Author Archives: Michael Stumo

SENS MENENDEZ AND RUBIO REQUEST COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES REVIEW TRANSACTIONS OF BRAZILIAN MEAT-PROCESSING CONGLOMERATE

Editor’s Note: Brazil is to agriculture what China is to manufacturing. A corrupt, state supported source of predatory global oversupply. Including subsidized investment to take dominate US food processing in pursuit of Brazil’s national agro-industry strategy. WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Marco Rubio (R-Fla.),…

Free-trade policies contributed to the opioid epidemic

Excerpt: “For every 1,000 people who lost their jobs in a county there was a 2.7% rise in opioid-related overdose deaths. After fentanyl entered regional heroin supplies in 2013, the same 1,000 trade-related job losses led to an 11.3% spike in overdose deaths.” The Sackler family was once celebrated for its philanthropy. Now the owners of…

Five Reasons to Take a Hard Line with China at Trade Talks

Washington. As the Trump administration embarks on a 13th round of trade talks with China, the Coalition for a Prosperous America (CPA) is urging US trade negotiators to take a hard line with Beijing. CPA believes there are important reasons why the US should hold firm unless Beijing makes substantial concessions. [1] China’s intellectual property theft and…

U.S. expands blacklist to include China’s top AI startups ahead of trade talks

Editors note: This is a very big step to add Chinese entities to the Department of Commerce’s Entity List. It is the first time any government has challenged China’s human rights abuses this way. WASHINGTON/SHANGHAI (Reuters) – The U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing…

Wilbur Ross: Trump is making the United States win on trade

Editors note: This excerpt from Secretary Ross’ oped is very good, signaling a sea change in how trade is thought about. “Thanks to President Donald J. Trump, the United States is no longer subsidizing the growth of other countries at the expense of American jobs and American wages. In the post-World War II world, the…

Trump administration strikes back at Gov. John Bel Edwards over Bayou Steel closure remarks

Excerpt: “This is comically bad staff work [by the governor’s staff]: there are no tariffs on inbound recycled scrap and there is an abundance of cheap scrap on domestic soil,” said Peter Navarro WASHINGTON — The White House has slammed Gov. John Bel Edwards over the governor’s remarks about the recent closure of a LaPlace steel mill. [Elizabeth Crisp…

US Trade Deficit Increases Slightly in August

Overall trade deficit on track to exceed 2018 total, but China deficit narrowing By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services increased by 1.6 percent in August, to $54.9 billion, up $0.9 billion from $54.0 billion (revised) in July. The August increase is due to a 1.1…

Press Release | CPA Praises Navarro Win at Universal Postal Union Talks

New agreement will eliminate postal subsidization of imports Washington. The Coalition for a Prosperous America (CPA) today praised the efforts of Peter Navarro, White House Director of the Office of Trade and Manufacturing Policy, for taking a tough negotiating position at last week’s Universal Postal Union (UPU) talks. The United States had threatened to withdraw…

Op-ed: It’s Time to Fix the TCJA, Not Study It

Editors Note: David Morse is the Tax Advisor Director for the Coalition for a Prosperous America. Excerpt: A key problem for American companies is that multinational competitors typically avoid paying a hefty portion of their U.S. tax obligations. [David Morse | September 25, 2019 | Morning Consult] It’s been almost two years since the passage of…

Federal retirement savings should not fund China’s Communist Party

Editor’s note: Senators Rubio and Shaheen are doing very good work making sure federal employee retirement funds are not benefitting Chinese government owned companies, including those that engage in wrongful or criminal activities.  During the Cold War, it would have been unthinkable for the U.S. government to force members of the military and federal employees…