Editor’s note: The issue of managing the US dollar exchange rate continues to get media attention. Populists say that devaluing the US dollar will bring back American jobs and boost domestic manufacturing. [Ben Piven | July 1, 2019 | ALJAZEERA News] What kind of American leader would want less bang for the buck? More and…
Editors note: This legislation should pass. Also the US needs to focus on developing 5G here. Fast. Ridiculous that we don’t have it. Sen. Marco Rubio (R-Fla.) vowed legislative action on Saturday after President Trump said that he would lift a ban on U.S. companies doing business with Chinese tech giant Huawei. [John Bowden | June 29, 2019 | The…
Editors note: This is what you get when you listen to people who think that a service economy is the wave of the future. Huawei is the top threat to American dominance in wireless technology. And the U.S. is woefully, even disgracefully, behind. [Andrew Ross Sorkin | July 1, 2019 | NY Times] In an…
Editor’s note: Another company moving back to the US. Production to begin in August with 10-15 employees in first year [Alex Zank | June 27, 2019 | Biz Times] Ontario, California-based Optec LED Lighting is moving ground-up production from China to a renovated, centralized facility in Brookfield with plans to eventually make Wisconsin its new…
Editor’s Note: Roger Simmermaker, a CPA member, explains how China is taking over the supply chain serving the energy industry, further evidence why they cannot be trusted to stop cheating. Exclusive: Roger Simmermaker takes on trade war issues [Roger Simmermaker | June 28, 2019 | WND] Many Americans tend to think of the U.S.-China trade war…
Editors note: Another example where U.S. multinational interests do not align with national interests. Advanced Micro Devices revived its fortunes through the deal, and sparked a national-security battle [By Kate O’Keeffe and Brian Spegele | June 27, 2019 | WSJ] Advanced Micro Devices Inc. AMD 3.92% transformed itself from a financially struggling company to an investor’s dream in just three years, a…
Editors note: Robert Scott does an excellent job rebutting a Wall Street guy on exchange rate misalignment. A strong dollar is hurting American workers and main street manufacturers, as I explained last week in the New York Times. I discussed what can be done about it, which builds on a crucial plank of Elizabeth Warren’s…
Editor’s note: CPA submitted the following comments supporting a recent Department of Commerce proposal to classify currency manipulation as a countervailable subsidy under US trade laws. CPA has long supported legislation on this topic, but now Commerce intends to achieve this end through regulation. Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings July 27,…
Editors note: Pat Mulloy is a member of CPA’s advisory board. Trump moved into a bipartisan policy vacuum on China. The political mainstream needs a better strategy, or Trump and China will both be the winners. [Patrick Mulloy | June 26, 2019 | The American Prospect] China’s government uses foreign-ownership restrictions to pressure technology transfers…
Editors note: Another good high tech investment in 5G coming to the US. The administration’s tariffs and sanctions on Huawei are starting to make a difference. Ericsson (ERIC – Free Report) has announced plans of building its first fully automated smart factory in the United States. The Swedish telecom equipment maker has been focusing on…
