 May 2016 | 3:41 AM ET | Holly Ellyatt, Karen Tso
    Despite China signaling moves to cut its excess steel production capacity, industry chiefs say the country has declared a metals "war" that has had a "devastating" impact for the rest of the world's industry.
  • Why 'Antidumping' Tariffs Should Be Dumped

    05/22/2016 10:35:05 AM PDT · by Kaslin · 105 replies
    Townhall.com ^ | May 22, 2016 | Jeff Jacoby
    China produces more than 820 million tons of steel per year, of which about 100 million tons are exported and sold at a discount overseas. Only about 3 percent of those exports go to the United States, but American steel producers bristle at the competition. So in keeping with the time-honored practice of the US steel industry — "the backbone of American manufacturing," as it proudly calls itself — domestic producers are rising to the challenge.Are they doing so by making their operations more efficient? By improving the quality of the steel they sell? By cutting their prices to maintain market...
  • Economics Has Failed America

    05/20/2016 7:18:57 AM PDT · by drop 50 and fire for effect · 44 replies
    Foreign Policy ^ | 19 May 2016 | Daniel Altman
    When it comes to the impact of global trade, the dismal science has done a dismal job explaining how to help workers hurt by globalization. As a recovering economist writing on behalf of my erstwhile field, I would like to apologize to every American who has lost a job or a livelihood because of globalization. Economics has failed you. It has failed you because of ideology, politics, and laziness. It has failed you because its teachings are woefully incomplete, and its greatest exponents have done almost nothing to complete them. There are “positive” questions in economics that have mathematical answers...
  • A Sneaky Corporate Welfare Balancing Act

    05/19/2016 12:05:33 PM PDT · by Kaslin · 18 replies
    Townhall.com ^ | May 19, 2016 | Veronique de Rugy
    Corporate welfare takes many forms: a tax break to a particular industry, a tariff against foreign sugar producers to shelter domestic producers from competition, a loan guarantee program for exporters, etc. It can also take the form of lawmakers forcing the Department of Defense to provide New Balance athletic shoes -- and only New Balance athletic shoes -- for new military recruits. This story is actually worse than it sounds. Let's start from the beginning: Did you know that the military is required to buy uniforms and boots that are made in the USA? Aside from the unintended effects of...
  • The Conservative Case for Trump

    05/15/2016 1:02:31 PM PDT · by Sir Napsalot · 65 replies
    American Thinker ^ | 5-15-2016 | David Prentice
    As a longstanding Reagan conservative, my initial preference was Ted Cruz; yet I would have voted for any of the candidates over Hillary. I held my nose for McCain and Romney, and hope some at least hold their noses and vote for Trump. However, I’d rather you do more than that, I’d rather you consider actually voting FOR Donald Trump. The case for Trump is a good one. ..... I found I liked what he said, but not him. Then the earthquake happened: Hillary attacked him as a misogynist and a sexist. Oh no, he’s done for now. But no,...
  • The Arrogance of The Prom King(Paul Ryan)

    05/09/2016 7:23:45 AM PDT · by all the best · 51 replies
    robertringer.com ^ | May 7, 2016 | Robert Ringer
    Just when you think you’ve heard and seen it all in the Republican campaignathon, along comes prom king Paul Ryan displaying an arrogance that makes Donald Trump look like the Dalai Lama by comparison. Millions of American jaws must have dropped in unison when chameleon Ryan casually told CNN’s Jake Tapper that he’s “just not ready” to support Trump. Really? Where do I even begin to address such a remarkable display of unflinching arrogance? How about just stating the obvious — that the litmus-test conservative crowd still doesn’t get it. That’s right, hard as it is to believe, after ten...
  • EU-US trade deal 'will fail' if US refuses concessions: German minister (No Buy America accepted)

