Author Archives: Michael Stumo

Press Release: CPA Gives American Trade Hero Awards to Reps. Lipinski and Brooks

Washington~ The Coalition for a Prosperous America (CPA) is pleased to announce that Representative Dan Lipinski (D-IL-03) and Representative Mo Brooks (R-AL-05) will each receive a 2018 American Trade Hero Award. “We are honored to present Representatives Dan Lipinski and Mo Brooks with our 2018 American Trade Hero Award,” said Michael Stumo, CEO of CPA. “Their unwavering commitment to supporting America’s producers is truly commendable. CPA…

Sources: Canada to propose eliminating ISDS at NAFTA meeting this week; USTR to agree

During a meeting with their U.S. counterparts this week, Canadian negotiators will pitch the elimination of the deal’s investor-state dispute settlement provision — and the U.S. is expected to agree to that proposal, allowing for what private-sector and congressional sources called a “win” for U.S. Trade Representative Robert Lighthizer in one of his priority areas…

US confirms anti-dumping duties for Argentina, Indonesia biodiesel

The US Department of Commerce confirmed on Wednesday evening its preliminary finding that Argentina and Indonesia engaged in dumping of biodiesel and imposed dumping duties ranging from around 60 to nearly 277 percent. [February 22, 2018 | Financial Times] The initial finding from the commerce department in October said exporters from Argentina had sold biodiesel at dumping margins of…

China Humiliates Another Western Company

Mercedes-Benz, the luxury unit of Daimler AG , recently learned the price of crossing Beijing. Earlier this month the German car maker was attacked by state media after posting an anodyne Dalai Lama quote on Instagram. The company quickly and abjectly apologized to the Chinese government. It then went further, promising “no support, assistance, aid or help to…

What Does a True Populism Look Like? It Looks Like the New Deal

President Trump’s tough talk on trade and the tariffs he recently imposed on imported washing machines and solar panels, as well as the ones he threatened on foreign steel and aluminum, would seem straight out of the populist playbook. But in terms of targeting the real grievances of his popular base, they largely miss the mark. [Dani…

How Facebook Can Help Rebuild US Manufacturing

By Jeff Ferry, CPA Research Director In a highly polarized nation, Facebook has accomplished the amazing achievement of getting itself intensely disliked by both right and left. The right detests it because its newsfeed has demonstrated a distinctly progressive bias, reflecting the worldview of the majority of its 25,000 youthful employees, while the left resents…

Infrastructure plan must not succumb to free-trade mythology

In a meeting with House and Senate members this week, President Trumpwas reportedly surprised to learn that his newly released infrastructure plan didn’t include any “Buy America” requirements. The president had issued an executive order last April stating: “It shall be the policy of the executive branch to buy American and hire American.”  Op-ed originally appeared on The…

Justin From Canada Attempts Backup Option for Trade Mistakes, Fails Miserably…

NAFTA is as precarious as a slow-spinning plate on a stick. Mexico and Canada are both  taking half-hearted turns recharging the momentum – while simultaneously looking for trade options due to, well,.. the inevitable. [February 19, 2018 | The Last Refuge] The basic issue is a simple one; for the U.S. NAFTA has a fatal…

Daniel Alpert Joins Cornell Law School as Senior Fellow in Finance and Macroeconomics

Daniel Alpert is a member of the CPA Advisory Board. We congratulate him on his new academic appointment. The Clarke Program on the Law and Regulation of Financial Institutions and Markets, part of Cornell’s Jack G. Clarke Business Law Institute, is pleased to announce that Daniel Alpert has joined the Program as Senior Fellow in Finance and…

Charlotte CEO calls on Trump to act quickly on steel tariffs

Nucor Corp. CEO John Ferriola welcomed a U.S. Department of Commerce recommendation Friday for steep steel import tariffs — possibly as high as 53% for a dozen specified countries, including China. [John Downey |February 16, 2018 | Charlotte Observer] “We are very encouraged by the recommendations (Commerce) Secretary (Wilbur) Ross has provided the President to deal with the…