Editors note: This is an important interview. Larry Kudlow, White House Economic Advisor, talks to CNBC’s Jim Cramer about tariffs and trade. He says the WTO is broken, the China problem is getting worse and he largely agrees with Peter Navarro. Kudlow is still not sure about whether the trade deficit is bad. But has…
Editors Note: CPA Advisory Board Member, Pat Mulloy, appeared as guest speaker on The Bill Walton Show to discuss the Chinese election where Xi Jinping was voted “President for Life.” With this vote they proclaimed that China is now realizing its dream of national rejuvenation, and it’s grand strategy to restore its Empire.
Editorial note: This article is significant because it demonstrates how the business press is coming around to the fact that free trade and globalization have produced big problems. CPA has been communicating with this reporter for several years on the topic. I’ve been feeling a little worried about job security lately. I am the global…
Editors note: China ineffectively tries to defend its state directed economic system by pointing out that the US has Fannie Mae. In the final day of the World Trade Organization’s biennial review of Chinese trade policies, Beijing fought back on criticism offered by other members in a host of areas, including claims that it unfairly…
After the US Trade Representative recently announced tariffs on another $200 billion of Chinese goods, I was asked whether I would admit that the US is now in a trade war. Op-ed by Michael Stumo, CEO of CPA, originally appeared on Rockland County Times on July 12, 2018 China started the trade war in 1994…
Editor’s note. This article show how bipartisan trade reform is. If President Trump has been clear on one thing, it’s that globalized trade is a raw deal for American workers. [Jeff Spross | July 16, 2018 | The Week] Of course, most mainstream economists and commentators do not agree, to put it mildly. They see…
Editor’s note: This article shows how the elimination of country of origin labeling for meat caused American producers’ share of the grass fed cattle market to decline from 60% to 15% in just a few years. Last month, in a petition formally filed with the United States Department of Agriculture (USDA), two advocacy groups made a stunning…
Editors note: Broadside view against globalism that quotes Michael Stumo, CEO of CPA, extensively. The city of Danville, Virginia sits in the bellybutton of the Blue Ridge Mountains, a hat-toss over the North Carolina border and about 85 miles northwest of Raleigh. It’s low hill country and Danville straddles the frothy, chocolate-milk waters of the…
Tax Cuts Reach Six-Month Mark By David Morse, CPA Tax Policy Associate Director It’s been six months since President Trump signed the Tax Cuts and Jobs Act (TCJA). And the legislation has enjoyed a rosy afterglow, receiving credit for every bonus or capital expenditure. But tax analysts agree that it’s simply too early to see the…
By Jason Cooper, CPA Research Assistant According to the latest US government report the US trade deficit in May was $43.1 billion, the smallest deficit since September of 2017. The smaller deficit was driven by a $3.7 billion increase in exports from April to May, with exports of $144.9 billion in May. Product categories showing…