By Jeff Ferry, CPA Chief Economist It took 20 years for China to disrupt global supply chains and build up the world’s largest manufacturing base. In the process they decimated US manufacturing sectors like computers, telecommunications, and furniture. It seems to be taking just two years for China’s manufacturing dominance to crumble before our eyes.…
Editor’s note: Presidential candidate Elizabeth Warren has submitted the most detailed trade agenda of any candidate. While there are several good parts of the plan, there is no mention of the trade deficit or the misaligned dollar exchange rate. Last month, I released my economic patriotism agenda — my commitment to fundamentally changing the government’s…
Editor’s note: An analysis of how Asian economies grew stunningly through intentional policy and not laissez-faire free trade. I’ve always had highly libertarian instincts, for both pragmatic and ideological reasons. You say civilians should be able to own rocket launchers, I demand that these rocket launchers not face a sales tax. But for me and…
Editor’s note: China has received preferential treatment at the WTO as a “developing country” but it has long outgrown that status. This move continues towards the possible end of the WTO. President presses trade organization to change China’s ‘developing country’ status [Jacob M. Schlesinger and Alex Leary | July 26, 2019 | WSJ] WASHINGTON—President Trump ramped…
Editors note: CPA distributed flyers last year in Congress stating that currency is the next front in the trade skirmish. Our prediction is coming true now. Divisions in White House emerge on whether to take rare step Internal currency feud echoes officials’ battles over trade [By Saleha Mohsin, Katherine Greifeld, and Shawn Donnan | July 26, 2019 |…
Editors note. China’s growth strategy relies upon suppressing consumption, overproducing, and exporting it’s goods glut to the US. Administration’s tariff strategy is working. They are looking for new places to do “economy-wide dumping”. Next step is realigning exchange rates. Faced with severe factory overcapacity at home and tariffs on exports to the U.S., Beijing wants…
