by Steven Capozzola | Sep 1, 2010 | Blog, Making it in America
Nearly one year ago, President Obama invoked a trade law known as “421” for the first and only time in the decade the law has been in effect and imposed tariffs on some automobile tire imports from China, which have been surging into the United States from 2004 to...
by Steven Capozzola | Jun 23, 2010 | Blog
U.S. Treasury Secretary Tim Geithner and National Economic Council Director Larry Summers have co-authored an op-ed ahead of the G-20 urging an international agenda that focuses on "work to stabilize debt levels, enact new financial regulation, and reduce...dependence...
by Steven Capozzola | Apr 29, 2010 | Blog
Recently, the U.S. Treasury Department delayed publication of its semi-annual report on currency. The three-month rollback was intended to give China an opportunity to demonstrate progress on adjusting its undervalued currency, the Yuan. This grace period will likely...
by Steven Capozzola | Apr 13, 2010 | Blog
Hu knew. Chinese president Hu Jintao knew that upon coming to Washington for Obama’s nuclear security summit he would have to have a serious chat about currency with President Obama and Secretary Geithner. Hu also knew that he wasn’t ready to cooporate. On Monday,...
by Steven Capozzola | Apr 8, 2010 | Blog
In 2005, China incrementally budged its currency after heavy pressure from the U.S. The move was expected to "trim the trade gap" between the two countries. Unfortunately, that didn't happen, as annual trade figures from the Census Bureau demonstrate: 2009 $226.8...
