Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
CPA's Balanced Trade Push
Jesse Richman, 6/11/2014
The Coalition for a Prosperous America has launched a new push to enact legislative language prescribing balanced trade as a national trade policy objective. We heartily endorse this effort. As we argued in our recent book Balanced Trade, imbalanced trade has a wide range of negative short and long term consequences for the U.S. economy. Balancing trade is an essential element of U.S. trade policy. Although only a beginning, a good place to start is with the effort to legislatively define this as the goal U.S. executive branch officials should be pursuing.
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- German mercantilism and the European depression
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- Pacific Trade Deal would Bind Congress -- an account of Jesse and my appearance on Laura Ingraham show yesterday at 10:30am
- TPP supporters planning to postpone vote
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- Our New Book -- Balanced Trade
- Morici wrote a good summary for Fox Business of the long-term problems caused by trade deficits
- Virus killing U.S. piglets probably came from China
- China stealing US Chicken Industry -- we're published in today's American Thinker
- China forcing U.S. chicken producers to move farms and processing plants to China and use non-U.S. corn
- Great op-ed by Ken Davis and Will Wilkin about the Korea-US trade treaty in Samford Advocate on Wednesday
- Donald Trump leads off with China's currency manipulation in his CPAC speech yesterday
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- Fast Track to a Bad Deal -- we're published in American Thinker this morning
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- Why are we letting China buy American Companies?
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- Excellent NY Times Op-Ed on the Trade Deficit
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- Euro-Area Unemployment Rate Rises to new record of 11.8%
- Gore's Other Big Lie -- We're published in today's American Thinker
- Obama asking for more balanced trade with China
- US Trade Deficit with China Hits Another Record
- If not now, when?
- Obama Fiddles while China gets Jeep -- we're published in today's American Thinker
- Some recent academic papers on mercantilism
- Polls shift toward getting tough with China on trade
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- Costs of the Trade Deficit
- Ken McClenton: "The scaled tariff is a wonderful, wonderful idea!" -- listen to his interview with Jesse on The Exceptional Conservative radio show
- Morici: "Governor Romney is right. The United States must get tough with China"
- The Wall Street Journal Criticizes Romney Calls Him a Protectionist
- Net Manufacturing Investment was a miniscule 0.18% of US GDP in 2011
- Recent Economic Research on Effects of Trade
- Of Housing Bubbles and Trade Deficits
- "Deficit Spending Doesn't Work, Balanced Trade Does" - we're published in today's American Thinker
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- Spain cuts its trade deficit the hard way
- Obama, Romney miss the elephant in the room -- Charles Campbell nails it in today's Baltimore Sun
- Another new low for US-China trade
- Mercantilism and Free Trade Aren't the only Alternatives
- Who's the Real Outsourcer? - we're published in today's American Thinker
- Who's the real outsourcer, Romney or Obama?
- Now Korea is Cleaning Our Clock
- Mercantilism eats Free Trade
- Saving Greece, Europe and the United States -- we're published in today's American Thinker
- Commerce Department imposes tariffs on Chinese solar panels
- U.S. net exports fell in March
- Here Comes the Made-in-China Cadillac - we're published in today's American Thinker
- Why Lawrence Summers failed
- GM caves again -- will build Cadillacs in China
- Geithner thinks his failed trade policy was a success
- Obama's trade policy will be an issue in the coming election
- Morici on China's announcement to widen the daily trading range of the yuan
- China posts March trade surplus
- The strange notion that U.S. trade is balanced
- Mexico getting set to impose high tariffs on U.S. chicken legs - final decision by August
- Falling Yuan Latest Failure of Obama's Trade Policy -- we're published in today's American Thinker
- Romney: "I will not continue an economic relationship that rewards China's cheating and penalizes American companies and workers"
- China preventing Apple from selling legitimate iPads while permitting sale of knock-offs
- China's trade strategy explained
- US merchandise trade deficit with China set a new record in 2011
- Emmanuel Goldstein makes the case for our Scaled Tariff in his blog
- Growing trade deficit quashing recovery -- again!
