Washington, D.C. – Following today’s announcement that the U.S. and China have finalized an agreement allowing for American beef exports, House Agriculture Committee Chairman K. Michael Conaway (TX-11) and Livestock and Foreign Agriculture Subcommittee Chairman David Rouzer (NC-07) made the below comments: “As one of the world's largest importers of beef, China has long-been an … Continue reading $2.6 billion deal means more Texas beef going to China
When we discuss international trade and balance of payments, there are two types of accounts. There is the current account, which includes goods and services imported and exported and receives the most political attention. In 2016, the American people imported $479 billion worth of goods and services from Chinese producers, and we sold $170 billion … Continue reading US Trade Deficit With China Is Not a Big Problem. Here’s Why.
By Howard Schneider and Jan Strupczewski WASHINGTON (Reuters) - Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico. Some of Trump's policy advisers named allies like Germany and Japan as possible … Continue reading Global finance leaders find a more temperate Trump in Washington
European Union and Japanese leaders recently met in Brussels to further negotiations for a free trade agreement. As the EU and Japan work together to boost their economic, political, and security ties, sentiments in the United States seem to be turning away from free trade in favor of protectionism. President Donald Trump has fueled anti-trade … Continue reading US Falling Behind on Trade, While Japan and EU Thrive
By David Morgan WASHINGTON (Reuters) - Conservative activist groups that generally support Republicans but oppose a pro-export, anti-import Republican tax proposal, released a study on Thursday estimating its impact on individual U.S. states, underscoring the party's division over taxes. With taxes at the top of Republican priorities, the two groups, backed by the wealthy Koch … Continue reading Conservatives attack proposed US border tax
Interior Secretary Ryan Zinke just acknowledged the elephant in the room. “The Rio Grande, what side of the river are you going to put the wall?” he said, speaking at the Public Land Council’s Legislative Conference. “We’re not going to put it on our side and cede the river to Mexico. And we’re probably not … Continue reading Border wall will literally dry up hundreds of thousands of American jobs
Try to think of a country that elected a populist president: someone who wanted to boost manufacturing jobs, insists that domestically-sold products should be made domestically, and threatens to use tariffs to shut off foreign competition. How would that work out? I am, of course, referring to President Cristina Kirchner of Argentina, not President Donald … Continue reading Argentina Already Tried Trumponomics