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China

Trump Administration Announces Phase One of Trade Deal With China

The U.S. and China confirmed completion of a first phase for an agreement to address trade concerns.

December 16, 2019 — Allen Johnson 1576512659

China Sets New Tariffs On U.S. Goods

Trump Lashes Out At China. 

August 23, 2019 — Allen Johnson 1566579321

President Trump Retreats on Chinese Tariffs

Almost every economist says Trump's tarrifs are not good for the economy.

August 14, 2019 — Allen Johnson 1565811684

U.S. Must Guard Against Trade War Escalation Using Rare Earth Elements

As the U.S.-China trade war escalates, rare earth elements have become a focal point of economic tension.  Described as an “ace in Beijing's hand", China produces 81 percent of the world’s rare earth elements, with the U.S. importing 80 percent of its rare earths from the Sleeping Giant.  Despite these figures, Chinese dominance over U.S.

June 12, 2019 — CAGW Staff 1560373576

Ex-Im Bank Resurrected by Trump

For the first time since 2015, the U.S. Export-Import Bank can approve deals of more than $10 million, because the Senate confirmed three new members of its board of directors, giving the bank a required quorum needed to approve larger deals. Senators confirmed Kimberly Reed as bank president along with Judith DelZoppo Pryor and former Rep. Spencer Bachus (R-Ala.) on May 8, 2019.  The three nominees were all picked by the Trump administration.

May 10, 2019 — Allen Johnson 1557515486

Chinese Data on Trade Shows Imports From America Have Fallen in 2019

About a year ago, President Donald Trump’s administration imposed heavy tariffs on foreign manufactured aluminum and steel.  This triggered a domino effect of retaliatory tariffs with China.

The administration’s protectionist moves have scared American businesses and investors. In all, the U.S. has put tariffs on $250 billion of Chinese goods.  The administration has justified these tariffs by claiming that trade protectionism creates domestic jobs.  However, that anecdotal claim is untrue.

April 12, 2019 — Allen Johnson 1555088659

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