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    Is the Democratic Blockade of Trade Really Over?

    This time about three years ago, a California Democrat exercised legislative power to do something unprecedented in America’s international trade policymaking. Effectively ending more than five decades of bipartisan consensus on trade policy, on April 10, 2008, then-House Speaker Nancy Pelosi and her like-minded colleagues unilaterally and irresponsibly amended House … More

    Spoonful of Sugar Needed to Stomach U.S. Trade Policy

    Early American colonists, no strangers to the perils of intrusive government, protested the Molasses Act of 1733, which imposed taxes on imported sugar, rum, and molasses. Sugar taxes ignited a desire for trade freedom that helped lead to revolution. In the United States today, sugar policy consists of regulations and … More

    Government Borrowing v. U.S. Exporters

    Some of the stiffest competition facing U.S. exporters does not come from Europe—or even China—but the U. S. Treasury Department. Yesterday, the U.S. Bureau of Economic Analysis (BEA) announced that foreign customers spent $1.83 trillion on U.S. goods and services in 2010. They spent $119 billion on U.S. agricultural exports, … More

    China-Japan Tiff: A Trade Lesson for the U.S.

    China and Japan had a diplomatic disagreement this past week. Of the many facets to this dispute, at least one has implications for the U.S.: during the diplomatic standoff, Chinese shipments of rare earth minerals to Japan were interrupted. The U.S. is in a much stronger position than Japan but … More

    Goolsbee Appointment Good News for Global Trade

    President Obama reportedly plans to name Austan Goolsbee to head his Council of Economic Advisers. This appointment is good news for advocates of expanded international trade. One of the world’s leading trade economists, Jagdish Bhagwati, described Goolsbee as a valuable source of free-trade advice over almost a decade. During the … More

    Trade Deficit Reality Check

    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 … More

    Trucking Dispute: New Mexican Tariffs Force More U.S. Goods to 'Hit the Brakes'

    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 … More

    Celebrate Manufacturing Workers, Too!

    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 … More

    Chinese Investment: Danger or Opportunity?

    Growing Chinese investment around the world is a major international economic development. In the U.S., the story is how limited Chinese investment is beyond government bonds. Limitations on Chinese investment in the U.S. are not imposed by the PRC. Other than bonds, the PRC invests primarily in natural resources, and … More

    The Cost of a Seat at the Table

    President Barack Obama recently announced the appointment of 20 private-sector members to the President’s Export Council. Although the President promised to provide Americans an “unprecedented level of openness in Government,” the White House announcement did not mention the numerous financial connections between President Obama and his appointees. To correct that … More