Milton Friedman once said there is nothing as permanent as a temporary government program. [Curtis Ellis | December 18, 2017 | Breitbart] Government programs are frozen in time, and it seems Washington thinks the world is too. That would explain why policies shaping the lives of millions of Americans and trillions of dollars of global economic activity…
Washington ~ President Trump’s determination that China is a “strategic competitor” to the United States is a welcome change according to the Coalition for a Prosperous America (CPA). The designation came as the White House released its recent National Security Strategy (NSS) as mandated by statute. “CPA has long advanced the idea that strategic trade…
Some Legislators Sign Pro-China Letter Washington, DC, December 18, 2017. The Coalition for a Prosperous America (CPA) is urging President Trump to take strong action on the massive subsidies that China is using to dominate the global solar industry. CPA’s effort comes as the president faces a January 26, 2018 deadline to decide on tariffs…
The federal government is on the verge of passing a once-in-a-generation reform of corporate taxation. Unfortunately, instead of true reform that could improve the long run performance of the U.S. economy, this is likely to be the sugar rush of a quick injection of cash which will boost already high multinational profits in the short…
Lawmakers are pushing to expand government scrutiny of foreign investment flowing into the United States amid concerns over what one congressman says is a “backdoor effort” by China to buy up military-related American tech firms. [Guy Taylor | December 12, 2017 | Washington Times] “China has targeted the acquisition of sensitive American technology and data,” Rep.…
When asked recently about the ongoing NAFTA re-negotiations, President Trump said: “Right now, Canada and Mexico have such a great deal that it’s very hard for them to get used to the fact that it can’t be that way anymore.” [Kevin Kearns | December 13, 2017 | The Hill] Trump is, of course, correct. But it’s not…
President Donald Trump has packed his administration with retired businessmen struggling to adjust to the ways of Washington, family members juggling policy portfolios they have no background in, and aides willing to anonymously savage each other, and the president, in the press. [Zeeshan Aleem | December 12, 2017 | Vox] Then there’s US Trade Rep.…
Sen. Tammy Baldwin (D-WI) is urging President Trump to publish a “now late” and incomplete Buy American and Hire American report he demanded earlier this year – a report she said would advance the enforcement of existing laws. [Daily News | December 13, 2017 | Inside US Trade] The report, called for by Trump in…
President Donald Trump’s chief trade adviser issued his first detailed criticism of the World Trade Organization Monday, blasting the global commercial arbiter for “losing its essential focus” and becoming “a litigation-centered organization” that has failed to pay sufficient attention to enforcing existing rules. [Jacob M. Schlesinger | December 11, 2017 | Wall Street Journal] While…
By Jeff Ferry, CPA Research Director The US trade deficit rose another 8.6% in October to reach $48.7 billion as imports in the month hit $244.6B, an all-time record for imports in a single month. That import figure, which includes goods and services imports, is up 1.6% on the September figure, and up 7% on…