    05/08/2016 4:02:20 PM PDT · by Trumpinator · 21 replies
    hurriyetdailynews.com ^ | Sunday,May 8 2016, Your time is 7:01:41 PM | Agence France-Presse
    Negotiations on a US-EU free trade deal "will fail" if the US refuses to make concessions, German Economy Minister Sigmar Gabriel warned on April 24 ahead of a visit by US President Barack Obama. "The Americans want to hold fast to their 'Buy American' idea. We can't accept that. They don't want to open their public tenders to European companies. For me, that goes against free trade," Gabriel, who is also Germany's deputy chancellor, told business newspaper Handelsblatt. "If the Americans hold fast to this position, we don't need the free trade treaty. And TTIP will fail," he warned.
  • U.S. RAISES TARIFF FOR MOTORCYCLES

    05/08/2016 8:34:01 AM PDT · by detective · 56 replies
    New York Times ^ | April 2, 1983 | CLYDE H. FARNSWORTH
    In an unusually strong protectionist action, President Reagan today ordered a tenfold increase in tariffs for imported heavyweight motorycles. The impact of Mr. Reagan's action, which followed the unanimous recommendation of his trade advisers, is effectively limited to Japanese manufacturers, which dominate every sector of the American motorycycle market. The action was exceptional for protecting a single American company, the Harley-Davidson Motor Company of Milwaukee, the sole surviving American maker of motorcycles.
  • 5 May 2016 Twitter: Sean Hannity officially endorses Donald Trump for President

    05/07/2016 7:07:43 PM PDT · by BlackFemaleArmyCaptain · 89 replies
    There was no dramatic monologue or carefully written statement needed. Trump Supporters have known all along that Sean Hannity would support Trump when Trump became GOP nominee. This was confirmed with a simple tweet “Yes, I do.” Thank you, Sean, for always being fair and for endorsing Donald J. Trump for President.
  • Donald Trump Is The Nominee But Every State Needs To Keep Voting… [Must read article]

    05/06/2016 11:05:40 AM PDT · by Jim Robinson · 84 replies
    The Last Refuge ^ | May 6, 2016 | sundance
    Candidate Ted Cruz and candidate John Kasich have officially “suspended” their campaign efforts to win the republican nomination. However, the campaign effort to deliver a resounding win for Donald Trump continues.Yes, a major hurdle has been crossed – Donald Trump is now the last remaining candidate running for the nomination; but that doesn’t mean the push through the last remaining states should be any less important. Every vote counts. Every delegate matters.Anyone who is inclined toward complacency needs only to look at the reaction yesterday by House Speaker Paul ‘Omnibus‘ Ryan and note why it is vital for the...
  • See list of 98 top Republicans who refuse to back Trump

    05/06/2016 5:42:10 AM PDT · by HomerBohn · 106 replies
    wnd ^ | 5/5/2016 | Garth Kant
    •Rep. Justin Amash, R-Mich. •Gov. Charlie Baker, R-Mass. •Brian Bartlett •Glenn Beck •Michael Berry •Max Boot . •Brent Bozell •Bruce Carroll, GayPatriot.org •Jay Caruso •Mona Charen •Linda Chavez •Dean Clancy •Eliot Cohen •Former Sen. Norm Coleman, R-Minn. •Charles C. W. Cooke •Doug Coon •Rory Cooper •Jim Cunneen •Rep. Carlos Curbelo, R-Fla. •Steve Deace •Rep. Bob Dold, R-Ill. •Erick Erickson •Mindy Finn •David French •Jon Gabriel •Michael Graham •Jonah Goldberg •Alan Goldsmith •Stephen Gutowski •Rep. Richard Hanna, R-N.Y. •Jamie Brown Hantman •Stephen Hayes •Doug Heye •Quin Hillyer •Ben Howe •Former Rep. Bob Inglis, R-S.C •Cheri Jacobus •Robert Kagan •Randy Kendrick, GOP...
  • No, Mr. Trump, NAFTA Was Not a ‘Bad Deal’

    05/05/2016 9:30:43 AM PDT · by reaganaut1 · 94 replies
    National Review ^ | May 5, 2016 | Tim Kane
    ... Trump promises a return to tariffs. He also promises a wall with Mexico, penalties against profitable American companies, skimming foreign remittances, and more. Trump does not mince words, and you have to respect his forthrightness. What each of these solutions has in common is a heavy-handed government that imposes its will at the price of consumer freedom. What right does a White House staffer have to tell you what you can buy and the extra price you have to pay if you choose the wrong product? Your freedom to trade — to buy what you want — is what’s...
  • The ‘Smart People,’ Wrong Again

