Infographic: Trade Balances by U.S. State
Imports, exports, and trade balances by state, 2008 - 2016 (Q2)
Infographic: U.S. Trade Balance by Year since 1994
Investor's Business Daily: The Next President's Cyberwar
Kevin L. Kearns
As the Trump transition team works to determine the top priorities for the new administration, a very serious problem requires the immediate attention of the new president: the future of our manufacturing industry. A healthy manufacturing base is critical to America's survival, both militarily and economically. Yet China poses a significant threat to our nation's all important manufacturing sector.
Lifezette: Renegotiating NAFTA: How Trump Delivers
Kevin Kearns, president of the U.S. Business and Industry Council, said tax reform, health care, and spending projects on roads, bridges, and other projects seem destined to crowd out trade as part of Trump's first 100 days.
But Trump, who won on the strength of voters in Democratic-leaning, blue-collar counties in the industrial Midwest, will be under pressure not to let the issue drop. Kearns said he expects the new president to take up NAFTA in the first six months.
"I do think there's going to be some sort of renegotiation," he said. "The question is: How good will it be, and will it benefit the U.S. economy?"
The Huffington Post: Will Trump Capitalize On Mexican President Pena Nieto's Offer Of A Face-To-Face Meeting?
Kevin L. Kearns
Mexican President Pena Nieto unleashed a real surprise this week when he offered to meet with Republican presidential nominee Donald Trump. It was a potentially wise change-of-heart for the Mexican leader. Nieto has previously said some unpleasant things about Trump, but he now seems willing to acknowledge Trump as the official GOP standard bearer. A Trump-Pena Nieto meeting, which could be totally private — with no press allowed, to prevent grandstanding by either side — might hand Trump a terrific (and possibly game-changing) opportunity to demonstrate statesmanship while boosting his standing among Latinos and other voters. Additionally, there are also surprising reasons why it would behoove Pena Nieto to forge more positive relations with his potential counterpart.
Lifezette: Free Trade Bromides Wrecking America
Kevin L. Kearns
Free trade not only cures cancer but also prevents aging! That should have been the lede of Douglas E. Schoen's Fox News op-ed this week explaining his boundless, fact-challenged enthusiasm for free trade. If one believes Schoen, free trade and the global institutions supporting it are the wellspring of American exceptionalism and economic growth. Unfortunately, the opposite is generally the case. Free trade has hollowed out our economy and middle class, rather than supporting them.
Trading Away Jobs In The News
Feature: Trans-Pacific Partnership
USBIC's infographic exposes the exaggerated claims of TPP's opportunity for U.S. economic growth
Feature: Japan's Trade Policy
View USBIC's special feature showing the effect of Japanese trade policy on American jobs
An alternative look at the US Trade crisis