Reports from the Economic Policy Institute (EPI) are being misrepresented by leftist organizations like the AFL-CIO and the Alliance for American Manufacturing. The purpose of these misrepresentations? To create a false and misleading picture of the relationship between international trade and employment. Close examination reveals that trade deficits are not …
Consider these recent print headlines: Economic Growth Slowed by Trade Gap; Economic Growth Cut Sharply Due to Trade Gap; and Economy Slows to 1.6 Percent as Trade Gap Widens. The people who wrote those headlines and the corresponding articles must have awfully short memories. Last year, the trade deficit fell …
Revving up its trade dispute with the Obama Administration over trucking, on August 16 the Mexican government announced revisions to the list of U.S. goods subject to tariffs when they are imported into Mexico. Although Mexico will remove 16 U.S. products from the list of 89 that are currently subject …
Do as I say, don’t do as I do. This is the message the Obama Administration and Congress are sending to fellow democracy India. While correctly pressing India to liberalize trade and investment, President Obama continues to hector India on outsourcing, and Congress has now transformed the talk into ugly …
The United States spent $28.7 billion dollars in 2009 on official development assistance, more than any other country in the world. There is no denying that many people in poor nations live in desperate conditions and Americans rightly want to help them improve their lives. In an effort to measure …
In 2000, the African Growth and Opportunity Act (AGOA) was signed into law to boost America’s economic relationships with African nations. Since its inception, the level of trade between the United States and African countries has grown significantly, but most of that increase has been in the extractive industries. Broadening …
If Congressman Peter Defazio (D–OR), sponsor of the End the Trade Deficit Act, had grown up in Kansas instead of Massachusetts, he might have learned a valuable lesson from an association called the Kansas Agri-Women. In 1978, this group started placing billboards across the state proclaiming, “One Kansas farmer feeds …