    05/04/2016 12:04:14 PM PDT · by conservative98 · 117 replies
    LifeZette ^ | May 4, 2016 | Laura Ingraham
    Trump's win comes after GOP refused to listen to what actual voters wanted — populist policies with conservative core
  • US trade deficit shrinks as goods imports hit five-year low

    05/04/2016 7:29:22 AM PDT · by reaganaut1 · 11 replies
    Reuters ^ | May 4, 2016
    The U.S. trade deficit fell more than expected in March as imports of goods tumbled to their lowest level since 2010, a potential boost to first-quarter economic growth estimates that also hints at sluggish domestic demand. The Commerce Department said on Tuesday the trade gap fell 13.9 percent to $40.4 billion, the smallest since February 2015, also as exports fell. February's trade deficit was revised slightly down to $46.96 billion from the previously reported $47.1 billion. Economists polled by Reuters had forecast the trade deficit falling to $41.5 billion in March. When adjusted for inflation, the deficit declined to $57.4...
  • I Want a President Who Can Teach Us to Accept Capitalism

    05/04/2016 4:57:01 AM PDT · by expat_panama · 104 replies
    American Thinker ^ | May 4, 2016 | Christopher Chantrill
    In last week’s foreign policy speech Donald Trump had this to say about jobs: NAFTA, as an example, has been a total disaster for the U.S. and has emptied our states of our manufacturing and our jobs. Never again. Only the reverse will happen. We will keep our jobs and bring in new ones. Their [sic] will be consequences for companies that leave the U.S. only to exploit it later. Okay, I get it: you are running for president, Mr. Trump, and I get that you can’t say that, of course, NAFTA has hurt some people, because after all capitalism...
  • Trump Camp: Cruz-Fiorina Is the ‘Outsourcing Ticket’

    04/28/2016 11:52:29 AM PDT · by monkapotamus · 93 replies
    Breitbart ^ | April 28, 2016 | Julia Hahn
    “Carly Fiorina pioneered– pioneered– the practice of outsourcing jobs,” Miller said. “Her great legacy in business has been in finding a way to shift jobs to lower wage countries and replacing American workers with foreign workers. So I think we can all say that Ted Cruz, who supports offshoring jobs, and Carly Fiorina, who supports offshoring jobs, they’re now officially the outsourcing ticket.” “A critical issue for the state of Indiana is steel production and manufacturing,” Miller said, noting that, “on the crucial trade vote in 2015, Ted Cruz voted for Barack Obama’s trade bill that would destroy… the middle...
  • Donald Trump Ford foreign policy worked

    04/27/2016 12:58:49 PM PDT · by StCloudMoose · 3 replies
    The Donald Trump effect: Ford will invest $1.6 billion in two U.S. factories. Ford Motor Co will invest $1.6 billion in two U.S. factories to start making a new automatic transmission and expand output of certain commercial trucks, the company said on Tuesday. Ford said the moves would support a total of 650 jobs but would not say how many new ones would be created. The announcement comes three weeks after Ford said it would spend $1.6 billion to build a new vehicle assembly plant in Mexico, drawing fire from Republican U.S. presidential candidate Donald Trump. Ford has countered that...
  • Sen. Sessions Blasts Obama’s Plan to Push TPP After Primaries

    04/27/2016 3:27:03 PM PDT · by detective · 3 replies
    The New American ^ | 26 April 2016 | William F. Jasper
    During his recent European tour, President Obama did his best to help beleaguered German Chancellor Angela Merkel, who is under intense fire for bringing 1 million-1.5 million (or more, no one knows for sure how many) Muslim “refugee” migrants into Germany in 2015. He also made promotion of the Transatlantic Trade and Investment Partnership (TTIP), the mammoth treaty aimed at political and economic merger of the EU and United States, a key priority of his trip.
  • So when Donald...

