• Heritage Action
  • More
  • WebMemo posted May 18, 2004 by Sara J. Fitzgerald Trading Down Under: Congress Must Act Fast

    American producers have greatly benefited from trade agreements, such as NAFTA, but continue to face high tariffs around the world. While a global effort to reduce trade barriers through the World Trade Organization is the ideal path, this process has been slow. In the meantime, bilateral and regional free trade agreements are a means to advance trade…

  • Executive Memorandum posted May 4, 2004 by Sara J. Fitzgerald Export Controls on Scrap Steel Would Harm the U.S. Economy

    Scrap steel prices are high because of a weak dollar and strong global demand for scrap steel. Mini-steel mills, the largest U.S. consumers of scrap, want the U.S. Department of Commerce to limit scrap steel exports in hope of reducing domestic prices. However, even if the export controls did work as intended, they would harm the U.S. economy by surrendering the…

  • WebMemo posted May 4, 2004 by Sara J. Fitzgerald, Paul Kersey, Nina Owcharenko More Trade, Less Assistance: Why TAA Should Not Be Expanded

    The Senate is currently considering an amendment that would expand Trade Adjustment Assistance, which provides aid and retraining to those whose jobs have been displaced by trade, to service workers. This would be an empty gesture, however, as service workers are eligible to receive similar assistance from other programs. Even worse, the amendment is likely to delay…

  • WebMemo posted March 24, 2004 by Sara J. Fitzgerald Negotiating with Thailand: What U.S. Policymakers should know

    This week a delegation of Thai government officials, led by the Minister of Commerce, Watana Muangsook, will visit Washington to make contacts in preparation for the Free Trade Agreement (FTA) negotiations later this spring. The delegation's meetings will range from mingling with Members of Congress to negotiators at the United States Trade Representative's office…

  • Executive Memorandum posted February 25, 2004 by Sara J. Fitzgerald, Anthony B. Kim MCA: Rewarding Open Markets

    In a new approach to foreign aid, Congress has approved $1 billion for the Millennium Challenge Account (MCA) for fiscal year 2004. President Bush has stated that the MCA will "reward nations that have more open markets." To accomplish the President's goal, the Millennium Challenge Corporation (MCC) should focus on each candidate country's progress toward more open…

  • WebMemo posted February 10, 2004 by Sara J. Fitzgerald, Anthony Kim The Millennium Challenge Account: Rewarding Open Markets

    Congress approved $1 billion for the Millennium Challenge Account (MCA), a new approach to foreign aid, on January 22. President Bush's mission for the MCA is to "reward nations that have more open markets…." To accomplish the President's mission, the Millennium Challenge Corporation (MCC), which administers the program, should focus on the progress of candidate…

  • Commentary posted February 5, 2004 by Sara J. Fitzgerald Sweetening a Good Deal

    Good news: We're close to signing a major trade deal with Australia -- one that could give our economy a real boost. Provided the deal happens, that is. That's where the bad news comes in: Weeks of negotiations may come to naught because we won't give up our high trade barriers on imported sugar. That would be bad enough, but the issue goes beyond one trade…

  • WebMemo posted January 21, 2004 by Sara J. Fitzgerald G'day to a Good Deal

    Despite the outcry over lost jobs, the Bush Administration is on the verge of losing more. This week the United States and Australia are set to finish negotiations for a free trade agreement (FTA). With the United States already running a trade surplus with Australia, this agreement could quiet critics of lost manufacturing jobs. Yet the deal could be significantly…

  • Commentary posted December 22, 2003 by Sara J. Fitzgerald One Tariff Down, Many More to Go

    President Bush's recent decision to eliminate the steel tariffs couldn't have been easy to make, but it was the correct decision. With the European Union threatening to retaliate and the domestic industries that use steel shedding jobs, something had to be done. Now, if Congress could just eliminate the other tariffs that are creating such a drag on our…

  • Backgrounder posted December 18, 2003 by Stephen Johnson, Sara J. Fitzgerald The United States and Mexico: Partners in Reform

    On a daily basis, U.S.-Mexican relations are probably closer now than at any other time in the history of the two countries. Yet Mexico's population is still growing faster than its economy can supply jobs, and its recent democratic, free-market evolution has slowed, stalling the implementation of President Vicente Fox's reform agenda. As a result, each year, more than a…

  • Commentary posted December 8, 2003 by Sara J. Fitzgerald Not My Father's Vietnam

    My father wasn't too crazy about it when his daughter the trade analyst decided to vacation in Vietnam. Given the circumstances of his "visit" there, it's hard to blame him. His sergeant tracked him down two days into my parents' honeymoon and told him to enjoy the next two weeks, because after that he was shipping out. But after spending a few days in the land he…

  • WebMemo posted October 22, 2003 by Sara J. Fitzgerald Three Keys to MCA Success

    President Bush proposed the Millennium Challenge Account (MCA) in 2002 as a means to give aid to countries "that have demonstrated a commitment to ruling justly, investing in people, and encouraging economic freedom."   MCA legislation passed the House this summer, and the Senate version will be voted on this month. Though the current bills differ in criteria,…

  • Backgrounder posted October 10, 2003 by Dana Robert Dillon, Balbina Y. Hwang, Ph.D., John J. Tkacik, Jr., James Jay Carafano, Ph.D., Sara J. Fitzgerald The APEC Forum: Time to Make a Difference

    President George W. Bush will join other world leaders at the 11th Asia Pacific Economic Cooperation (APEC) Leaders' Summit in Bangkok, Thailand, on October 20-21. The meeting of the heads of 21 economies bordering both sides of the Pacific Ocean1 provides a unique opportunity for President Bush to advance American economic and security interests in Asia. Major…

  • Commentary posted September 29, 2003 by Sara J. Fitzgerald, Aaron Schavey Rusty Thinking on Steel Tariffs

    There's no such thing as a do-over in politics, but President Bush is about to get a rare second chance to make the right decision. In March 2002, the Bush administration imposed a tariff of up to 30 percent on several imported steel products. The president has the option of eliminating those tariffs. Doing so would undo some of the damage the tariffs have done to…

  • Backgrounder posted September 8, 2003 by Sara J. Fitzgerald, Nile Gardiner, Ph.D. Achieving Trade Liberalization: Why the U.S. Should Challenge the EU at Cancun

    The September 10-14 World Trade Organization (WTO) meeting in Cancun will be a crucial test of how successful the Doha Round of trade talks will be in liberalizing global agriculture.1 The problem is that there are two competing schools of thought on what should be done. U.S. Trade Representative Robert Zoellick, in July 2002, presented an ambitious WTO…