Interesting article from Caroline Freund at Peterson. "value added statistics are useful to help us…

Interesting article from Caroline Freund at Peterson. "value added statistics are useful to help us understand how supply chains function and how they are changing over time, but they should not be used to make value judgements about trade"; Stricter rules will not assist North American manufacturing.
https://piie.com/blogs/trade-investment-policy-watch/why-wilbur-rosss-approach-trade-will-hurt-us-competitiveness?utm_source=update-newsletter&utm_medium=email&utm_campaign=2017-10-03

Why Wilbur Ross’s Approach on Trade Will Hurt US Competitiveness

the classic argument between free traders and nationalists. While I am a free trade guy at heart, there is certainly merit in those who argue that China doesn't play by the rules. NAFTA renegotiation is a smoke screen because Canada and Mexico play by the established rules that the US agreed to. China and the US have no deal outside of the WTO so there is progress can be made to make the playing field more even

false