India is restricting exports of iron ore. If you want to be an export powerhouse, why would you have export restrictions on raw materials?  Are they anti-iron ore, somehow? Well, no: Iron ore exports from India are likely to decline 72 per cent this year, thanks to a number of…

  Trade Deficit Drags on Recovery Peter Morici Twitter @pmorici1 Friday, the Commerce Department is expected to report the deficit on international trade in goods and services was $46 billion in December, a bit lower than November owing to moderating oil prices and slower inventory build among U.S. wholesalers and…

  I attended the Dallas round of Trans Pacific Partnership negotiations in April 2012.  The Big Retailers and the big textile importers had many, many lobbyists and trade association advocates there.  Why?  Because they are working hard to convince the Office of the U.S. Trade Representative to make it easier…

Reposted from the Economic Policy Institute blog ***** Reducing U.S. trade deficits will generate a manufacturing-based recovery for the United States and Ohio Robert Scott, Helene Jorgensen, and Doug Hall | February 7, 2013 | Economic Policy Institute Manufacturing has played a leading role in the nation’s economic recovery, adding…

Reposted from Dayton Daily News ******* New treasury secretary key to Ohio growth, jobs Steven Bennish | February 4, 2013 | Dayton Daily News Ohio, a state reliant on manufacturing and trade, has a lot riding on President Obama’s nomination of Jack Lew to be the nation’s next treasury secretary. In that…

Reposted from the Campaign for America’s Future blog ***** Why a Trade Strategy Should Be a State of the Union Priority Robert Borosage | February 1, 2013 | Campaign for America’s Future MORNING MESSAGE: SOTU Must Tackle Trade “The U.S. trade deficits are back up – over $1 billion a…

Reposted from the Economic Policy Institute blog ***** The China toll Robert E. Scott | August 23, 2012 | Economic Policy Institute Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state Since China entered the World Trade Organization in…

Reposted from The New York Times ********* United States and Mexico Reach Tomato Deal, Averting a Trade War Stephanie Strom | February 3, 2013 | NY Times The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to…

We won 54% to 46%, much to the chagrin of The Economist!  Thanks to many of you who voted. The Economist magazine held an online debate and poll on this topic: Do multinational corporations have a duty to maintain a strong presence in their home countries? Harry Moser, Reshoring Initiative, was…

Reposted from Financial Executive Magazine •••••••• China 2013: The Year of Reshoring to America? Peter Navarro | January 2013 | Fin’l Executive Mag “The problem with our system is that everything is short term, so when you say to an American CEO ‘Do you realize that the Chinese are going…