Editors note: This looks promising. Commission says the state-owned businesses must prove they aren’t subject to Chinese government control [Kate O’Keeffe | April 24, 2020 | WSJ] WASHINGTON—The Federal Communications Commission ordered four Chinese state-owned telecommunications operators to explain why it shouldn’t withdraw permission for them to operate in the U.S., paving the way for…
Editor’s note: All China FDI into India will now require govt approval. The US should do the same. MUMBAI (Reuters Breakingviews) – The Great Wall against Chinese acquisitions is extending into India. Foreign direct investment from the People’s Republic will now require government approval, which could slow development in key areas like technology. Compared to similar…
Sends letter to President Trump expressing concern over tariff deferral Washington. The Coalition for a Prosperous America (CPA) sent a letter to President Trump today expressing concern about a decision by the Treasury Department and US Customs and Border Protection (CBP) to postpone duties on many imports for 90 days. CPA believes that the deferral of…
Editor’s note: The public is ahead of the Congress on distrust of China. Too many in Congress are still not getting the fact that we need to increasingly decouple and bring production home. Two-thirds of Americans say they have an unfavorable view of China, according to a national poll by the Pew Research Center. [Paul Steinhauser |…
Editor’s note: Gen’l Robert Spaulding is and has been right on China. Corporations are exposing our 5G security to the Chinese Communist party [Robert Spalding | April 17, 2020 | Spectator] The societal implications of 5G — on how we live and how we work — are truly mind-boggling. And so is the capacity to…
Editors note: Sen. Rubio is at the forefront of industrial strategy. We need a “Made in America 2030” strategy to counter Chairman Xi’s “Made in China 2025”. With a sensible industrial policy, workers will take precedence over short-term corporate gain. [Marco Rubio | April 20, 2020 | NY Times] Americans are a resilient people. We…
Editor’s note: This very, very limited tariff deferral program would have been a lot bigger if CPA and others had not gotten involved to block a blanket deferral of tariffs. Move won’t apply to goods imported from China, steel or aluminum [William Mauldin | April 19, 2020 | WSJ] The Trump administration said it would allow some…
CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding the new Main Street Lending program and the previously announced Paycheck Protection Program (PPP). The PPP is the most popular lending program because the loan is forgiven as you pay…
Concern that multinationals tapping global, not domestic, suppliers Washington. As the United States continues to battle the COVID-19 pandemic, the Coalition for a Prosperous America (CPA) has identified hundreds of U.S. manufacturers available to produce needed medical equipment. A survey conducted by CPA found more than 600 domestic manufacturers with the capacity and resources to…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). America’s annual trade deficits with China have soared—rising from $83 billion in 2000 to $420 billion in 2018. [Michael Stumo | April 5, 2020 | Industry Week] Twenty years ago, President Clinton gave a speech urging Congress to approve normalized trade with…