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  • A Trade War Averted For Now

    On April 6, last minute action by the Obama administration averted a near trade conflict with Brazil concerning the trade-distorting U.S. cotton subsidy programs. With the provisional deal, the U.S. avoided about $830 million in trade sanctions on over 100 American exports targeted by Brazil.  Those retaliatory tariffs would have … More

    The Kyrgyz Republic Cries for Economic Freedom

    The Kyrgyz Republic, host to a strategic U.S. airbase at the Manas airport, is in political turmoil triggered, at least on the surface, by government-mandated price hikes in fuel, electricity, and mobile phone rates. The landlocked economy is one of the poorest of the former Soviet Union, and the economy’s … More

    Freedom: Key Indicator of Support for America’s Interests in the U.N.

    In her March 30 speech at the opening ceremony of the National Model U.N., Ambassador Susan E. Rice, U.S. Permanent Representative to the United Nations, pointed out that: Important as the United Nations is as a vehicle to promote global security, foster broad-based development, and advance collective interests, the UN … More

    North Korean Economic Freedom: How Low Can You Go?

    While we are moving into spring, North Korean leaders have decided to stay out in the cold of economic isolationism. In a move sure to solidify its position in the Heritage Foundation’s Index of Economic Freedom, North Korea signaled April 1 that it would gradually terminate its experiment with free … More

    Time to Reverse Canada’s Sharp Competitive Edge against the U.S.

    Early this year, the 2010 Index of Economic Freedom, the Heritage Foundation’s data driven policy guide, reported that our economy is no longer in the top tier of economically free countries.  Worse, still, we slipped behind our northern neighbor Canada for the first time in the Index history. This disappointing … More

    Declining Economic Dynamism in the Euro Zone…. A warning for the U.S.

    The eleven year old euro zone, the world’s second largest economy after the U.S., confronts a cold reality: its members lost economic vitality over the euro’s first decade, as shown in this WSJ chart. The WSJ reports: [The] appetite for structural overhaul is low among Europeans, who have long believed … More

    Wyden-Gregg Bipartisan Tax Reform Would Enhance Economic Freedom

    In a time when the usage of the word “bipartisan” spawns cynicism among taxpayers across the 50 states, a recent bipartisan Senate bill stands out as an exception. “The Bipartisan Tax Fairness and Simplification Act of 2010,” introduced by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), is a serious … More

    Brazilian Tariffs: Test for President Obama's National Export Initiative

    In a retaliatory response to the U.S. government’s unwillingness to eliminate domestic cotton subsidies, Brazil has announced higher tariffs on over 100 American goods ranging from cars to ketchup. Trade issues are central to the bilateral relationship between Brazil and the United States. Brazil is an attractive export destination for U.S. … More

    No More Talking Points - It's Time for Economic Freedom

    Last week, Secretary of Commerce Gary Locke delivered a speech at the National Press Club titled “Back to Basics: A Blueprint for Exports-Driven Job Growth,” and remarked that “[President Obama’s National Export Initiative] will correct an economic blind spot that has allowed other countries to chip away at America’s international … More

    U.S. Losing Global Competitiveness with High Corporate Tax Burden

    High corporate tax rates are undermining U.S. international competitiveness. The global economy continues to demand that companies be flexible and swift in order to remain competitive. High tax rates deprive companies of both the means and the incentive to take advantage of new market opportunities or technological changes that can … More