We Americans blithely ignore the long-term effects of allowing foreign corporations to purchase the assets of our country in the form of companies, land, and resources. We are selling off our ability to produce wealth by allowing many American corporations to be purchased by foreign corporations. It is not just foreign companies buying our assets…
A dispute over the alleged theft of wind-turbine technology is slated to go to trial in Wisconsin on Monday in a test case for intellectual-property battles between the U.S. and China. [Erin Ailworth | January 6, 2018 | Wall Street Journal] Federal prosecutors accuse Chinese wind-turbine maker Sinovel Wind Group Co. 601558 -4.29% Ltd. of stealing the source code for software that…
Washington, DC- The Coalition for a Prosperous America (CPA) today sent a letter to President Trump supporting effective trade remedies, including strong global tariffs, that would protect and reinvigorate our country’s solar manufacturing industry. Trade cheating, subsidies and technology theft by the Peoples Republic of China has led to the bankruptcies of nearly 30 American companies — and…
By Jeff Ferry, CPA Research Director An independent public opinion poll published late last year shows growing public awareness of US job loss due to imports, as well as growing public support of the view that NAFTA has been bad for the US. The poll was carried out by the University of Maryland’s School of…
In Indiana, Missouri and Pennsylvania, President Trump used the same promise to sell the tax bill: It would bring jobs streaming back to struggling cities and towns. [NATALIE KITROEFF | January 8, 2018 | New York Times] “Factories will be pouring into this country,” Mr. Trump told a crowd in St. Charles, Mo., in November. “The tax…
President Donald Trump’s administration is preparing to unveil an aggressive trade crackdown in the coming weeks that is likely to include new tariffs aimed at countering China’s and other economic competitors’ alleged unfair trade practices, according to three administration officials. [Andrew Restuccia and Doug Palmer | January 8, 2017 | Politico] Trump is tentatively scheduled…
Washington ~ The Coalition for a Prosperous America said today that withdrawal from the North American Free Trade Agreement (NAFTA) is likely to boost stock prices, employment and economic growth. Republican Senators told the White House (subscription required to view link) earlier this week that NAFTA withdrawal will harm the stock market. CPA says that claim…
By Jason Cooper, CPA Research Assistant The US trade deficit rose another 3.3% to reach $50.5 billion in November 2017, up $1.6 billion from the $48.9 billion in October, a level not seen since January 2012. The goods deficit is on track to be one of the highest on record. November imports of $250.7 billion,…
One of the most consistent nuggets of feedback we receive is about the amount of manufacturing that takes place in China. Businesses have to be profitable and prices have to be reasonable enough for Pros to buy. That combination leads to the global market and manufacturing where it makes the most sense. But today we’re…
Foreign makers of such products as washing machines and solar panels are ramping up shipments to the U.S. ahead of government decisions on whether to erect new barriers, trade data show. [Andrew Tangle | January 3, 2018 | Wall Street Journal] The influx of goods comes after companies including appliance giant Whirlpool Corp.WHR +0.44% and solar-panel maker Suniva Inc.…