- Romney ad hits Obama for letting China counterfeit US intellectual property
- Jack Davis commentary may have given Romney the win in Iowa
- Santorum emphasizes bringing back U.S. manufacturing in his Iowa victory speech
- China raises their 25% tariff on American-made cars
- Republican presidential candidate Gov. Buddy Roemer would require balanced trade
- Newt Gingrich on Trade
- China to devote $1700 billion to new import-competition
- New Scaled Tariff Article Published
- Wishful thinking expanding, but the trade data are flat
- Germany, the Euro and the Gold Standard
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- Senator Webb Introduces Bill to Combat Chinese Intellectual Property Grabs
- American Production of the iPod? Setting the Record Straight
- "What Would Keynes Do?" The Diagnosis is Right. The Solution?
- Will Obama Answer This Question
- Net U.S. manufacturing investment was 0.08% of GDP in 2010
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- Obama correctly identifies one of the reasons for his economic failure!
- Pat Buchanan's history lesson about the trade deficits
- Why Obama's job speech failed
- Romney on Trade
- QE2 could have worked had Bernanke bought foreign currencies instead of Treasury bonds
- June trade data showed a worldwide slowing of business investment
- Gordon Chang: "The Chinese have a right to maintain mercantilist practices. Yet we have every right to counter them."
- Is Dark Horse McCotter the best Republican Candidate on Trade?
- Candidate Positions on Trade in the Fox News Debate 8/11/2011
- Asian central banks step up currency manipulations
- Will Asia Pull Back from the Dollar?
- U.S. Net Exports to China set record 12-month low in May
- Prof. Gomory On Our Need to Balance Our Trade With China
- Government procurement is a one-way street between U.S. & China
- Congress should reject the Free Trade Agreements unless a Balanced Trade Clause is added
- Economist Peter Navarro Accuses China of Unfair Trade Practices
- There Is a Trade Multiplier. There Is No Keynesian Multiplier
- Mark Steyn's explanation of our politically correct military policy also explains our trade policy
- Jed Babbin correctly identifies power as one of the goals of Chinese mercantilism
- Morici: Create jobs by ending Bush & Obama's "appeasement" trade policy
- Palin calls for balanced trade
- It Wasn't About Medicare: Jack Davis' Message for the Republican Party -- we're published in Enter Stage Right this morning
- U.S. Trade Deficit grows to $571 billion, driving GDP growth down to 1.8% in 1st Quarter
- Navarro's new book "Death by China"
- Obama gives China a free pass to continue currency manipulations
- Roubini: China is slowing the recovery in the U.S. & U.K.
- Trump rising rapidly in GOP polls
- The Korea Free Trade Agreement would Enable Korean Mercantilism
- Where's the Beef?
- Geithner thinks our trade problems with China are solving themselves
- Are China's coming reductions in import barriers a short-term or a long-term change?
- Rush Limbaugh apparently agrees with Donald Trump on China trade in March 1 interview
- Rising ChinaTrade Deficit Cost One-Half Million U.S. Jobs in 2010
- Donald Trump closing on leaders in Republican race
- G20 ministers again let China veto meaningful measures to address trade imbalances
- Did Geithner lean on U.S. regulators on behalf of the Chinese government in June 2009?
- France pushing G-20 deal to adress global imbalances
- Is the 2010 Trade Report the Prelude to a Dollar Collapse?
- Donald Trump at CPAC
- Morici: Events in Tunisia and Egypt were caused by Chinese mercantilism
- Evans-Pritchard on China
- Obama-Hu Summit Ignores our Imports from China
- How to Balance Our Trade with China and Put Americans Back to Work
- Hu Knows?
- The Give-Away Summit
- U.S. Trade Deficit with China edges up in November
- U.S. free trade policy promotes worldwide authoritarianism
- China rounds up the usual suspects
- Donald Trump calls for a 25% tariff on Chinese products
- AEA features Dismal Forcasts of America's Economic Future
- What do Obama's new top appointments have in common?
- Requiem to Roger Milliken and red-lentil stew
- The North American Unilateral Free Trade Agreement
- Proposed 'Scaled Tariff for Balanced Trade Act'
- Richard Duncan: World Economy on the Brink of Disaster (in 5 to 10 years)
- Hubbard and Navarro advocate VAT and end to currency manipulation in new book
- EPA regulation of carbon dioxide to begin January 2
- Will improved trade deficit of October be temporary?
