The European Union has finally put an end to nearly 50-years of quotas on sugar prices. Despite the seemingly good news, the measure is overshadowed by the fact that the EU not only maintains large tariffs on sugar imports, it also recently announced that it will probably continue backdoor-protectionism regardless. 50 Years of Market Distortion … Continue reading The EU Is Still Sweet on Protectionism
In 1979, then-California Gov. Ronald Reagan launched his presidential campaign saying, “A developing closeness among Canada, Mexico, and the United States—a North American accord—would permit achievement of that potential in each country beyond that which I believe any of them—strong as they are—could accomplish in the absence of such cooperation. “In fact, the key to our … Continue reading Opposing free trade is a leftist trait
As the United States, Canada, and Mexico prepare for next month’s North American Free Trade Agreement negotiations, several environmental and labor groups have slammed the agreement, calling for an overhaul of NAFTA priorities. However, many environmental groups continue to attack the trade agreement. Environmental groups claim that NAFTA has contributed to pollution in member countries. … Continue reading Environmentalists and Union Bosses Hate NAFTA. Here’s Why They’re Wrong.
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