Should tariffs be removed as a gesture of peace with China, the trade war is over and China can take a victory lap. China wants to roll back tariffs in order to stop the current supply chain exodus. Read the article
President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions, according to people familiar with the matter. Read … Read More
Jim Cramer says that the recent economic numbers taught him that everything Harvard taught him about economics was wrong. Harvard taught him in the 70s that you cannot have job growth with mild inflation, and that rapid job growth would fan the flames of inflation. That has been disproved by today’s economy of higher tariffs … Read More
Hundreds of US manufacturers have jointly signed a petition to President Trump reiterating their support for Section 301 tariffs on subsidized imports from China. In a letter to the president, sent ahead of a planned December 15 tariff increase, more than 260 domestic manufacturers expressed their “sincerest appreciation” for the tariffs in response to China’s repeated … Read More
Make no mistake, we demanded a trade deal that benefits workers and fought every single day to negotiate that deal; and now we have secured an agreement that working people can proudly support. Read the article
The U.S. Beef Integrity Act (Act) is a voluntary measure that would reserve the U.S. label only for meat that is exclusively born, raised, and slaughtered in the United States. The letter explains that the Act’s attempt to correct just the one isolated problem in which foreign beef can be mislabeled as a “Product of … Read More
U.S. consumers who haven’t been buying American products and have been getting their Scotch whiskey, cheese, wine, coffee, olives, and cashmere sweaters from Europe will pay more for the privilege of supporting foreign producers who pay no taxes to America. The Trump administration, on October 18, imposed 25 percent tariffs on several European imports following … Read More
Economist Peter Morici explaining why the U.S. is winning the trade war and why China is losing…yes, finally an economist that has put pulled his head out of the economic textbook (which is full of theories of how free trade is best) and put it in the real world to see what is actually happening! … Read More
Anyone doubting that tariffs work for the benefit of the U.S. needs to read this article. This should remove all doubt. Read the article
A Chinese national who worked for Monsanto before it was purchased by Bayer AG was charged in St. Louis, Missouri, on Thursday with stealing trade secrets for China, the U.S. Justice Department said. Read the article