    04/26/2016 2:23:35 AM PDT · by CanadianBloodAmericanHeart · 97 replies
    My crystal ball
    So when the genius rips up trade agreements and a trade war erupts where will America be able to sell its exports when every country puts massive tariffs on all US goods as a result? Just wondering because he acts like they will all just grab their ankles and bend over...which they won't.
  • Liberal Panic: HuffPo Worries Trump Will Trounce Clinton on Trade

    04/25/2016 5:54:21 PM PDT · by detective · 34 replies
    Breitbart ^ | 25 Apr 2016 | Julia Hahn
    The left-leaning Huffington Post published an article which seems concerned that Donald Trump could defeat Hillary Clinton in a general election contest due to his strong position on trade. In a Friday piece entitled, “Hillary Must Toughen Up On Trade In Case She Is Nominee Against Trump,” Dave Johnson, a fellow at Campaign for America’s Future, writes: If Hillary Clinton is going to be the Democratic nominee she had better get tough on trade – and mean it. One of Donald Trump’ main elements of appeal to his voters – if not the main appeal – is his stance on...
  • British govt’s TTIP assessment, US-EU deal risks and no benefit’

    04/25/2016 12:44:48 PM PDT · by StCloudMoose · 1 replies
    RT.com ^ | 4/25/16
    The British government’s sole assessment of the shadowy Transatlantic Trade and Investment Partnership (TTIP) deal indicates there are “lots of risks and no benefit,” according to documents seen by Global Justice Now. In February a freedom of information (FoI) request was made to the Department for Business Innovation and Skills (BIS) to find out whether risk assessments had been carried out in relation to the secretive deal, which is currently in its 13th round of negotiations. The BIS reported that the only assessment had been carried out by the London School of Economics (LSE), which found “little reason” to believe...
  • HuffPo Advice to Hillary: Do Better Job Faking Trade Deals Opposition

    04/23/2016 5:57:32 PM PDT · by PJ-Comix · 3 replies
    NewsBusters ^ | April 23, 2016 | P.J. Gladnick
    Hey Hillary! You really need to do a better job of faking sincerity. That is the advice of Dave Johnson at the Huffington Post. Johnson is worried that in the general election Donald Trump, if he is the nominee, would be a lot more credible in his opposition to trade deals than Hillary Clinton who is merely faking it. What she needs to do to is put on a credible game face to get away with faking her opposition to trade deals such as the Trans-Pacific Partnership in order to fool enough people to win the general election. So far Trump is much...
  • Thousands of trade deal foes rally in Germany on Obama visit eve

    04/23/2016 9:20:55 AM PDT · by GilGil · 7 replies
    Yahoo ^ | 4/23/2016 | Deborah Cole
    Hanover (Germany) (AFP) - Tens of thousands of opponents of a proposed transatlantic trade deal poured onto German streets Saturday on the eve of a visit by US President Barack Obama. A loose coalition of trade unions, environmentalists and consumer protection groups in the northern city of Hanover said they drew a crowd of 90,000 to a march and rally outside the city's opera house. Police mobilised a large force to keep the peace and put attendance at 35,000. Obama's trip -- to open an industrial technology fair and hold talks with Chancellor Angela Merkel and other European leaders --...
  • Thousands of trade deal foes rally in Germany on Obama visit eve

    04/23/2016 8:34:02 AM PDT · by Fhios
    Yahoo ^ | 4/23/16 | Deborah Cole
    [... On a visit to London on Saturday, Obama sought to address sceptics' fears head-on, admitting that some past trade agreements had "served the interests of large corporations and not necessarily of workers in the countries that participate in them". ...]
  • Donald Trump Hannity FULL Interview - April 21, 2016

    04/21/2016 10:31:14 PM PDT · by Greetings_Puny_Humans · 21 replies
    Teddy Forestor private account on YouTube ^ | Published on April 21, 2016 | Fox
    Previous thread pulled over "Title," so here it is again with exact title from You Tube. Summary: Trump asked about transexual-bathroom controversy starting at 8:35 mark. Basically says there are more important issues. Also states should be a local and state issue. Not something the federal government should be worrying about. Trump also asked, at 10 minute mark, about "taxing wealthy." Says would like to go after the wallstreet guys. Discusses closing loopholes, carried interests, etc. Hannity asks him directly about the "wealthy in general." Trump cites wallstreet guys, basically saying taxes might go up, but says in general taxes...
  • If I were a shill for industry ...

