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    It’s Not the Value of the Chinese Currency: The Proof in Charts

    While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the foreign exchange market. However, the yuan–dollar exchange value has no effect on the U.S.–Chinese bilateral trade balance. This is because a lot has changed in … More

    President Obama Should Lift Ban on Energy Exports

    America’s Founders felt the freedom to export was so important that they included it in the U.S. Constitution: “No Tax or Duty shall be laid on Articles exported from any State.” President Obama should reaffirm that vision by removing restrictions on energy exports. Today, the U.S. government limits exports of … More

    Energy Exports: Free Trade for Me, but Not for Thee

    Some corporate interests are lining up to fight economic freedom in the United States by maintaining the government’s restrictions on energy exports. Their efforts are seen by some to be remarkably hypocritical—even by Washington, D.C.’s low standards. For example, oil refiner Valero fears that exporting U.S. crude oil could decrease … More

    Don’t Wait to Cut U.S.-EU Tariffs

    The United States and the European Union (EU) are currently negotiating a proposed Transatlantic Trade and Investment Partnership (TTIP). A recent survey by the Atlantic Council and the Bertelsmann Foundation of over 300 “stakeholders” who have an interest in the TTIP talks suggests a possible strategy to jumpstart the agreement. … More

    U.S. Senators to Japan: Do as We Say, Not as We Do?

    A recently released letter from 18 U.S. Senators to U.S. Trade Representative Michael Froman asked Japan to open its agricultural market to foreign exports in ongoing Trans-Pacific Partnership (TPP) trade negotiations: In previous trade negotiations, the United States requested and received full and comprehensive liberalization in the agricultural sector from … More

    U.S. Trade Deficit: Made in Washington, D.C.?

    The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S. government debt. Japan owns another $1.186 trillion. It is no surprise that China and Japan are also the two countries with which the United States … More

    Lawmakers’ Currency Demands Could Backfire on U.S. Exporters

    A number of U.S. legislators want to give the Obama Administration the power to impose tariffs on imports from countries that manipulate their currencies. Such a policy could boomerang on U.S. exporters if other governments follow suit, since reductions in the value of the dollar in recent years could be … More

    Are These Senators Regretting Their Export-Import Bank Votes?

    For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for Roy Hill, an Australian mining company. The deal, backed by the Export-Import Bank, the U.S. government’s export credit … More

    Murkowski Pushes for Natural Gas Exports

    The Department of Energy (DOE) approved its third application to export natural gas a day after Senator Lisa Murkowski (R–AK) released a white paper calling for the Administration and the DOE to quit stalling on permits. As Senator Murkowski said in her press release: We’ve carefully examined the issue of … More

    Imports: Let’s Hear More Economic Sense Like This from the President

    As President Obama heads to Chattanooga, Tennessee, today to give a speech at an Amazon.com fulfillment facility, he finally seems to be coming around on the positive effects that imports have on the economy. For a long time, the President failed to acknowledge that both exports and imports create jobs … More