CPA’s Take: Very bad! The IMF has failed to stop currency manipulation. The US has acted with a modest regulation that defines when we can countervail foreign currency manipulation. Now the IMF is outrageously trying to stop that very modest regulation from being utilized. The US needs to go further and realign our overvalued dollar…
CPA’s Take: When Kamala Harris was running for president, this is what she said about trade. Democratic candidate for President; California Senator [December 15, 2019 | On the Issues] Export American products, not American jobs Q: How would your trade policy differ from President Obama’s? HARRIS: My trade policy, under a Harris administration, is always…
Editor’s Note: CPA submitted testimony to the Senate Finance Committee relating to WTO reform. Our testimony points out the fundamental flaws in the WTO, suggests reform measures, and asserts that the US must be prepared to withdraw to maximize negotiating leverage. As this Committee looks to whether the WTO can be reformed to address twenty-first century…
CPA’s Take: The president eliminated 232 tariffs on Canada for aluminum imports when signing the US MCA. Canada then wrongly thought it could get away with a renewed surge of imports. WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with…
CPA’s Take: This article reveals the myriad ways the US has substituted myths and self-blame for recognition of the geopolitical threat of China. Slowly but steadily they build up their economic, military, and technological superiority at our expense [Victor Davis Hanson | May 14, 2019 | National Review] The Chinese Communist government does not have…
Necessary response to coronavirus disruption of pharmaceutical supply chain Washington. The Coalition for a Prosperous America (CPA) strongly praised the Trump administration for issuing an executive order to end U.S. reliance on China for key medicines. CPA has long urged a reduced dependence on China for sectors critical to national security, including military hardware, wireless…
By Ken Rapoza, CPA Industry Analyst Major pharmaceutical importers have pushed back against the White House’s proposal to support domestic labs. But on Thursday, American manufacturers got a break. We think there is more to come. If there really is a “new normal” spawned by the global coronavirus pandemic, it’s the localizing of critical supply…
CPA’s Take: Joe Biden responds to an NPR question on whether he will eliminate the Section 301 tariffs on Chinese goods In #nabjnahj2020 interview, Joe Biden tells Lulu Garcia-Navarro that Trump’s China tarriffs have been disastrous for business and farming. Watch the exchange here: [Lulu (@lourdesgnavarro) | August 5, 2020 | Tweeted] In our #nabjnahj2020 interview,…
CPA’s Take: China sees COVID recovery as an economic growth and jobs opportunity. America’s elected officials only think in terms of supply chain resiliency. Why are they not talking about the jobs opportunity? We are just not serious about fixing unemployment. For all practical intents, the United States is at war with China. This may…
CPA’s take: The re-layoff phenomenon needs to be considered as Congress deliberates on COVID relief. And you thought the second wave of the coronavirus was nasty. Before the second wave has even hit first wave hot spots like New York, a second wave of layoffs is coming. Thank you, lockdown gurus! [Kenneth Rapoza | August…