- Bernanke to China: Stop Hurting Us or You'll Hurt Us -- We're published in today's American Thinker
- China's competitor to Boeing and Airbus
- Heartland Poll: Continued Public Support for Action on Trade
- Bernanke starting to catch up to Evans-Pritchard
- American Economic Leaders keep giving Advice to China
- Bernanke has learned what Richard Duncan explained in 2005
- D.J. McGuire: Obama may be "best-equipped American leader to take the CCP on"
- Obama and the House can produce Economic Growth
- Paying the Piper
- Gordon Chang: China is not making the transition to a consumer-led economy
- Geithner backtracks from his call for balanced trade
- Obama's Failing Industrial Policy
- Just-elected Republican Congressman Allen West from Florida calls for tougher stance on Chinese trade
- Speak Loudly, but carry No Stick!
- Geithner calls for balanced world trade
- Geithner undercuts Bernanke's negative-interest rate plan
- Krugman: China is a "rogue economic superpower, unwilling to play by the rules ... What are the rest of us going to do about it"
- The 'Move Your Corporate Headquarters Offshore' Act -- We're published in today's American Thinker
- Democrats Increasingly Turning to Trade Theme
- European Central Bank calls for a fixed exchange-rate system
- Gomory calls for Import Certificates to balance trade
- Let's have an Honest Trade Debate
- Michael Savage proposes 20% tariff on Chinese products
- WTO Helping China Loot Caterpillar -- We're published this morning in the American Thinker
- Trade pacifism killing Canada's Economy, not just the U.S. economy
- China's 30% Tariff snags Caterpillar's Technology
- Japan is Back
- House Committee Pulls Teeth out of China currency bill
- Dan Dimicco's Sept. 15 testimony on Chinese Currency to the House Ways and Means Committee
- Committee Hearing reveals that Currency Bill is Too Weak
- How to strengthen the currency exchange rate reform bills
- Tonelson and Kearns: House Ways and Means will consider filing a China currency complaint with WTO
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- U.S. Trade Deficit Still Growing
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- Unions Divided on China Policy
- Unions Divided on China Policy
- Scott Paul: The Onshoring Trend is Phony
- Greg Richards: "We must be much more aggressive with mercantilist countries in enforcing the rules of the road so that we protect out production and technology."
- Barr McClellan: "Malaise has returned"
- Krugman: "We're in a world in which mercantilism works"
- Obama Fiddles while Economy Falters - We're published in the American Thinker this morning
- Dan Drezner gives Obama an "F" for his trade agenda
- We are in the persistent depression predicted by Keynes
- Economists still failing to understand the effects of mercantilism
- Trade Deficit Saps 2nd Quarter Growth
- Geithner's job is to finance federal government expansion
- Some criticisms of our Scaled Tariff proposal
- Congress busts the budget to create 90,000 manufacturing jobs
- The Scaled Tariff would Resuscitate the U.S. Economy
- Fed: Possibly 5 or 6 years before sustainable growth
- Michael Pettis: U.S. is "likely to be swamped by a tsunami of foreign capital"
- Trade deficit rises again in May
- Geithner's Three Currency Manipulation Reports
- Obama Touts his Failing Trade Policy
- The Currency Reform Bill Won't Work: What Should Replace It and Why
- Steven Pearlstein calls for direct action against mercantilism
- Obama's G-20 Summit Setback -- we're published in American Thinker this morning
- Seven Options for Tackling Trade with China
- China riggles off the hook
- Why is Washington's China rhetoric growing harsher?
- Congress plans ineffective action against Chinese mercantilism
- Is the Chinese government moving against Taiwanese and Japanese corporations?
