Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). America’s annual trade deficits with China have soared—rising from $83 billion in 2000 to $420 billion in 2018. [Michael Stumo | April 5, 2020 | Industry Week] Twenty years ago, President Clinton gave a speech urging Congress to approve normalized trade with…
Editors Note. The US should do this too. Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. [Isabel Reynolds | April 8, 2020 | Bloomberg] The extra budget, compiled to try to offset…
Editors Note: A mea culpa from a Wall St financier who offshored production to China. It’s clear that our medical supply chains are in complete chaos. Supplies are so short that some doctors and nurses in New York City reverted to wearing garbage bags in place of unavailable medical gowns or protective gear, to reusing…