    04/19/2016 5:05:05 AM PDT · by Eric Pode of Croydon · 1 replies
    TribLive ^ | 13 March 2008 | Donald Boudreaux
    A blogger recently complained that I (along with my fellow bloggers from George Mason University's Department of Economics) "seem to be shills for industry." This lazy accusation is as familiar as it is mistaken, for if I were truly a shill for industry ... • I'd be wealthy, raking in many more dollars than I now take in from my job as a professor at a state university. • I would not have come by my strong preference for freedom and free markets when I was still an undergraduate at Nicholls State University in south Louisiana. Corporations are not known...
  • If You Have No Good Intellectual Arguments, Accuse Your Opponents of Being Shills

    04/19/2016 5:01:06 AM PDT · by Eric Pode of Croydon · 7 replies
    Cafe Hayek ^ | 18 April 2016 | Don Boudreaux
    The stupidest, lamest, and couldn’t-be-more-mistaken charge often leveled at those who find great merits in free markets (such as me and my colleagues at GMU Economics and the Mercatus Center, and my dear friends at institutions such as the Cato Institute and the Hoover Institution) is that we’re “bought off by” or are “paid shills for” rich business people. Such a charge or belief reflects an utter misunderstanding of economics and of how economies operate. Currently successful business people have a material interest in stifling at least some market competition and in themselves receiving handouts and special privileges from the...
  • I was told yesterday that Trump is a liberal Democrat. My reply:

    04/16/2016 6:24:54 PM PDT · by Jim Robinson · 1,028 replies
    I was told yesterday that Trump is a liberal Democrat. My reply: Build the wall. Enforce the law. Deport them all. End sanctuary cities. End anchor babies. Slap a moratorium on muslim immigration. Cut the taxes. Cut the spending. Cut the regulations. Cut the government. Cut the debt. Cut the EPA. Repeal ObamaCare. Get the feds out and allow health insurance to be sold over state lines. Send education back to states. Get a handle on trade. Make trade deals in our own best interests. Bring back capital. Bring back manufacturing. Bring back jobs. Strengthen the economy. Defend the second...
  • Shoe Company: Obama Admin Pressured Us to Stay Quiet on TPP (shut up or no Pentagon contract)

    04/14/2016 3:59:46 AM PDT · by quesney · 33 replies
    The Boston Globe is reporting that U.S.-based shoe manufacturer New Balance has come out hard against the Trans Pacific Partnership trade deal. The odd thing, though, is that "the Boston company had gone quiet [on TPP] last year." Now, apparently, we know why: New Balance officials say one big reason is that they were told the Department of Defense would give them serious consideration for a contract to outfit recruits with athletic shoes. But no order has been placed, and New Balance officials say the Pentagon is intentionally delaying any purchase. New Balance is reviving its fight against the trade...
  • The dignity of free trade

    04/13/2016 3:45:41 AM PDT · by expat_panama · 61 replies
    Trib Live ^ | April 12, 2016 | Donald J. Boudreaux
    Economists since Adam Smith have insisted that the ultimate goal of economic activity is consumption, not production. Production is a means to consumption. Consumption is the goal. Identifying something as a means rather than as an ultimate goal is not to diminish the importance of that something. The ultimate goal of the mother of starving children is to feed her family. Her hunting for food is the means of fulfilling that goal. But this fact does not imply that her efforts to secure food are unimportant. Yet when we ask “Why did this woman hunt for food?” the answer is...
  • Trump touts terrific tariff to fix manufacturing job loss in New York

