The company said Tuesday that about $750 million will go to the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years. Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added. Read the article
Congressional leaders reached an agreement to bar Chinese buses and rail cars in a move that could severely hinder the electric vehicle industry’s ability to meet demand from cities that want to lower their carbon emissions. Read the article
Trade wars are an aftereffect of protectionism. Protectionism is not necessarily a bad thing. For instance, the Boston Tea Party was part of a trade war. Tariffs can help protect domestic businesses, jobs, and revenue against competition from foreign imports. Read the article
CPA believes that the tariffs on China should be increased to 25 percent across the board, and made permanent. CPA research has demonstrated that such tariff action could boost US GDP by $125 billion over five years, with 721,000 new jobs created. Read the article
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
