Editor’s note: We used to apply trade sanctions to countries that abused their citizens. The case of a Chinese student jailed for tweets he sent while studying in America underscores that being overseas is no protection from Beijing’s censors. [January 23, 2020 | Bloomberg] Luo Daiqing, who attends the University of Minnesota in the U.S.,…
Editor’s note: The key sentence is this “It turns out China depends more on exports to the U.S. than America does on Chinese imports.” Trump’s tariffs were an effective weapon, and Beijing had to bend as its economic growth slowed. [Andy Puzder and Bill Hagerty | January 15, 2020 | WSJ] The U.S. and China signed…
Editor’s note: Keith Bradsher does a good job laying out the mechanisms of China’s state sponsored technology theft and forced transfer. Its the tip of the iceberg. Companies have long accused Chinese rivals of swiping or seizing valuable technology. Beijing promises to ban those practices, but enforcement could be tough. [Keith Bradsher | January 15,…
Continues to seek tariff increases, exchange rate fix Washington. The Coalition for a Prosperous America (CPA) offered its initial support for the ‘Phase One’ China deal concluded today by the Trump administration. CPA’s members are cautiously supportive and believe the president’s use of tariffs and other leverage remains necessary to address China’s IP theft and other…
Editor’s note: This is an interesting legislative initiative for industrial strategy in the US, focused upon 5G. The US needs a combination of tariffs, industrial strategy and exchange rate realignment to win the global competition for good jobs and industries. Bipartisan bill would subsidize tech firms in their efforts to compete with Beijing-backed Huawei [Drew…
Editor’s note: This is an excellent article by Peter Navarro. Paragraph three and four capture CPA’s analysis and why we differ from conventional economists. Tariffs to preserve or build industries are an investment in future jobs, innovation and production. Conventional economic models ignore how they boost investment and national security. [Peter Navarro | January 13,…
Editors note: Germany talks multilateralism while acting unilaterally for its own Germany First interests. This article explains why we cannot expect to Germany to help us in the US China conflict. It’s comforting to believe that frequently rocky US-German relations over the last three years have been due largely to President Trump’s personal approach —…
Editor’s Note: David Morse is the tax policy director for CPA and has once again made the top 100 list, coming in at #3 for Tax Writers, Bloggers & Gurus. His focus on ending the Tax code discrimination against US domestic companies continues to be a reason so many are paying attention to CPA’s Tax…
Editor’s Note: The most massive producer subsidy program in world history keeps chugging along as China drenches the production sector with another $115B in newly minted renminbi plus forced lending requirements. The country’s central bank will in effect inject $115 billion into the financial system despite signs the economy has been improving. [Carlos Tejada and…
CPA’s year in review | 2019