    04/11/2016 5:10:50 PM PDT · by 2ndDivisionVet · 37 replies
    The Washington Examiner ^ | April 10, 2016 | Kyle Feldscher
    Donald Trump played up his plans to tax companies that move jobs out of the United States as he tried to appeal to blue collar workers in a New York rally Sunday. Speaking for about an hour Sunday in Rochester, N.Y., Trump recited statistics about the area's loss of manufacturing jobs and economic hardship in recent years. He reiterated his desire to tax goods sold by companies once based in the United States that moved away to find cheaper labor. The plan has been widely panned by economic experts. But the Rochester crowd ate it up. "I'm the only one...
  • What’s behind the revolt against global integration? [STOPPING THE "ELITES"]

    04/11/2016 3:09:45 AM PDT · by expat_panama · 30 replies
    Washington Post ^ | April 10 | Lawrence Summers
    Since the end of World War II, a broad consensus in support of global economic integration as a force for peace and prosperity has been a pillar of the international order. From global trade agreements to the European Union project; from the work of the Bretton Woods institutions to the removal of pervasive capital controls; from the vast expansion in foreign direct investment to major increases in the flow of people across borders, the overall direction has been ... ...more successful than could reasonably have been hoped. We have not had a war between major powers. Global standards of living...
  • Donald Trump’s HUGE admiration for Globalists

    04/10/2016 11:12:51 PM PDT · by JSDude1 · 31 replies
    Trevor Louden ^ | April 9, 2016 | Renee Nal
    Many Trump enthusiasts cite Heidi Cruz’s stint with the Council on Foreign Relations (CFR), where she advocated for the private sector, as an indication that presidential candidate Senator Ted Cruz is a “globalist.” If Heidi Cruz’s connection to the CFR makes Ted Cruz a globalist (despite Cruz’s extensive record of aggressively defending U.S. sovereignty), any thinking Trump supporter would also want to take into account presidential candidate Donald Trump’s repeated and vocal admiration for CFR President Richard Haass. During the GOP debate in Detroit on March 3, Fox News anchor Bret Baier asked Donald Trump for “two or three names”...
  • Pro-Trade Group Admits TPP Job Losses

    04/09/2016 5:10:00 AM PDT · by central_va · 36 replies
    prosperousamerica ^ | January, 27 2016 | Paola Masman
    A pro-trade group that wants Congress to approve the 12-nation Trans-Pacific Partnership released a study Tuesday forecasting large income gains — but also acknowledging hundreds of thousands of job losses in some sectors. The study by the Peterson Institute for International Economics euphemistically refers to job losses as “churn.” The study pegs the annual number at 53,700 per year during the 15-year implementation period, which means more than 800,000 total. And that’s the optimistic forecast by a group that supports TPP. Curtis Ellis, executive director of the American Jobs Alliance, said Tuesday on “The Laura Ingraham Show” that he does...
  • Trade Benefits America

    04/08/2016 2:15:00 PM PDT · by Kaslin · 79 replies
    Townhall.com ^ | April 8, 2016 | Linda Chavez
    "Trade" has become a dirty word in this year's presidential race, with candidates of both parties bemoaning the American jobs supposedly lost to foreign competition because of our trade policies. Donald Trump has repeatedly threatened a trade war with our most important trading partners, who, he claims, are "killing us." But Ted Cruz, Bernie Sanders and Hillary Clinton all fret about the issue and vow to take a harder stance, as well, if elected. Obviously, the message is resonating with the electorate, which makes it more dangerous still. Is there anything that can be done to reverse this sudden anti-free...
  • China Tells Foreign Firms: Brace for Bigger Competitors

    04/08/2016 4:30:48 AM PDT · by central_va · 3 replies
    industryweek ^ | Mar 15, 2016 | Bloomberg
    Foreign companies -- already with marginal access in industries -- are now up against mercantilist moves including a "Made in China" initiative. China Tells Foreign Firms: Brace for Bigger Competitors Table of Contents: Scouring China’s annual gathering of leaders for clues about business prospects, foreign companies got a clear message: Brace for bigger, stronger local competitors. Reform of the nation’s $18 trillion state sector will focus on making companies "bigger and better" with mergers and acquisitions pivotal, said the State-Owned Assets Supervision and Administration Commission over the weekend. That plan to create national champions is undermining the confidence of...
  • Government Announces Larger February Trade Deficit Despite Trade Deals

