New Record Set for U.S.-China Trade Deficit Under Trump’s Watch

Scott Paul

Scott Paul Director, AAM

The goods trade deficit with China reached its highest annual level ever according to the latest data from the Commerce Department. The goods deficit with China hit $375.2 billion last year, surpassing the previous record set in 2015. 

News of the expanding deficit comes as American metal workers face more layoffs. In the past year, steel imports from all nations into the U.S. rose by more than 15 percent, and at least three American steel mills announced closures.

Said Alliance for American Manufacturing (AAM) President Scott Paul: 

"I share President Donald Trump’s disdain for trade deficits. I can’t imagine the record goods deficit with China in 2017 is anything he’ll be crowing about. But he can and certainly should do something about it.

"The president should start by taking action to defend American steel and aluminum makers and workers from imports that are harming our national security. The Section 232 actions should be implemented sooner rather than later. He can follow that up by imposing penalties on China for its gargantuan intellectual property rights theft by completing the Section 301 case. He can conclude by renegotiating trade agreements in a manner that will reduce our trade deficits with NAFTA partners and South Korea in particular. 

"While much of the economy is growing, trade-impacted sectors like steel face enormous challenges. Many American factory workers bought into the promise of the president’s trade policy reforms, but they are still waiting for results.

"The president must act swiftly on the Section 232 cases to keep his promises to America’s workers."

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Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

He Gets the Bucks, We Get All the Deadly Bangs

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

National Rifle Association chief Wayne LaPierre has had better weeks. First came the horrific early August slaughters in California, Texas, and Ohio that left dozens dead, murders that elevated public pressure on the NRA’s hardline against even the mildest of moves against gun violence. Then came revelations that LaPierre — whose labors on behalf of the nonprofit NRA have made him a millionaire many times over — last year planned to have his gun lobby group bankroll a 10,000-square-foot luxury manse near Dallas for his personal use. In response, LaPierre had his flacks charge that the NRA’s former ad agency had done the scheming to buy the mansion. The ad agency called that assertion “patently false” and related that LaPierre had sought the agency’s involvement in the scheme, a request the agency rejected. The mansion scandal, notes the Washington Post, comes as the NRA is already “contending with the fallout from allegations of lavish spending by top executives.”

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Corruption Coordinates

Corruption Coordinates