By Kenneth Rapoza, CPA Industry Analyst President Biden makes first call to Xi Jinping since winning the White House. By the looks of things, we have a continuation of the previous government’s take on China. President Joe Biden spoke with his China counterpart on Wednesday evening, and after wishing him a Happy Lunar New Year…
By Steven L. Byers, PhD, and Jeff Ferry Last year the US registered its largest trade deficit in 12 years and its largest-ever deficit in goods trade. In this article, we review the main trends in US international trade in 2020. The US trade deficit continued to deteriorate in 2020 as it rose to a 12-year…
By Kenneth Rapoza, CPA Industry Analyst New hires inside the USTR bode well for CPA view on trade, currency. Joe Biden is filling new roles at the United States Trade Representative, led by Katherine Tai, whom we suspect will replace Robert Lighthizer. The new hires are interesting, including former Obama/Biden Treasury Department economist Brad Setser.…
Rosemary Gibson chairs the healthcare committee of the Coalition for a Prosperous America. She is the author of “China Rx: Exposing the Risks of America’s Dependence on China for Medicine.” Over the past year, the COVID-19 pandemic has claimed many American lives. Millions are still out of work. This is the public toll of the…
The Job Quality Index (JQI) rose 0.54 to 79.36 in the February reading as the decline in low-quality jobs prompted a small increase in the JQI. The JQI, produced by the Coalition for a Prosperous America in partnership with academics from Cornell Law School, measures the ratio of high-quality to low-quality jobs where high quality…
The Broken Tax System: Is It Hurting American Domestic Business? Discussing economic implications, revenue streams and corporate tax avoidance. David Morse, the tax policy director for CPA sheds some light on Sales Factor Apportionment and why it’s needed. Watch episode 3: Trade
CPA sent the following letter to President Biden asking that he take into consideration three suggestions to ensure the strongest Buy American provisions possible. Dear President Biden: The Coalition for a Prosperous America (CPA) would like to reiterate our thanks following our press release last week supporting your Buy American Executive Order (EO).[1] Your emphasis…
By Kenneth Rapoza, CPA Industry Analyst The December trade deficit in goods and services fell 3.5% to $66.6 billion in December after a big boom in November. One big takeaway from the last month of 2020, China trade is giving way to Mexico in near-shoring effort. The goods and services deficit for the month of…
By Kenneth Rapoza, CPA Industry Analyst President Biden’s National Security Council looks tough on China. How will they act on it? President Biden, initially criticized for being soft on China, is having to prove otherwise. We are liking some of the additions to the China watch team inside the National Security Council (NSC). Other than…
Michael Stumo, CEO of CPA, was a guest on “HuffPost Live” on January 4, 2013 at 7:20 pm eastern time. This is a streaming video news service by the Huffington Post. The show was called “Does Buying American Hurt America?”. From HuffPost Live: It’s hard to do the right thing when it comes to consumer behavior.…
