Editors note: It looks like passage of the USMCA may be coming soon. Despite impeachment efforts. A resolution between the Trump administration and House Democrats over the U.S.-Mexico-Canada Agreement is “imminent,” House Speaker Nancy Pelosi (D-CA) said Thursday. [November 15, 2019 | Inside U.S. Trade https://insidetrade.com/daily-news/pelosi-says-usmca-deal-imminent?s=iust] Pelosi earlier this year instructed nine House Democrats to negotiate…
Editors note: President Trump‘s speech before the New York economic club is reprinted here. He doubles down on trade intervention as benefiting the economy saying “we are not going back”. [Economy & Jobs | November 12, 2019 | White House] New York Hilton MidtownNew York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you…
Editors note: This letter from 130 congressman wrongly advocates that the US should preserve a loophole in our law allowing shipments valued under $800 from foreign countries to avoid tariffs. CPA supports closing or narrowing that loophole. View the original letter and signatures here.
The Organization for Economic Cooperation and Development (OECD) has proposed significant changes to the global tax system to combat profit shifting. The Coalition for a Prosperous America supports a much simpler, better, and fairer solution: Sales Factor Apportionment. The following submission was sent to the OECD on November 11th, 2019 to express our support and…
Editors note: Good move. The Trump administration ratcheted up its pressure on the World Trade Organization by raising the possibility of blocking the approval of the institution’s biennial budget and effectively halting its work starting next year. [Bryce Baschuk | November 12, 2019 | Bloomberg] During a regular meeting of the WTO budget committee in…
Supports permanent tariffs on subsidized imports from China Washington. As the Trump administration considers potential cuts to the tariffs it has imposed on China since 2018, the Coalition for a Prosperous America (CPA) is making clear that the tariffs must continue. Not only have the tariffs reduced China’s exports to the US, but domestic producers…
By John R. Hansen, CPA Advisory Board Executive Summary America’s trade deficits, which are caused primarily by America’s overvalued dollar, are eroding the American Dream of sustainably growing and equitably shared prosperity for all. By making American goods too expensive to compete with foreign goods in domestic and export markets, the overvalued dollar kills jobs,…
Editors Note: 1. Need tariffs permanent. Lots of manufacturers investing now, but will get killed by Chinese if tariffs go away. 2. Tariff reduction reciprocity is fake reciprocity given the IP theft, economy wide subsidies via renmimbi printing, other trade barriers. We don’t have those barriers. Just like past unilateral trade disarmament, we reduce tariffs, they might…
Editors note: The US should be dominating the whole supply chain for electric cars. China has no problem strong arming foreign companies, yet we debate about it here. Beijing built the world’s largest EV market, then pressured foreign car makers to use its batteries [Trefor Moss | November 3, 2019 | WSJ] SHANGHAI—A little-known Chinese…
By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services for September 2019 fell 4.7 percent or $2.6 billion, to $52.5 billion, as imports declined more than exports. The September decrease is due to a $2.7 billion decrease in the goods deficit, to $71.7 billion, and a decrease in…
