by Michael Stumo, CEO of CPA I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely. Here it is. —- Dear Bob: China…
Editor’s note: China’s currency depreciation of 6% is a tariff on $130B of US exports to China (2017 trade numbers) and a subsidy of 6% on $506B goods exports to the US. Compare this to the 25% tariffs on only $50B of imports from China which the administration just put into effect. Their “aggregate tariff” is $7.8B ($130B…
Zach Mottl, the owner of American manufacturing company Atlas Tool Works in Lyons, Illinois, is thanking President Trump for his recent tariffs on imported steel and aluminum. [John Binder | July 8, 2018 | Breitbart] In an interview with Fox Business, Mottl praised Trump’s tariffs on foreign countries and their imported steel and aluminum, saying the economic nationalist approach…
The World Trade Organization has failed at its mission and needs to shape up for the United States to stay a part of it, said former Trump trade advisor Dan DiMicco. [Michelle Fox | July 5, 2018 | CNBC] “If the WTO can’t be any more effective than it has been the last 20 years … then…
Washington has been abuzz of late over President Trump’s moves to address continuing trade deficits with America’s global partners. And whether it’s tariffs on steel or high-tech goods from China, the battle has been seen as primarily a manufacturing issue. But there are compelling reasons to expect that the administration’s strong focus on trade policy…
By Jeff Ferry, CPA Research Director Some agricultural commodities have seen price declines in recent weeks due to uncertainty over international trade relationships. There is a worrying drop in spot corn[1]and soybean[2]prices now as the commodity markets react to the trade conflict between the US and China. In the long term, agricultural prices are determined…
Treasury Secretary Steven Mnuchin won a battle inside the Trump administration over trade policy this week after a series of setbacks as he tries to ease economic tensions with China. [Saleha Mohsin, Jennifer Jacobs, Jenny Leonard, Nick Wadhams | June 27, 2018 | Bloomberg] Most of President Donald Trump’s top advisers had decided by Monday to recommend he…
by Michael Stumo, CEO of CPA Contrary to what you may have heard, Harley Davidson, the iconic American motorcycle company loves high tariff countries. Company management loves tariffs so much, it moves production to countries with the highest motorcycle tariffs in the world. Harley Davidson was founded in Wisconsin in 1903. America now has among…
THE OPPORTUNITY – ECONOMIC RESEARCH ASSISTANT You are invited to explore the position of Economic Research Assistant with the Coalition for a Prosperous America Education Fund. Our organization is dedicated to educational activities that will result in new and positive U.S. trade and economic policies to help America win the international competition for good jobs,…
Washington- The Coalition for a Prosperous America (CPA) has endorsed the United States Foreign Investment Review Act of 2017 (S. 1983) cosponsored by Senators Sherrod Brown and Charles Grassley. The bill strengthens the review of incoming foreign investment based upon whether the long-term strategic economic interests are served by the transaction. Current law allows review…
