Editors note: The markets are increasingly expecting dollar realignment efforts by the US. Very good. Washington’s FX policy has oscillated between heavy interventions and benign neglect [Eva Szalay | July 16, 2019 | Financial Times] The US dollar is near a multi-decade high, on a trade-weighted basis, and President Donald Trump is not happy about…
Editors note: Our work to achieve dollar realignment, rather than an overvalued dollar, is gaining steam. Wall Street is fearful even though they should be supportive. US policy towards the dollar maybe set to turn as Trump looks for ways to weaken the world’s most important currency. [Marshall Gittler | July 15, 2019 | NASDAQ]…
Editors note: Peter Navarro and President Trump continue moving aggressively on Buy American rules in government procurement. Candidate Donald J. Trump promised his administration would follow two simple rules: “Buy American and Hire American.” Monday, during the third annual Made in America Showcase at the White House, President Trump will sign the latest in a…
Editors note: Insight from Hong Kong on the US-trade conflict which is about more than trade. Billionaire Jimmy Lai says Beijing needs a deal. [James Freeman| July 15, 2019| WSJ] During a visit to the Journal this morning Mr. Lai described the trade dispute with the U.S. as a “crisis” for China and said that…
Editors note: Google should not be working with the Chinese Communist Party to weaponize technology in support of their surveillance state. Billionaire claims tech giant has been infiltrated, works with Chinese military [Mike Murphy | July 14, 2019 | MarketWatch] Billionaire Peter Thiel, a Facebook Inc. FB, -0.47% board member and President Donald Trump’s…
Editor’s note: Removing the potential for Chinese security cameras to spy inside US government offices. (Bloomberg) — U.S. federal agencies have five weeks to rip out Chinese-made surveillance cameras in order to comply with a ban imposed by Congress last year in an effort to thwart the threat of spying from Beijing. [Olivia Carville | July 10, 2019 |…
Editor’s note: CPA is advising Chairman Marco Rubio in his capacity as Chairman of the Senate Small Business Committee. An upcoming Small Business Administration reauthorization bill is likely to have substantial pro-America changes. On June 26, 2019, Mark Muro, Senior Fellow, Brookings Institution Metropolitan Policy Program submitted testimony to the U.S. Senate Committee on Small…
Editor’s note: China uses many more tools than merely tariffs to gain an advantage. They play to win, not to “level the playing field.” BEIJING (Reuters) – China will stabilize trade by reducing tariffs, improving export tax rebate policies and cutting insurance fees for export companies, state television reported on Wednesday, citing a state council…
Editor’s note: Tariffs are not killing the economy as claimed by the Very Smart People who brought us fake free trade. Tariffs are pro-growth, need to be expanded, and followed by fixing the overvalued, noncompetitive dollar exchange rate. U.S. stocks traded higher on Wednesday ahead of Federal Reserve Chairman Jerome Powell’s appearance on Capitol Hill. [Ken Martin…
Editors note: Ralph Gomory is a member of the CPA advisory board. In dealing with China, the United States has a fundamental problem. [Ralph Gomory | July 8, 2019 | The Hill] China has used a variety of tactics – from mispriced currency and subsidized competition to industrial espionage – to advance its industries and has announced its plans to dominate…
