CPA’s take: This well-written article explains why dollar hegemony and overvaluation is bad for US productivity and working-class people around the world. The global dollar system has few national winners. In the typical frame, understanding the US dollar means understanding the “exorbitant privilege” it confers on America. But the role of the dollar in structuring…
Washington. The Coalition for a Prosperous America (CPA) has added two new staffers to its executive team. The new hires—Trade Counsel Charles Benoit and Industry Analyst Kenneth Rapoza—will help CPA improve its advocacy for domestic industry at a time when Americans are increasingly turning away from products made in China. “CPA has made great strides…
CPA’s take: Peterson Institute received $400K+ funding from Huawei Peterson Institute for International Economics works with regime officials to rebut China criticism [Yuichiro Kakutani | July 21, 2020 | Washington Free Bacon] A prominent U.S. think tank that received hundreds of thousands of dollars from Huawei has repeatedly given senior Chinese officials a megaphone to rail…
CPA’s take: A good rundown on the recently sanctioned Chinese companies by Ken Rapoza. Another week, another round of sanctions against Chinese entities no one in the U.S. has heard of, but they have surely worn their T-shirts, opened their refrigerators, bought their yarn at Joann’s Fabrics & Crafts, or sat in a New York subway…
Editor’s Note: Don Buckner has been a CPA member since 2019. Problem: We are at war and we don’t even know it. by MadeinAmerica.com The old saying: He who owns the Gold makes the rules. The United States has completely lost its sovereignty through the transfer of wealth to other nations, this is due to…
CPA’s take: More evidence that waiting for our “allies” before we act to address the China issue is lazy thinking. Thanks to the pandemic, American businesses have come to learn that sourcing nearly everything from China is a bad idea. The vast majority of them are looking to source elsewhere post-pandemic, while their European counterparts…
Editors note: Is Chairman Xi setting his sights on consuming Hong Kong next? TAIPEI (Reuters) – Taiwanese officials in Hong Kong have been told their visas will not be renewed unless they sign a document supporting Beijing’s claim to Taiwan under its “one China” policy, a person with direct knowledge of the matter told Reuters.…
Editor’s Note: PPE is increasingly re-shoring. But need much more with hard-nosed industrial policy and tariffs on foreign suppliers who would erode domestic market share. American companies like 3M, Honeywell and Prestige Ameritech are investing in domestic production of masks [Austen Hufford | July 17, 2020 | WSJ] The Covid-19 pandemic has unraveled the global…
Editor’s Note: The business press is starting to turn its attention to the fact that China decoupling will happen. It’ll take work for corporate America to set up new supply chains and develop new consumers, but then again, the Chinese market took work, too. [Michael Schuman | July 14, 2020 | Bloomberg] China was supposed to…
Editors note: The Canadian government has lost its mind. The government of Canada has awarded an estimated $6.8 million contract to a state-owned Chinese company to supply security equipment for 170 embassies, consulates and high commissions around the globe. [John Ivison | July 17, 2020 | National Post] The contract for conveyor-style X-ray machines was…