Editors note: It is CPA’s position that the full $50 billion of Chinese exports should be subject to the tariffs. And that we should plan to go further with tariffs on another $100 billion imports. China’s technology theft and trade surplus of $387 billion annually with the US is unlikely to be remedied without even…
CPA Research Director Jeff Ferry said: “Despite slightly better monthly trade data for the month of April, the US trade picture in 2018 continues to worsen. For the first four months of the year, our trade deficit year-to-date 2018 was $201 billion, 11.5% worse than the comparable period in 2017. At this rate, we are…
Editors note: this article makes clear that CPA’s preferred tax system, sales factor apportionment, would be better for US production. It would eliminate the tax discrimination in favor of multinational in foreign companies and against against US domestic companies. Multinational companies shift about 40% of the profits they earn outside their home countries into tax havens, eluding…
Editors note: It is significant that Larry Kudlow said this rather than trade hawks like Peter Navarro. Also, citing national interests as more important than the globalist WTO is reminiscent of an important book by Gomory and Baumol called “Global Trade and Conflicting National Interests. National Economic Council Director Larry Kudlow on Wednesday signaled that the Trump…
“Editors note. This steel import surge from many countries, including ‘allies’, show why the 232 tariffs on steel are not limited to unfriendly countries.” Steel imports rose 12 percent in April and have captured 26 percent of the market share this year despite tariffs intended to strengthen the domestic steel industry. [Joseph S. Pete |…
Editors note: The Mexico challenge to US tariff actions will also challenge the future of the WTO if the institution continues being part of the problem by preventing the US from correcting our trade deficits. Mexico has started proceedings against the United States at the World Trade Organization (WTO), arguing that the tariffs that US President…
Editors note: CPA supports country of origin labeling. It is wrong for USDA to label foreign beef as Product of the USA. The Trump administration has the power to fix this problem and should do so. R-CALF USA Billings, Mont.- Today, the U.S. District Court Eastern District of Washington granted summary judgment to the U.S.…
There’s a lot of fuss right now about President Trump imposing tariffs on steel and aluminum imports. Critics fret about a trade war. Others worry there will be disruptions to global markets. [Dan DiMicco | June 3, 2018 | The Hill] Realistically, the president had no choice but to stand up for America’s steel and aluminum producers.…
Core concept: The overvalued dollar pushes US commodity prices down Around a decade ago, I was talking with a staffer of the Senate Commerce Committee about infrastructure. I gave a list of potential projects, including trains. He interrupted me and said that they don’t talk about trains there. [Dean Baker | June 3, 2018…
Summary note: The Coalition for a Prosperous America supports the legislation, referred to in this article, which would tighten incoming foreign investment restrictions. We are also very concerned about the takeover by Cosco Shipping, a Chinese company. If you owned a company, would you let your competitor monitor all your incoming and outgoing orders? In…
