The U.S. Trade Deficit Isn’t Caused by Low American Savings

Editor’s note: Professor Pettis rebuts the recent, disappointingly bad, article by Joe Stiglitz. Also, on the core of trade deficit causation, Pettis again clarifies how our deficits originate in trade surplus countries – through their practices – and are transmitted here.Economist Joseph Stiglitz recently published an interesting piece in Project Syndicate called “The US is at Risk of Losing…

Press Release: CPA Urges USTR to Revise Country-of-Origin Labeling for Food Imports

Renegotiation of NAFTA Should Address Beef, Cattle Issues Washington. The Coalition for a Prosperous America (CPA) today urged US Trade Representative (USTR) Robert Lighthizer to pursue country-of-origin labeling (COOL) issues in the renegotiation of the North American Free Trade Agreement (NAFTA). CPA believes that reinstatement of COOL labeling will help US consumers to find safer food…

Why Trump Hit the Koch Globalists on Tax

By David Morse, CPA Tax Policy Associate Director President Trump struck against the Koch Brothers and their network last week in a tweet stating: “They want to protect their companies outside the U.S. from being taxed, I’m for America First & the American Worker – a puppet for no one. Two nice guys with bad ideas.…

Is Xi Jinping’s Bold China Power Grab Starting to Backfire?

Editor’s note. The media narrative is changing from “America is isolationist” to “America’s pushback is isolating China”.  A few months ago, Xi Jinping seemed unstoppable. He’d just abolished presidential term limits and announced the most sweeping government overhaul in decades. Having hosted Donald Trump for a successful visit in November, Xi seemed to have prevented…