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Stumo Blog

Former White House economist failures now against 232 remedies

July 12, 2017
By Michael Stumo
Former White House CEA and NEC chairs again reveal why our economy declined and stagnated under their collective watches.  They worry about speculative diplomatic repercussions from dealing with overcapacity and national security issues as the US considers neutralizing the problem.  Not a word from...

Tesla, North Korea, NAFTA and Rethinking America’s Growth Strategy?

June 26, 2017

President Trump declared that China’s efforts with North Korea have failed. Tesla, despite Elon Musk’s prior commitment to USA made electric cars, announced that it is in talks to build a plant in Shanghai. It may be time to shift America’s China strategy away from diplomacy towards actions...

Seven Reasons why Ending NAFTA would not Cause Armageddon

May 01, 2017

by Michael Stumo, CEO of CPA

The media was aghast last week that some Trump administration personnel had drafted a proposal to withdraw from the North American Free Trade Agreement (NAFTA) as well as a proposal to renegotiate it. Later reports said the White House was not going to advance...

What to think about the Trump/China 100 day plan on trade?

April 11, 2017

By Michael Stumo, CEO of CPA

Last Friday, Commerce Secretary Wilbur Ross announced that the US and China have agreed to establish a 100 day plan on trade. The big news is that both the President of the United States and the President of China agree that trade imbalances are...

Trump's Executive Orders on Trade Deficits are a Step Towards Action

April 07, 2017

By Michael Stumo, CEO of CPA, and Jason Cooper, CPA Research Assistant

While the trade deficit deniers continue issuing Fake Trade News, President Trump signed a recent executive order entitled “Omnibus Report on Significant Trade Deficits”. This is an important step towards action.  The resulting  document trade deficits and their...

CPA's Balanced Trade Ideas Going Global

March 28, 2017

By Michael Stumo, CEO of CPA

The Trans-Atlantic establishment is shaken about America’s free trade skepticism. They invited CPA to Brussels, the Capitol of Europe, to discuss our balanced trade ideas, explore whether we are “protectionists” or not, and to explain the American flavor of anti-establishment politics to their old...

Navarro's Doctrine on Trade in the Wall Street Journal

March 07, 2017

By Michael Stumo, CEO

Peter Navarro, Director of the White House National Trade Council, wrote a "trade policy manifesto" op-ed published in the Wall Street Journal this week focusing upon balanced trade. The new balanced trade policy is unwelcome on Wall Street and in some congressional leadership offices....

DC Trade "Expert": Foreigners should buy all our companies

March 07, 2017

By Michael Stumo, CEO

The old guard free trade establishment is scrambling to counter the more economic nationalist positions of the Trump administration.  Gary Hufbauer does not like Peter Navarro's (Director, White House National Trade Counsel) national security concerns about the trade deficit resulting in other countries buying strategic assets...

Fake Trade News: WTO Cases vs Trade Wars

February 22, 2017

By Michael Stumo, CEO of CPA

Fake trade news abounds. Periodically politicians, reporters or pundits who should know better warn of a "trade war".  A trade war, they fret, will happen if the US defends its economic interests by taking action.  That action will certainly (or could possibly, maybe, eventually)...

Administration's Trade Statistics Change Improves Data Accuracy

February 22, 2017

By Michael Stumo, CEO of CPA

The most recent outrage for the globalists at the Wall Street Journal editorial board is a proposed Trump administration effort to resolve two different versions of government reported trade statistics for the better. Since the WSJ opinion editors do not think trade...