Excerpt: In addition to disputes around trade and the alleged Chinese theft of U.S. intellectual property, American intelligence chiefs expressed their distrust of Chinese tech giant and Apple rival Huawei as well as Chinese telecom company ZTE. There is “no chance” President Donald Trump is going to back down in the U.S. trade war with China, former…
Editor’s note: News that Stanley Tools is creating 500 jobs in Texas as it brings Craftsman production back to the USA shows that tariffs are working. Automated Texas factory to produce wrenches and sockets at costs similar to work now done in China [Bob Tita | May 15, 2019 | WSJ] Stanley is investing $90 million…
Editors note: This department of commerce announcement shows the specifics as to how the president’s order to ban Chinese companies from supplying our technology and communications infrastructure will be carried out. FOR IMMEDIATE RELEASE Wednesday, May 15, 2019 News Media Contact: Office of Public Affairs WASHINGTON – Today, President Trump signed an Executive Order:…
Decoupling from China, increased domestic production would boost economy Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. CPA research found that such a move would deliver significant, sustained benefits for the US economy, including the addition…
By Jeff Ferry and Steven L. Byers, PhD Economic modeling results from the Coalition for a Prosperous America (CPA) show that an across-the-board 25% tariff on all China imports would deliver a significant, sustained boost to the US economy, including the addition of $125 billion to GDP in 2024 and the creation of 721,000 additional jobs. CPA…