    04/08/2016 4:18:34 AM PDT · by central_va · 28 replies
    Coalition for a Prosperous America ^ | 4-7-16 | Coalition for a Prosperous America
    Washington ~ The federal government announced that the US trade deficit worsened yet again in February 2016. Modern trade deals continue to cause failures in US trade performance and loss of dynamic, diverse manufacturing and agricultural supply chains. Here are the relevant points from the report, released today. Trade deficit worsened: “The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $47.1 billion in February, up $1.1 billion from $45.9 billion in January, revised. ” Exports down on a three month average: “Average exports of...
  • “Free Trade” vs. Fair Trade

    04/07/2016 12:16:39 PM PDT · by central_va · 8 replies
    economyincrisis ^ | 4/7/16 | Economy In Crisis
    Video Link
  • It’s Time for a Moratorium on Chinese Investment

    04/07/2016 6:16:59 AM PDT · by expat_panama · 16 replies
    American Thinker ^ | April 7, 2016 | Robert Caskey
    The Shanghai Chinese Tower... ...an American firm designed that tower... ...a symbol of the country’s rise to... ...position Shanghai as one of the world’s leading financial center continues... ...one wonders why both the U.S. government and American businesses are actively working towards helping China... ... and undermine Washington’s own global influence... ,,,look at China’s fast and furious acquisition of American companies, an alarming development that has been met with deafening silence from the White House... ...China’s aggressive stance on acquisitions, with $100 billion on the table so far this year. Those deals include... ...facilities in the U.S. that are dangerously...
  • America: Out of Control and Heading in the Wrong Direction

    04/06/2016 10:26:36 AM PDT · by central_va · 20 replies
    economyincrisis ^ | April 06, 2016 | George Barlow
    hina now has accumulated approximately $3.2 TRILLION in convertible currency reserves, of which nearly $1.2 trillion are held in U.S. treasury bonds. This has happened through their escalating balance of trade surpluses with America – they sell to us much more than we sell to them every year. In the process, China has been instrumental in putting many of our American companies out of business. This is only possible because of our failed “free trade” policies. They are using their new found wealth to buy us out! Shuanghui International of China has agreed to buy the American meat processor Smithfield...
  • Trump Camp: Ted Cruz Is ‘The Reason Why Obamatrade’ Passed

    04/06/2016 10:14:35 AM PDT · by central_va · 45 replies
    breitbart ^ | 29MAR16 | Julia Hahn
    The reason why Obamatrade became law is because of Sen. Ted Cruz,” said Donald Trump’s senior policy advisor Stephen Miller on Monday’s program of Breitbart News Daily. Miller — who had been working for Sen. Jeff Sessions at the time that Sessions led the conservative opposition to Obamatrade in the U.S. Senate— said that Cruz’s “lobbying” effort to fast track President Obama’s Trans-Pacific Partnership “was the difference maker” that enabled fast track to pass. Like Sen. Cruz, Obama had been pushing for fast track to ensure the passage of TPP. Fast track lowers the 67 votes required to pass a...
  • Polls open in Dutch referendum on EU-Ukraine trade deal

    04/06/2016 6:24:02 AM PDT · by mac_truck
    AP ^ | 4/6/2016 | Mike Corder
    THE HAGUE, Netherlands (AP) — The Dutch voted Wednesday in a referendum on a far-reaching free trade deal meant to foster closer ties between Ukraine and the European Union that has run into opposition in the Netherlands where many see it as evidence of unwanted EU expansionism. The non-binding vote in the Netherlands exposes deep divisions about this country's place in Europe and comes less than three months before British citizens decide in their own referendum whether to leave the EU altogether. Dutch opponents of the EU-Ukraine association agreement argue its ultimate goal is bringing Kiev into the EU. Supporters...
  • Free Trade and the De-Industrialization of the United States

