By Kenneth Rapoza, CPA Industry Analyst Why are we dependent on China’s pig population for a critical animal source material used in making heparin? Bovine heparin is the way to ween ourselves from that part of the medical supply chain, currently over-reliant on China. It is found in hospital crash carts, is one of the…
CPA’s Take : China is planning to spend over $1 trillion on catching up to the US in technology, especially chipmaking. The US must make spending and investing in a US-based chip industry a high priority, starting now. CPA’s Take: China is planning to spend over $1 trillion on catching up to the US in…
In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last year. The authors compare it…
By Kenneth Rapoza, CPA Industry Analyst Is the sugar substitute stevia being harvested and produced through forced labor in China? Homeland thinks so. And Customs & Border Protection agrees. The US Department of Homeland Security said on Tuesday that some of the sugar substitute stevia that comes from China is being harvested and packed by forced…
By Kenneth Rapoza, CPA Industry Analyst Peter Navarro spoke with the Hudson Institute’s Michael Pillsbury and said economic nationalism is the only way to protect American manufacturing from China. He’s also listed what he calls China’s “Seven Deadly Sins”. White House Trade and Manufacturing Policy director Peter Navarro had a lot of choice words on…
CPA sent the following letter to Trade Ambassador Robert Lighthizer supporting efforts to reform the WTO because it has not helped farm and ranch income. WTO rules also wrongly prevent the US from creating an effective agro-industrial strategy for rural America. Dear Ambassador Lighthizer, We appreciate the efforts put forth by you and President Trump…
RE: Five Suggested Reforms for the Generalized System of Preferences (GSP) Dear Chairman Grassley and Chairman Neal, As you consider renewing tariff preference programs such as the Generalized System of Preferences (GSP), we urge you to consider whether and how such programs can be updated to serve the national interest. We are particularly concerned about…
By Michael Stumo In 2019, a House resolution established a bipartisan “Select Committee on the Modernization of Congress” that sought to make Congress more efficient and transparent. Recently, the Committee offered a lengthy list of recommendations to improve everything from staff pay and mailing procedures to cybersecurity and communications systems. However, amidst various mundane proposals…
By Kenneth Rapoza, CPA Industry Analyst If you want to do business with the Department of Defense and NASA, for example, you will now have to make sure there’s not a hint of Chinese telecommunications equipment and video surveillance equipment anywhere in your building, or used by your vendors. Made in China components and key…
The rising dollar–35% in the past nine years–makes U.S. exports more expensive overseas. In March, the Federal Reserve was forced to act in order to avert an international financial crisis. With corporations around the world closing down at the start of the COVID-19 crisis, payments from customers stopped. Foreign companies needed funding to meet their…
