Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. The COVID-19 crisis has put an inordinate strain on the U.S. economy. And America’s workforce is clearly hurting. In the last six weeks, an astounding 33.5 million Americans have lost their jobs. [Michael Stumo | May 19, 2020 |…
Editor’s note: These are astounding poll results showing how much the American voter wants out of China. – 40% of Americans said they won’t buy products from China – 55% don’t think China can be trusted to follow through on its trade-deal commitments signed in January to buy more U.S. products– 78% percent said they’d be…
Opposes congressional calls to suspend tariffs on COVID supplies Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to U.S. Trade Representative Robert Lighthizer urging him to resist congressional calls to suspend tariffs on COVID-related supplies and equipment. CPA says that enabling more imports of medical supplies would shortchange U.S. producers and leave the…
Editor’s note: We’ve been pushing for this for a while. Let’s hope Friday is indeed the day. The White House is preparing an executive order which will require certain essential drugs be made in the U.S., two sources familiar with the matter told CNBC on Thursday. [Kayla Tausche, Riya Bhattacharjee, Lauren Hirsch | May 14, 2020 |…
Editor’s note: More reports that China prevented the WTO from alerting the world re COVID, during the time that Beijing stockpiled medical supplies from around the world. The CIA believes China tried to prevent the World Health Organization from sounding the alarm on the coronavirus outbreak in January—a time when Beijing was stockpiling medical supplies…
Editor’s note: The WTO was designed to be one of several agencies in a future global govt. Instead it aided and abetted the hollowing out of the US economy and the legitimization of authoritarian state-capitalism. “What’s good for the global economy” replaced “what’s good for America” as the guiding principle for Washington’s trade negotiators, diplomats, and…
Editors note: Japan’s new rules require that foreign investors must notify their finance ministry before buying one percent of many companies. This will help their national security but it will also drive down the already-undervalued yen so their exports are even more competitive. Activists wary after finance ministry names stocks covered by law on foreign…
Editors note: Australia is pushing back against its Beijing overlords. Australia and other countries spar with Beijing over its handling of the pandemic [Rachel Pannett | May 14, 2020 | WSJ] SYDNEY—For years Australia tried to balance diplomatic concerns with China against the importance of their bilateral trade relationship. Now, the two countries are openly…
Federal employees’ retirement funds will not be invested in Chinese stocks Washington. The Coalition for a Prosperous America (CPA) today applauded the Federal Retirement Thrift Investment Board for its decision not to invest government employees’ retirement money in companies based in China. CPA had actively urged the Trump administration to stop the Board’s plan to…
Legislation would help consumers identify safe, American-made products Washington. The Coalition for a Prosperous America (CPA) today praised the introduction of new, bipartisan country-of-origin labeling legislation by Sens. Tammy Baldwin (D-WI), Rick Scott (R-FL), Chris Murphy (D-CT), and Kelly Loeffler (R-GA). The new bill, the ‘Country of Origin Labeling Online Act’ (COOL), would mandate that…
