Washington. The Coalition for a Prosperous America (CPA) today praised a new Senate resolution calling on Americans to buy domestically produced goods. The bipartisan resolution, introduced by Sens. Rick Scott (R-FL) and Tammy Baldwin (D-WI), urges support for U.S. manufacturers and their workers. Co-sponsors include Sens. Kelly Loeffler (R-GA), Chris Murphy (D-CT), Mike Rounds (R-SD), Shelley…
Editor’s note: Marc Fasteau (CPA Board Member) and Ian Fletcher (CPA Advisory Board Member) authored this important piece describing the economic basis of successful industrial policy. A book will be coming soon. Industrial policy is back on the national agenda. From Marco Rubio on the right to Elizabeth Warren on the left, a bipartisan consensus…
Editor’s note: Chinese companies’ fraud is not just in the stock market, it is in the FDA approval database. WSJ analysis shows gaps in FDA coronavirus-response program; false address, nonworking number [Austen Hufford, Mark Maremont and Liza Lin | June 12, 2020 | WSJ] More than 1,300 Chinese medical-device companies that registered to sell protective…
Editor’s note: Excellent news that there is planning for a stimulus package to broadly promote Buy American and production here. (CNN) — White House trade adviser Peter Navarro said Saturday that the White House is targeting a phase four stimulus package focusing on American manufacturing that will be “at least $2 trillion dollars.” [ Jason…
Committee established to investigate fraudulently listed stocks Washington. The Coalition for a Prosperous America (CPA) appreciates President Trump’s recent executive order establishing a Presidential Working Group to stop Chinese companies from flouting U.S. securities laws. CPA has actively protested the preferential treatment given to publicly traded Chinese companies that are allowed to hide financial information…
Editor’s note: FDA is complicit in offshoring our drug supply chain. We need to bring it back to the US. The Food and Drug Administration had to walk back testimony by an official at a Senate hearing last week after he downplayed the scale of China’s dominance of the drug supply chain in the U.S.…
Editor’s note: Just as Amazon seeks to use blockchain to fight counterfeiting, US Customs and Border Protection should consider using blockchain to fight customs fraud (counterfeiting, country of origin lying, etc). The world’s largest e-commerce retailer has received patent approval for its latest solution in a long line of weapons for fighting counterfeit items on…
Editor’s note: Rep. Mike Gallagher says that it is time to stop denying it and acknowledge that we are in a cold war with China. Some lessons from the Soviet era apply: Seek bipartisan consensus and allies, and avoid armed conflict. [Mike Gallagher | June 7, 2020 | WSJ] China has pushed back. Two weeks…
Editor’s note: Senator Hawley v stateless multinationals in China. The ones that are patriotic only when convenient. Today, on the 31st anniversary of the Tiananmen Square massacre, U.S. Senator Josh Hawley (R-Mo.) sent an open letter to American companies operating in China calling for them to stand up against the Chinese Communist Party’s (CCP) crackdown on Hong Kong.…
Editor’s note: A few stateless multinationals in the US finally get the message that China is not their friend. But Merkel, EU and other leaders of “allies” didn’t get the memo yet. For years, big U.S. firms were Beijing’s most reliable allies in Washington. Now they’re taking a harder stand. [Bob Davis and Lingling…
