Author Archives | stumo

Comments to USTR National Trade Estimate due October 29

The Office of the US Trade Representative publishes a pretty good annual report called the National Trade Estimate. The National Trade Estimate Report on Foreign Trade Barriers (NTE) is an annual series that surveys significant foreign barriers to U.S. exports. The report provides, where feasible, quantitative estimates of the impact of…

Posted in Trade1 Comment

Michael Froman’s PR Blitzkrieg

Ambassador Michael Froman is blitzing the country trying to push the economy-killing, sovereignty-outsourcing Trans-Pacific Partnership.  He presented in Des Moines, Iowa recently at a “Made in Rural American Regional Forum”.   Weird, because he is promoting trade and global government deals that erode our Buy American laws and promote subsidized imports….

Posted in Trade Agreements1 Comment

Andy Grove on Loss of U.S. Manufacturing

Former Intel CEO Andy Grove disagrees with the “products of the world” people who say it doesn’t matter where things are made.  This is an older article, but he outlines how you have national economic success. Some excerpts from Grove before the long article below: Consider this passage by Princeton University…

Posted in Economy, Technology1 Comment

Congress Sends Obama Letter on TPP and Vietnam Human Rights

Thirty five Congress men and women from both parties sent President Obama a letter last week expressing serious concerns about including Vietnam in Trans Pacific Partnership talks. Vietnam is a serial abuser of human rights. The letter stated: Despite its election to the United Nations Human Rights Council, the Vietnamese government…

Posted in Trade AgreementsComments Off

Chinese Latest Attacks on TradeReform Blog

CPA’s IT guy just updated me today on a recent hacking bombardment of our TradeReform blog.  Over 3500 servers from across the world have tried to hack into this blog in the last week.  It was a big coordinated attack. I think it’s the Chinese but am not sure.  As they…

Posted in China2 Comments

Video: Tesla Factory

The general population doesn’t fully understand that manufacturing is not industrial revolution dirtiness anymore.  Most plants are very clean, bright, high-tech working environments.  The many plants remaining in the U.S. – those that have so far withstood the foreign mercantilism onslaught – are very good at what they do.  They are very…

Posted in Technology1 Comment

Trade Deficit Stunted 2nd Qtr US GDP Growth

Recall that the US Trade Representative’s office and others have a goal of “more two way trade” and more exports. They do not have a goal of “net exports.”  Theirs is a stupid and destructive goal, as you’ve heard me say before. I bring this up because the latest GDP…

Posted in EconomyComments Off

10 reasons why TPP could be in the Doha stage.

This blog post ended up much longer than I intended when I started.  Maybe it will spark some debate. Trade negotiations are on the rocks and may never recover.  What then?  Perhaps domestic policy tools should be the focus.  That’s what China does.  And what Japan did.  They didn’t try…

Posted in Trade2 Comments

Jack Lew Evades Jim Cramer’s Trade Questions on CNBC

  Treasury Secretary Jack Lew refused to answer question about U.S. trade performance under trade agreements.  Jim Cramer of CNBCpressed Lew on whether we have surpluses under our trade agreements, to no avail. (Of course an accurate answer would be that our trade agreements produce large net negative trade results for…

Posted in China, Trade, Trade Agreements3 Comments

NAM asks for Tariff Elimination in TPP

In a world of complex and multidimensional mercantilism that goes far beyond tariffs, the National Association of Manufacturers (NAM) and others still focus on tariffs.  Tariffs are the kindergarten version of trade distortions… and indeed tariffs have been used as a way to combat trade distortions and create growth. Some…

Posted in Trade Agreements1 Comment

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