Editor’s note: The US needs to do this. Now. 40% of generic-drug makers warn that supply chains could fail in six months [Hiromitsu Goto | May 12, 2020 | Nikkei Asian Review] TOKYO — As the coronavirus pandemic brings Japan’s dependence on imported medical supplies to the fore, the government has started working with more than 400 domestic…
Editor’s note: CPA is proud to support this much needed law to require that goods sold online are clearly marked as to country of origin. Americans are more motivated than usual to buy USA made products. This is important for post-COVID recovery as well. The COOL Online Act updates our labeling laws for the online…
Editor’s note: The US Trade Ambassador lays out the “Lighthizer Doctrine”. Which is much different than the views of his predecessors. The pandemic, and Trump’s trade policy, are accelerating a trend to bring manufacturing back to America. [Robert E. Lighthizer | May 11, 2020 | NY Times] Some say crises don’t so much alter the…
Editor’s note: We must not let the COVID pandemic become a growth opportunity for China. Absent counter-action, they will take out our medical supply and device industry. Manufacturers quickly retool as their western rivals struggle against production constraint [Sun Yu, Xinning Liu and Tom Mitchell | May 11, 2020 | FT] When southern Chinese auto parts…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. Manufacturers are stepping up during the pandemic—now it’s time for Congress to get trade policy right. [Michael Stumo | May 11, 2020 | Industry Week] As the tragic toll of the COVID-19 pandemic continues to rise, the United…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him on Twitter @michael_stumo. We’re now roughly two months into the global COVID-19 pandemic. Amid unprecedented economic disruption, Congress has already passed four pieces of bailout legislation at a cost of roughly $3.6 trillion. The spending is necessary, but one question keeps hanging in…
Editors note: Perhaps the US needs to buy pork processing plants in China to export the meat to the US. What do you suppose Chairman Xi would do then? CHICAGO (Reuters) – U.S. President Donald Trump ordered meat processing plants to stay open to protect the nation’s food supply even as workers got sick and…
Editor’s note: An article calling for decoupling from China because it wants to destroy and dominate the international order, not join it. In 1947, we could afford to give containment a try. Today, a defensive stance will not cut it. [Andrew A. Michta | May 7, 2020 | The American Interest] A long overdue…
Editor’s note: SEC’s Clayton may need to find a new job. SEC refuses to go after China-owned publicly listed corps that won’t allow financial disclosures to be made public. Instead Clayton’s agency says “oh, just be careful”. Ridiculous. The commission’s ‘buyer beware’ announcement looks tough but actually is irresponsible. [Michael D. Mann and Arthur Levitt Jr.…
Editor’s Note: Dan Alpert is on CPA’s advisory board and a principal researcher to the Job Quality Index. Average hourly wages will likely jump between 4% and 6%, cumulatively, from March through May of this year. How can this be? Because we have just eliminated tens of millions of low-wage/low hour jobs and the mix of jobs…