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Because the Export-Import Bank’s main function is harmful to the U.S. economy and it is not designed to carry out other functions, its charter should not be renewed. ....
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India, US negotiating on wide range of trade concerns: Congressional report PTI Washington | Updated on × The US is seeking greater access to the Indian market for its agricultural products, potentially in exchange for US restoring India’s eligibility under GSP India and the US are negotiating on a wide range of trade concerns, including greater access to the Indian market for American agricultural products, potentially in exchange for America restoring New Delhi’s status under the Generalised System of Preferences (GSP), according to a Congressional report. President Donald Trump in 2019 terminated India’s designation as a beneficiary developing nation under the key GSP trade programme after determining that it has not assured the US that it will provide equitable and reasonable access to its markets. ....
American labor is expensive. hour however, the other half is probably due to say china s undervalued currency and similar undervaluation in other countries, which is certainly manipulated and provides an export subsidy. the fact that, for example, americans can t get into the chinese market in certain areas, where they have very competitive products, because of very high tariffs, automobiles, 25%. so those trade barriers have created sort of one-way free trade. if we had balanced trade, we might not have 19 million jobs, but we might have 13 or 14 million jobs. where should they be? they certainly should be in the high-tech areas. and the middle tech areas, liz, such as automotive components, and so forth, where we have lost out to asians, but where labor costs don t make much difference. and there s some surprising areas that are middle tech. for example, steel-making. did you know that the cost of making a ton of hot-rolled steel, the labor cost is about 50 bucks an hour, and the cos ....