Kevin Kearns

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container is unloaded from an international freighter at a port in Tokyo on June 20, 2016. For May, Japan logged a deficit of 40.72 billion yen ($389 million), compared with a trade surplus of 823.18 billion yen in April, as exports of steel and semiconductors declined, the finance ministry said. …

Kearns: GOP Gets it Wrong on Tariffs, Right on VAT

President-elect Trump’s call for tariffs on outsourced U.S. manufacturing goods is a bridge too far for editorial boards, business journalists, pundits, and even new friends like Rep. Paul Ryan (R-WI). The House Speaker says that, rather than revamping faulty U.S trade policy, the solution for America’s manufacturing woes is simply to enact “comprehensive tax reform.”

Democratic presidential candidate former Secretary of State Hillary Clinton and Democratic vice presidential candidate U.S. Sen. Tim Kaine (D-VA) greet supporters during a campaign rally at Florida International University Panther Arena on July 23, 2016 in Miami, Florida.

Hillary Clinton’s Evasive, New Non-Policy on Trade

Hillary Clinton and Tim Kaine both recently supported the TPP before opposing it. But widespread voter concern on trade, articulated by Bernie Sanders and Donald Trump, has forced her to do an about-face on what she had previously called the “gold standard” of trade deals.

German Chancellor Angela Merkel and President Barack Obama meet with European leaders at Herrenhausen Palaceon April 25, 2016 in Hanover, Germany.

Obama, Desperate for ‘Trade Legacy,’ Touts Another Growth-Destroying Deal

The Commerce Department says first quarter U.S. GDP growth was an abysmal 0.5 percent, following a meager 1.4 percent in the fourth quarter of 2015. This is the weakest economic performance since the third and fourth quarters of 2012, when the U.S. economy grew at 0.3 percent rate.

An international freighter berths at the international cargo terminal at Tokyo's port on November 19, 2015. Japan posted a surprise trade surplus in October as the value of energy imports slumped on falling oil prices. The surplus came even as the value of exports declined for the first time since …

What Donald Trump Gets Right, and Wrong, on Trade

Economists, reporters, and pundits have argued vigorously in favor of the free-trade status quo, opposing Donald Trump’s plans to renegotiate trade deals and perhaps impose tariffs. Although their approaches vary somewhat, all argue that deficits don’t matter and trade is working as advertised to benefit Americans. Thus Trump is largely wrong in highlighting trade deficits and unfair foreign practices, and we shouldn’t tamper with current trade arrangements.

Republican presidential candidate Donald Trump addresses the annual policy conference of the American Israel Public Affairs Committee (AIPAC) March 21, 2016 in Washington.

Terror, Trump, Trade, and NATO

Just prior to the Brussels terror attack, Donald Trump questioned the value of the NATO alliance and the cost of U.S. participation. In fact, NATO has foundered since the end of the Cold War, looking for a clear mission.

Andrew Burton/Getty Images

Debate Moderators May Try to Sabotage Candidates Who Oppose TPP Deal

There may be a slew of new “gotcha” trade questions posed by the debate’s trio of free-trade favoring moderators, Maria Bartiromo, Neil Cavuto, and Gerard Baker. These free-trade proponents have never seen a so-called free-trade agreement that they weren’t predisposed to back. And they will likely be out to boost the Trans-Pacific Partnership (TPP) trade deal announced last week with their lead-in statements and questions.

Trade Representative Michael Froman speaks during a Trade and Competitiveness Forum at the Ronald Reagan Building and International Trade Center on June 25, 2015 in Washington, DC. AFP PHOTO/MANDEL NGAN (Photo credit should read MANDEL NGAN/AFP/Getty Images)

Full TPP Text Reveals A Very Bad Deal for America

The text of the Trans-Pacific Partnership (TPP) free trade agreement is finally public, after years of President Obama’s secret negotiations and a refusal to share the text openly with Congress and the American people.

MARK RALSTON/AFP/Getty Images

What Washington Really Needs to Know About China

Our elected officials in Washington continually fail to grasp the aggressive nature of China’s mercantilism and military expansionism. And so, as China’s President Xi arrives in Washington for two days of meetings with President Obama, I’d like to offer Capitol Hill an unvarnished perspective about the true intent of China’s ruling regime.

REUTERS/PETAR KUJUNDZIC

China Devaluation Exposes Fragility of Globalized Economy

The disconnect between Obama-Republican TPP propaganda and Chinese economic policy was on full display this week as China, in a surprise move, devalued its currency roughly four percent against the U.S. dollar, sending stock markets around the world into panic selling. Beijing announced its rationale after-the-fact: It was instituting a “new system” in which its currency would float more freely than it had in the past.

AP Photo/Andy Wong

A Pacific Trade Deal Won’t Stop China’s Reckless Rise

The President’s claim is dangerous nonsense because it undermines our national security — by minimizing the challenge China presents on all fronts and by downplaying the necessary U.S. response. Trade in the form of the TPP, Mr. Obama apparently thinks, will conquer all. So do most House Republicans.

Obama

President Obama Takes Outsourcer ‘Bribe’

The exchange of favors is unseemly, because the president essentially validated Nike’s highly criticized and dubious corporate outsourcing model, and for a mere pittance.