This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act. CPA members with 500 or less employees can start applying as of last Friday, April 3. You can start applying through your local bank. We understand that some banks are…
Editor’s note: Peter Navarro says we are too dependent on the global supply chain and that the government will buy American in the future. Fantastic! NAVARRO: “One of the things that this crisis has taught us, sir, is that we are dangerously over dependent on a global supply chain.” [ALX | April 2, 2020 |…
Editor’s note: CPA worked hard to persuade administration officials to keep existing tariffs in place. We are pleased they are doing so. The Trump administration has decided not to postpone tariff payments as part of its response to the pandemic, National Economic Council Director Larry Kudlow said on Friday… [April 3, 2014 | Inside Trade]…
Editor’s Note: Sherrill Manufacturing is a CPA member located in Central NY. SHERRILL, N.Y. – It has only been a few weeks since Governor Cuomo issued the order for non-essential businesses to shut down. At Sherrill Manufacturing we determined that part of our business was essential in that we produce and supply the U.S. military…
Editor’s note: Here is President Trump’s order regarding ventilators using Defense Production Act authority, dated April 2, 2020 Order Under the Defense Production Act Regarding the Purchase of Ventilators [Healthcare | April 2, 2020 | White House] By the authority vested in me as President by the Constitution and the laws of the United States of…
By Steven L. Byers, PhD and Jeff Ferry US trade with China was drastically disrupted in February in the wake of the coronavirus pandemic. China’s ability to export goods declined and their demand for imported goods fell as a large segment of their population was forced to self-quarantine. As a result, the US goods trade…
Excerpt: “We appreciate President Trump’s statement yesterday that he is NOT planning on deferring the collection tariffs,” the Coalition for a Prosperous America, which has supported the tariffs, said in a statement Wednesday. “This is not a recession caused by lack of cheap goods,” they said. “Incentivizing imports would kill many U.S. jobs that remain.” The calls by…
Editor’s note: Sen. Brown is right that tariff deferral is a terrible idea. The US is suffering from COVID and job losses, not the lack of cheap goods. A “blanket” deferral of tariff payments would inhibit textile manufacturers’ ability to produce personal protective equipment in the U.S., Sen. Sherrod Brown (D-OH) argued on Wednesday in…
Editors note: this White House email has a comprehensive list of Covid information and resources. Assistance for American Workers and Families In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE. [Joseph Russo | April…
Editor’s note: Official confirmation of what was already suspected. COVID numbers from CCP reporting are never true. China has concealed the extent of the coronavirus outbreak in its country, under-reporting both total cases and deaths it’s suffered from the disease, the U.S. intelligence community concluded in a classified report to the White House, according to…
