By Kenneth Rapoza The Senate Subcommittee on Security held a hearing on China this week. This is what we learned. Ladies and gentlemen, we have consensus. Senate Republicans and Democrats on the Subcommittee on Security’s China Challenge hearing chaired by Dan Sullivan (R-AK) all agreed on Thursday that the threat posed by the world’s No.…
By CPA Staff The Senate takes a stab at reforming the World Trade Organization. But is it even fixable anymore? Yesterday’s Senate Finance Committee hearing on reforming the World Trade Organization showed that leaving the beleaguered institution is not top of mind with them. Everyone seems keen on fixing what’s fixable, with significant doubts among…
by Kenneth Rapoza, CPA Industry Analyst A recent Ways & Means Committee meeting shows Congress is not on the same page with the post-pandemic reshoring of critical supply chains. Relying on allies is too kumbaya for us. The US Congress can only influence, and truly depend, on one supply chain—our own. One of the biggest…
By Kenneth Rapoza, CPA Industry Analyst It makes no sense to allow China airport passenger bridge maker CIMC Tianda to benefit from Federal grants. They get them already from Beijing. Congress took an important step in halting the flow of taxpayer money to Chinese jet bridge manufacturers recently. They figured out that it’s unwise to…
CPA’s take: It’s great to see the Trump administration invoking the DPA to lend Kodak some serious money, great to see a historic US company getting into the pharma business, and great to see 300 jobs to be created in Rochester NY. The Eastman Kodak Company has secured a $765 million Defense Production Act loan to…
Presses USTR Lighthizer to pursue broad reset of tariffs at WTO Washington. The Coalition for a Prosperous America (CPA) today sent a letter to U.S. Trade Representative Robert Lighthizer supporting a substantial renegotiation of bound tariffs set at the World Trade Organization (WTO). Specifically, CPA is urging Lighthizer to begin a GATT Article XXVIII process…
CPA’s take: Secretary of State Pompeo says 50 years of engagement with China was a mistake. We were hoodwinked. See the video starting at the 2:22 mark. Secretary of State Michael R. Pompeo delivers a speech on “Communist China and the Free World’s Future” at the Richard Nixon Presidential Library in Yorba Linda, California. [July…
CPA’s take: China pigeons. Those who acknowledge Chinese racial authoritarianism or other bad behavior but then pivot to argue for no action or for irrelevant or cliche solutions. There is a new breed of China watcher stalking editorial pages. Potentially concerned, though not always, about various China misdeeds which few deny but clinging to unrealistic…
CPA’s take: This is a very good quote from Attorney General Barr. “The ultimate ambition of China’s rulers isn’t to trade with the United States. It is to raid the United States. If you are an American business leader, appeasing [China] may bring short-term rewards. But in the end, [China’s] goal is to replace you.” US…
The AFL-CIO, USW, and 19 other groups released a joint statement on bringing PPE manufacturing back to the States. On July 20, a coalition of 21 groups asked the U.S. government to support efforts to invest in domestic production of PPE, or personal protection equipment. The coalition included several manufacturing trade groups and unions, including…
