Currency has fallen more than 8.6% this year, making it one of Asia’s worst performers Editors note. As other countries’ currencies fall, capital flees to the US, pushing the dollar up, and making our goods non-competitive. We need the competitive dollar for jobs and prosperity act to charge foreign investors for the service. Meanwhile, interesting…
Extended editor’s commentary: Here is some detailed context regarding article below reporting on China likely resuming purchases of US soybeans. Soybeans prices should not have tanked because soybeans are a fungible global commodity that does not care whether it goes to China or Argentina or EU. There is drought in EU and Argentina and they…
More than 11,100 Good Jobs Created Since February Washington. The Coalition for a Prosperous America (CPA), has determined that at least 11,100 new jobs have been created since February 1 as a result of the protective tariffs imposed on imported solar panels, washing machines, steel, and aluminum. The finding arises from the initial results of CPA’s “Tariff…
By Jeff Ferry, CPA Research Director It’s just six months since the first of the Trump administration’s tariffs went into effect and the job gains are already visible. Our CPA Tariff Job Creation Tracker (TJCT) shows over 11,000 jobs have been created or announced since February 1st and that includes only cases where companies announced specific…
In response to years of China’s predatory economic behavior, President Donald Trump’s administration recently imposed tariffs on $50 billion worth of high-tech Chinese goods. Beijing has now retaliated against America’s agricultural sector, prompting a $12 billion program from the U.S. Department of Agriculture for affected farmers and ranchers. Some in Washington are criticizing the USDA…
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…
Editor’s note: Interesting article by President of MIT. His strategy of more university R&D, however, is silent on location of production. Otherwise its “invent it here, make it there”. Which later becomes “invent it there, too”. American tensions with China over international trade spring partly from concerns that China gives tax breaks to its companies…
Editor’s note: CPA member Eric Nelson appears in this CNBC news clip stating that the administration is right to challenge bad trade deals and change US trade policy. As farmers figure out how to absorb the shocks of global trade disputes, they’re not taking out their frustration on President Donald Trump. Since May, Trump’s approval rating…
Washington, DC – The Office of the United States Trade Representative (USTR) today released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technology and intellectual…
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…
