| Trade News Archive: 24 July - 30 July |
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| The AmericanEconomicAlert.org News Article Rating System |
As well as providing fresh news reports every day, AmericanEconomicAlert.org offers a uniques news rating system. Each news item below has been given a rating from 1 to 5 stars, depending on its importance and relevance to
U.S. international economic and trade policy. |
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| Thursday, July 29, 2010 |
 | Restore America’s pride in its manufacturingThe Hill Comment: "So far, the Make it in America agenda has resulted in the passage of the U.S. Manufacturing Enhancement Act, which helps American companies get the affordable materials they need; it has passed the Senate and is on the way to becoming law. The House has also passed the SECTORS Act, which invests in 21st-century workforce training to make sure that our people have the skills to make it in America." |  |
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| Wednesday, July 28, 2010 |
 | IMF: China currency undervalued but policy soundMiami Herald Comment: "The International Monetary Fund said China's yuan is undervalued in a mildly worded assessment Wednesday of its controversial currency controls and praised Beijing's response to the global crisis." |  |
 | House approves bills to boost manufacturingReuters Comment: "Lawmakers moved closer on Wednesday to creating a commission to find ways to cut the huge trade deficit with China and other countries, while also pushing a strategy to promote U.S. manufacturing." |  |
 | The job machine grinds to a haltWashington Post Comment: "Why invest in new plants, offices and workers, particularly here at home? Spooked by the 2008 crash, corporations want to keep more money under the mattress. More important, they're sitting pretty as profits rise." |  |
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| Tuesday, July 27, 2010 |
 | Democrats' fix for thorny economic debate: CNN Comment: "Enter the campaign to boost manufacturing, an agenda born from a poll. A survey by Democratic pollster Mark Mellman and Republican Whit Ayers, which was conducted in the spring but became a hot topic among national party leaders starting last month, found deep popular angst with the decline of America's manufacturing might.
Nearly four in ten said industry is the most important to the overall strength of the American economy, far ahead of other sectors. About six in ten believe the United States no longer has the strongest economy in the world, with the overwhelming majority of those identifying China as the nation that has displaced it. And 78% want the U.S. to develop a national manufacturing strategy to respond." |  |
 | A Weak Outlook for Steel MakersNew York Times Comment: "Steel makers painted a gloomy picture for the short-term prospects of the industry on Tuesday, saying global prices had fallen and industrial demand was not recovering as quickly as expected." |  |
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| Monday, July 26, 2010 |
 | Is America Surrendering to China’s Trade War?Big Government Comment: "America was caught flat-footed in Pearl Harbor and 9-11. There should be no confusion this time around. China, with one fifth of the world’s population and a failed domestic economy, has launched a Trade War to export its problems. The U.S. public understands the dangers and is increasing saving to sustain for the battle ahead. Chinese intelligence operatives read the New York Times and watch CNN. What they see in the media is a country staggering under debt, undermining business competitiveness, mired in deflation and ready to surrender its economic independence to China’s export onslaught. Are we? " |  |
 | China invests heavily in Brazil, elsewhere in pursuit of political heftWashington Post Comment: "The investments in Brazil reflect China's "going out" strategy, which seeks to guarantee natural resources for development purposes and to shield the country's state-owned enterprises from slower growth at home. Flush with more than $2 trillion in foreign exchange reserves, China has directed its state firms to scour the globe for opportunities.
As it does so, China is playing by its own rules, giving its firms an edge over U.S. and other multinational companies bound by internationally mandated restrictions intended to promote fair competition" |  |
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 | Exports seen as key to boosting economy, creating jobs in TexasDallas Morning News Comment: "While the Brookings report noted that the doubling of exports is rare in U.S. history, increasing exports is a key strategy in addressing economic woes. It's especially helpful for the United States, which imports more goods and services than it exports, creating a $42 billion trade deficit." |  |
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| Sunday, July 25, 2010 |
 | Industries Find Surging Profits in Deeper CutsNew York Times Comment: "Many companies are focusing on cost-cutting to keep profits growing, but the benefits are mostly going to shareholders instead of the broader economy, as management conserves cash rather than bolstering hiring and production. Harley, for example, has announced plans to cut 1,400 to 1,600 more jobs by the end of next year. That is on top of 2,000 job cuts last year — more than a fifth of its work force." |  |
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| Saturday, July 24, 2010 |
 | Pelosi calls for liberal activists to help keep Democrats in majorityWashington Post Comment: "Pelosi spoke about "Making It in America," the Democrats' manufacturing agenda that she said would roll out in coming weeks to help restore and create industrial jobs. "Jobs, jobs, jobs is very important, but we have to get it done," Pelosi said. "People have to see the difference between what the Republicans want to do about this -- nothing -- and what we are advocating." |  |
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