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  • Chinese Imports Create U.S. Jobs and Help the Poor

    The recently concluded presidential campaign contained a substantial amount of China-bashing from two candidates fighting over who would be tougher on trade. In reality, getting tough on trade would mean getting tough on poor people and destroying U.S. jobs. A working paper from University of Chicago scholars Christian Broda and … More

    Russia Trade Bill Provides Opportunity for Bipartisanship

    Elected officials will face many contentious issues affecting economic and foreign policy during the upcoming lame-duck session of Congress and heading into 2013. However, one issue on which they should be able to work together is extending permanent normal trade relations (PNTR) to Russia. Russia officially joined the World Trade … More

    Government Waives Destructive Jones Act for 12 Days—Why Not Longer?

    In the aftermath of Hurricane Sandy, the federal government recently waived the Jones Act for 12 days to allow oil tankers to deliver fuel to northeastern ports. The Jones Act, which has been on the books since 1920, mandates that any goods shipped between two points in the United States … More

    What Does the Obama Administration Have Against Cheap Vegetables?

    The Obama Administration’s Commerce Department recently took a preliminary position in favor of ending a 16-year-old trade agreement governing tomatoes imported from Mexico. The Florida Tomato Exchange asked the Administration to end the agreement because it doesn’t want to compete with low-priced tomatoes grown in Mexico. This announcement took Mexico … More

    The Jones Act vs. Affordable Energy

    The Wall Street Journal recently highlighted another Washington regulation that is holding back the economy. But this one can’t be blamed on President Obama, because it was enacted over 90 years ago. The protectionist Jones Act requires shippers transporting goods between two points in the United States to use vessels … More

    Chinese Auto Subsidies: Hypocrisy from the Obama Administration

    The Obama Administration recently filed a case with the World Trade Organization, alleging that China provided at least $1 billion in subsidies to Chinese carmakers from 2009 to 2011. On the same day, The Wall Street Journal reported that if the government sold its 26.5 percent stake in General Motors, … More

    Budget Deficits vs. Exports

    The federal government recently announced that it is expected to run a budget deficit of more than $1 trillion for the fourth straight year. One often-overlooked result of these large budget deficits is their negative impact on U.S. exporters. Sales of U.S. Treasury securities to foreigners are not counted as … More

    Russia Trade and Human Rights: Still Time for Congress to Act

    Earlier this year, over protests from the country’s communist party, Russia agreed to join the World Trade Organization (WTO). Now Congress is considering legislation that essentially says, “We want U.S. companies to benefit from the concessions Russia made to join the WTO.” This would be accomplished by ending application of … More

    Trading Up to Create Better Jobs

    According to a recent USA Today/Gallup poll, creating good jobs should be the number one priority for the next President. One of the best ways to create good jobs is to expand free trade. Consider the following numbers: In the five years after the North American Free Trade Agreement (NAFTA) … More

    Russia and the World Trade Organization: Congress Should Not Sacrifice Human Rights

    Yesterday, the House Ways and Means Committee approved H.R. 6156, the Russia and Moldova Jackson-Vanik Repeal Act of 2012, by voice vote with only one “nay.” This is a step in the right direction, given that Russia will join the World Trade Organization (WTO) on August 22. The 1974 Jackson–Vanik … More