    04/06/2016 5:07:12 AM PDT · by central_va · 95 replies
    economyincrisis ^ | 4/5/16 | McKenna Service Company
    Manufacturing was the economic growth engine of United States. It helped to create the high paying jobs, improved living standards, national wealth, military might, and tax revenues. Unfortunately, there has been a dramatic decline in the above scenario for the United States in the 21st century. The U.S is rapidly turning into non-Super Power second rate country. Manufacturing is the basis for research and development and National Defense and once represented more than 28% of the jobs in the U.S. Although the absolute number of jobs in American manufacturing was rather constant at about 17 million from 1969 to 2002,...
  • Our High Trade Deficit Is Destroying Our Ability to Compete in the Economic Arena

    04/05/2016 5:58:34 PM PDT · by central_va · 16 replies
    economyincrisis ^ | March 02, 2016 | Jordan Bailey
    Recent economic reports, including some by the Economic Policy Institute (EPI), have delved into the devastating damages done to the American economy because of our sky-rocketing trade deficit. It’s no secret that the U.S. trade deficit is high. After all, our trade deficit is responsible for the transfer of over $1 billion a day to foreign countries. The EPI report took it a step further and claimed that our trade deficit increased our budget deficit by between $78.8 billion and $165.8 billion in 2012. Our trade deficit warrants attention because it is a devastating problem that is hurting not only...
  • Outsourcing the Educated

    04/05/2016 5:53:47 PM PDT · by central_va · 14 replies
    economyincrisis ^ | April 05, 2016 | James Moreland
    As unemployment has taken its toll on the United States, politicians continue to echo that education is the answer to the economic crisis. The question is: how will the well-educated ever provide for themselves when all the means to create wealth are flowing out of the country? Over the past twenty years, the United States has lost a massive number of lower and middle class value-added jobs. These are largely the manufacturing jobs that allowed the United States to support its own needs and export goods, which builds real wealth. However, many major economists predict that job losses should be...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Does the Cruz VAT Tax Solidify Trade Deficit? [aw!m vanity]

    04/03/2016 7:38:50 AM PDT · by Arthur Wildfire! March · 56 replies
    As I understand it, a VAT tax is very different than a national sales tax because it taxes every level of production and distribution. That gives imported products a grossly unfair advantage. ~~~ For example -- the price of a screw. First the ore value is taxed. Then the smelted steel value is taxed. Then the steel distributer is taxed. Then after the screw is made, the value of the screw is screwed again. Then the screw wholesale value is screwed. Then the retail value is screwed again -- the only visible aspect of the tax. The rest of the...
  • Blue collar voters: Trade is killing us (Wisconsin mentioned)

    04/03/2016 4:54:10 AM PDT · by cba123 · 29 replies
    McClatchy DC ^ | April 2, 2016 | By David Goldstein
    Maurice King worked for Joerns Healthcare, a medical furniture manufacturer, for nearly 43 years. Until suddenly one day, he didn’t. Joerns shuttered its plant in Stevens Point, Wis., in 2012 after years of gradually outsourcing work to China. It cut loose 175 workers. Now the 62-year-old former local steelworkers union president works a 2-11 p.m. shift at a fan factory. No more local fish fries on Friday nights with his wife, or his side job for 25 years as town chairman in Dewey, population 975. He hasn’t yet earned a week of vacation. As for retirement? That’s been pushed back....
  • Trump: Ted Cruz Will Implement Obama’s Trade Agenda If Elected

    04/02/2016 9:15:54 PM PDT · by BlackFemaleArmyCaptain · 48 replies
    Billionaire Donald Trump, the 2016 GOP presidential frontrunner, told Breitbart News exclusively that Sen. Ted Cruz (R-TX) “will vote for” Obamatrade “again” after the election—and would implement Obama’s trade agenda if elected president. “Now, he’s going to vote for it again,” Trump said in a phone interview on Friday. “He’s going to vote for it again. He’s just waiting for after the election. He will vote for it—because the people who give him campaign contributions want it. He will vote for it right after the election.” The first time that the Trade Promotion Authority (TPA) legislation came up in the...