- Yves Smith: "the US example show how a naive posture towards trade may not help its citizens"
- Bruce Bartlett: We should raise taxes to lower our trade deficits
- AFL-CIO's Trumka asks Obama for stronger action on China
- The global warmers' shell fish hoax
- One or more members will have to exit the euro zone to restore competitiveness
- Trade Deficit up again in March
- China uses industrial policy is to keep out US products
- Auctioning Import Certificates is consistent with WTO rules
- Pretend Free Trade vs. Balanced Trade -- The national debate kicked off on FoxNews yesterday
- China raises its tariff on some US nylon products to 96.5%
- Why we should tax interest earned by foreigners in the United States
- Congress passes foolish tax change that will increase US trade deficits
- China's temporary trade deficit largely due to stockpiling of commodities
- Geithner will Punt on China Currency
- Boston Globe spins nuclear summit as success
- Obama bows as Chinese President Hu stiffs him
- U.S. Trade Deficit up in February
- Smoot-Hawley did not cause the Great Depression
- Charleston Post Courier editorial advocates Buffett's Import Certificates to balance trade
- NPR explains Chinese currency manipulation
- Obama punts on Chinese currency manipulation
- USTR lists China's many barriers to American products
- Lies, Damn Lies, and Chinese Statistics
- U.S. Corporations not helping China avoid Krugman's tariff
- Sidney Sherman traces start of America's decline to giving away our manufacturing to Asia
- Volcker is realistic about China
- Carbon tax: Sarcozy backs off, Sen. Kerry pushes forward.
- Peter Morici: Our current China policy is "appeasement"
- China activates its Fifth Column
- Needed, a Cross-the-Board Tariff on Imports From China
- NY Times ignores China's R&D Rules
- Why Krugman's China Argument Matters
- Relative currency values are not static
- Obama's Trade Policy Agenda -- we're published in American Thinker this morning
- Krugman on China currency
- 130 Congressman sign letter to Treasury and Commerce Deptartments asking them to address Chinse currency manipulations
- Paul Krugman calls for 25% cross-the-board tariff on Chinese goods
- What is the real reason why the Obama administration won't do anything about China?
- Washington Post: There's nothing that we can do about Chinese mercantilism
- U.S. exports down in January
- GreenJobsGate
- British exports see biggest fall in three years
- Heritage Foundation's Terry Miller claims Obama is a mercantilist
- Trading Away Productivity - Tonelson and Kearns in March 5 NY Times
- Unemployment report shows stagnant economy in February
- Commerce Dept. sets miniscule tariff on Chinese glossy paper
- Obama: 'It's very hard to ship windows from China'
- Bipartisan group of fifteen senators call upon Commerce Department to investigate China's currency manipulations
- Pfizer moving R&D from Connecticut to China
- Obama giving US R&D to China - we're published in today's American Thinker
- A Review of W. Raymond Mills "Toward Managed Trade"
- IMF Reconsiders Capital Controls Opposition
- Chin'a not selling. China's Buying
- US Companies Required to move Research Centers to China
- Nicholas Lardy: Obama "trying “trying to head off critics in Congress who think the administration is lying down in front of the Chinese"
- Peter Morici: Open Trade is Failing America
- "Playing Chicken with China" - we're published in today's American Thinker
- ABC News on Green Stimulus Jobs Going to China
- Restore American Jobs and Do It Quickly
- No growth in US goods exports to China in 2009
- Obama's China strategy
- Summers says everything is fine in our China relationship
- China is Playing Chicken with Obama
- Judith Stein: US reliving the 70s when we gave away our steel industry
- Kenneth R. Davis: Buffett Plan would make the WTO irrelevant
- Peter Morici's Currency Conversion Tax to End Mercantilism
- Ha-Joon Chang takes on Free Trade in his book The Bad Samaritans
- Ralph Gomory: The time has come to take Warren Buffett's Import Certificates plan seriously
- Google Has Its Rosa Parks Moment -- I'm published by Seeking Alpha today
- Larry Ringler: Google's courage may turn the tide in our dealings with China
- Peter Navarro writes commentary on China's industrial espionage
- Doha Round stalls over US demand that India and China open their markets
- Peter Morici: Free Trade is Failing America
- Calla Wiemer misunderstands Chinese mercantilism in Wall Street Journal
- Levy Economics Institute's analysis of Import Certificates to balance trade
- US wins WTO appeal on China's non-tariff barriers against US movies, music, and games
- Prof. Krugman and Chinese Mercantilism
- China agrees to modify export subsidies
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