U.S. business groups are preparing to push for the bill, which would give the White House enhanced ability to negotiate trade deals and set out U.S. negotiating goals on issues ranging from cross-border electronic data flows to global supply chains and potentially even foreign currency practices.
Business leaders expect the nation's competitiveness to deteriorate, with companies less able to compete globally, pay workers well, or both, according to a new report released by Harvard Business School.
China remained the United States' third-biggest export destination, behind Canada and Mexico, in 2012, having purchased nearly $109 billion US goods, according to a report by the US-China Business Council.
Suddenly, outsourcing is on the way out and insourcing on the way in as the United States trudges unevenly toward President Obama's goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark.
Michael Porter, University professor at Harvard, talks to Charlie Rose about the United States in the global economy.
Amid upbeat talk about increasing North American integration, participants at a Thursday conference in La Jolla said a major issue continues to hold back part of that potential: lengthy waits at U.S. ports of entry along the border with Mexico.
Given that the EU is the world's largest economy and trading partner with the U.S.—accounting for one third of total goods and services trade and nearly half of global economic output, a deal of this nature will offer a massive boon for the U.S. economy.
Do you think that companies owe anything to the place they came from? Or is the notion of "home" now largely irrelevant for the corporate world?
After decades of sending work across the world, companies are rethinking their offshoring strategies.
Does the United States benefit from having a strategic competitor? We share the common assessment that the U.S.-China relationship will be the most important geopolitical relationship this century. But is this competition from China merely a threat, or also potentially an opportunity for the U.S.? We think it can be the latter.
U.S.-Mexico relations have been dominated for the past six years by efforts to address drug trafficking and organized crime-related violence. This was the right thing to do while violence spiked in Mexico, but with a new administration in office after the swearing in of President Enrique Peña Nieto over the weekend, the time has come to re-balance the bilateral relationship.
A free-trade agreement between the United States and Europe, elusive for more than a decade but with a potentially huge economic effect, is gaining momentum and may finally be attainable, business and political leaders say.
Harvard Business School Professor Michael E. Porter on US competitiveness and the "fiscal cliff."
As President Obama mulls over the appointments for his second term cabinet, there's one job that deserves a much higher priority than it's had in the recent past: the Commerce Secretary.
Turning around the U.S. economy, and by extension the 50 state and thousands of local economies, will require a robust national innovation and competitiveness strategy focused on what we call the four "T's": corporate Tax reduction and reform; increased public investment in Technology and Talent, and much tougher Trade enforcement.
The United States hit China with tariffs as high as 250 percent on Wednesday for selling solar cells below fair value, while also imposing a separate 16 percent tariff to counteract Chinese subsidies to its solar firms.
China's leading telecom equipment makers accused in a U.S. congressional report of being a potential security risk may face fresh scrutiny in other markets, while American firms operating in China could be vulnerable to retaliation.
The United States has become less competitive internationally and government regulations are a major factor, according to a report by the Mercatus Center at George Mason University.
A comprehensive strategy aimed at strengthening U.S. establishments competing in global markets is needed for the United States to boost short-term recovery and long-term prosperity, according to a report released today by the Information Technology and Innovation Foundation.
A Senate hearing this week demonstrated yet again why it's time to modernize U.S. tax rules so companies can compete around the world and in the process create jobs back home in the United States.
The US is on course to regain its status as a global industrial powerhouse, in spite of indications in recent months that the recovery is running out of steam, says a study published on Friday.
Many so-called experts have mocked the Obama Administration's latest trade action against China as being fundamentally useless, the economic equivalent of spitting into the wind. After all, factory job seem like a relic of the past. Yet by our calculations, the U.S. could regain 4 million jobs in manufacturing at relatively low cost--if we follow the right policies.
The slight 0.25 percent increase in the overall U.S. trade deficit in July concealed big deficit increases in categories critical to restoring American prosperity and preserving global economic leadership--manufacturing and high tech products.
Protectionism is inefficient, subject to public choice problems, and likely to lead to our trade partners to engage in retaliatory protectionism.
Daniel Cunningham has a billion-dollar idea for Apple: Start building the iPhone intended for American markets in the United States. The result? A billion dollars in additional profit for the company.
The Chinese economy on Friday showed worrisome signs of slowing down, a development that not only threatens global economic growth but also may complicate the relationship between China and the United States.
It's not surprising that large multinational corporations strongly support a territorial tax system, which, they say, would make them more competitive with foreign rivals. What they don't say, and what President Obama stresses, is that eliminating federal taxes on foreign profits would create a powerful incentive for companies to shift even more jobs and investment overseas.
Revenue in the device industry will not grow as quickly over the next five years, and the increasingly strict regulatory environment will remain a significant hindrance.
The problem is not outsourcing but rather it is inappropriate outsourcing--purchasing abroad products that could be made as or more cost-effectively at home. Those swell the trade deficit, which imposes great costs, and both President Obama and Governor Romney own some of that problem.
The Cold War ended a while ago. But it is about to be refought on a limited basis as the U.S. House and Senate face a late July deadline to change a 1974 law and make a new trade ally out of an old political enemy. Driving the legislative decision is a chance to give permanent normal trade relations status to a country that now boasts the world's sixth-largest economy.
Bipartisan bills have been introduced in both the Senate and the House of Representatives to continue the expansion of United States trade with sub-Saharan Africa and Central America, by means of extending and changing key provisions of the African Growth and Opportunity Act and the Dominican Republic-Central America-US free trade agreement.
Conference Board Chief Economist Bart van Ark analyzes how mature economies can achieve even stronger competitiveness.
The United States and the European Union on Wednesday inched closer to starting negotiations on a long-awaited free trade deal, with the release of a report calling for wide-ranging market opening and mutual acceptance of product standards.
The head of the world's biggest wind turbine maker, Vestas, says that the U.S. wind turbine market is likely to fall by 80 percent next year because of the expected expiration of an important tax credit.

U.S. Trade Representative Ron Kirk said Thursday that the repeal of a U.S. law that can be used to put trade restrictions on Russia is a top priority for his office this year.
U.S. Trade Representative Ron Kirk said Thursday that the repeal of a U.S. law that can be used to put trade restrictions on Russia is a top priority for his office this year.
The Commerce Department's decision to slap a stiff tariff on solar panels from China is projected to increase solar electricity prices in the United States, affect demand for solar panels and hurt U.S. jobs.
The finding is a major victory for a group of U.S. solar panel manufacturers that alleges China is flooding the U.S. market with underpriced solar panels and subsidizing its solar industry in a way that violates World Trade Organization rules.
As we celebrate the success of the National Export Initiative and its positive impact on our economy, we must also commit to ensuring that its momentum continues. Providing more opportunities and support for U.S. companies to export their goods and services makes good economic sense--and American workers deserve nothing less.
The United States economy has to grow faster than its long-run potential to absorb its high levels of unemployment, argue Robert Z. Lawrence and Lawrence Edwards.
Over the last four decades companies have dispersed more and more of their activities across the globe. Data and analysis from Michael E. Porter and Jan W. Rivkin suggest that the U.S. is losing out on location decisions at an alarming rate, even for high value adding activities such as R&D that it should be able to attract.
The last three decades have seen American capitalism transformed by a simple idea—that the evaluation and compensation of managers and investors should be outsourced to financial markets, says Professor Mihir A. Desai.