Editor’s note: Industrial policy is needed in the pantheon of fiscal, tariff, exchange rate and monetary policies. The US needs to get good at it, with metrics. And use tariffs to neutralize waves of subsidized competition from determined foreign governments. Daily Caller News Foundation Editor’s note: This piece is part of American Renewal, a new policy…
Section 301 Tariffs on China, Part 1 Editor’s note: Part One of a series on the Section 301 tariffs on Chinese products by CPA Buy American Committee co-chair James Stuber. [James Stuber | August 6, 2019 | The American Dossier| Part one of a four-part series] After twenty-five years of giving American technology, capital, and…
Editors note: CPA member Roger Simmermaker explains how free traders wrongly focus on efficiency and low prices instead of production and employment. Exclusive: Roger Simmermaker warns of cost of ‘efficiency uber alles’ [Roger Simmermaker | September 8, 2019| WND] It is no secret that free traders worship free trade as a religion. Syndicated columnist and…
Editor’s note: The massive phantom foreign direct investment described in this article shows why CPA’s proposal for sales factor apportionment is needed for the US tax system. If companies were taxed, as we propose, on profits from sales in the US, shifting their profits to shell companies other countries would no longer benefit them. Empty…
Editors note: Another reason sales factor apportionment tax is needed. Capital flows for tax avoidance and profit shifting purposes should not exist. Tax profits based upon destination of sales rather than origin of income, which is manipulated. Study into global FDI finds nearly 40% of flows used as vehicle for financial engineering [Martin Sandbu |…
Editor’s note: WaPo would be called protectionist if taking about trade instead of journalism in this editorial. “For many years, U.S. policy was guided by the logic that it is best to remain open, to showcase a commitment to values and principle. But what if China doesn’t care and doesn’t change its approach?” CHINA’S LEADERS…
Editors note: This is a good move. Gov. Andrew Cuomo wants to make permanent a bill requiring New York’s big infrastructure projects to use American-made steel and iron, he said Saturday. [Eileen AJ Connelly | September 7, 2019 | NY Post] The “New York Buy American Act,” which first took effect in April 2018 and…
Excerpt: “Fundamentally, we believe that China will do everything it can to continue to deceive the U.S., including the use of delaying tactics to continue stealing from the U.S. and in order to take considerable advantage of America’s free and open market.” There is a Chinese proverb that translates as: “It is always better to…
Editor’s note: Fed report finds business uncertainty but little actual impact of tariffs. Investment “uncertainty” from tariffs exists only if you want to invest somewhere else, not America U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve.…
Goods deficit with China declines 10% from last year By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services for July 2019 decreased by 2.7 percent, to $54.0 billion, down $0.2 billion from $55.5 billion (revised) in June. The July decrease is due to a decline in the goods…
