FTC Tackles China Companies Lying About Origin
The Federal Trade Commission said on July 1 that was now going to fine foreign companies that list on Amazon, elsewhere, as domestic manufactured products.
Job Quality Index Rises Slightly in May
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose slightly to 81.68 in May, up 0.39% from the previous month, as high-quality jobs increased in sectors including health care and automotive dealerships in May. The JQI increased only slightly because those high-quality jobs…
After 100 Years of the CCP, U.S. Engagement Policy Key to Making the China of Today
Chinese dissident Cai Xia, now at Stanford University’s Hoover Institution, says the U.S. engagement policy on China fed the dragon. The CCP owes a lot of its might to U.S. multinationals, Washington and — increasingly — Wall Street.
May Trade Deficit Rises, As Goods Deficit Hits $444 Billion In Five Months
Despite a decline in imports from China, the U.S. trade deficit in May is up again thanks in large part to commodities imports like oil and Canadian timber. At this pace, a $1 trillion goods deficit is guaranteed for 2021.
Growing Evidence Shows GSP Trade Liberalization Programs Hurt, Not Help
Original by CPA Chief Economist Jeff Ferry published in Foreign Policy News Early in June, the Senate passed its signature “China bill,” a wide-ranging piece of legislation intended to counter Beijing’s industrial rise and spur U.S. technological competitiveness. Included in the bill was a reauthorization of the longstanding Generalized System of Preferences (GSP), a tariff…
Wall Street Helps China Truck Service Raise $1.6 Billion
Chinese “Uber for trucking” company, Full Truck Alliance (FTA), raised $1.6 billion in an initial public offering in the United States with help from Wall Street banks. While the initial haul is impressive, it is a mere fraction of the $20 billion FTA hopes to raise in the near future. To gain some appreciation for…
Opinion\ Declining U.S. Job Quality for People of Color
By Dan DiMicco and Jeff Ferry \ June 2021 \ The Hill As former manufacturing executives, we have seen firsthand how high-quality jobs in our industry benefit Americans from all backgrounds. We also know that the quality of jobs created – not just the quantity – matters. The troubling results of our organization’s new economic study show why. In recent…