Editor’s note: Another company moving back to the US. Production to begin in August with 10-15 employees in first year [Alex Zank | June 27, 2019 | Biz Times] Ontario, California-based Optec LED Lighting is moving ground-up production from China to a renovated, centralized facility in Brookfield with plans to eventually make Wisconsin its new…
Editor’s Note: Roger Simmermaker, a CPA member, explains how China is taking over the supply chain serving the energy industry, further evidence why they cannot be trusted to stop cheating. Exclusive: Roger Simmermaker takes on trade war issues [Roger Simmermaker | June 28, 2019 | WND] Many Americans tend to think of the U.S.-China trade war…
Editors note: Another example where U.S. multinational interests do not align with national interests. Advanced Micro Devices revived its fortunes through the deal, and sparked a national-security battle [By Kate O’Keeffe and Brian Spegele | June 27, 2019 | WSJ] Advanced Micro Devices Inc. AMD 3.92% transformed itself from a financially struggling company to an investor’s dream in just three years, a…
Editors note: Robert Scott does an excellent job rebutting a Wall Street guy on exchange rate misalignment. A strong dollar is hurting American workers and main street manufacturers, as I explained last week in the New York Times. I discussed what can be done about it, which builds on a crucial plank of Elizabeth Warren’s…
Editor’s note: CPA submitted the following comments supporting a recent Department of Commerce proposal to classify currency manipulation as a countervailable subsidy under US trade laws. CPA has long supported legislation on this topic, but now Commerce intends to achieve this end through regulation. Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings July 27,…
Editors note: Pat Mulloy is a member of CPA’s advisory board. Trump moved into a bipartisan policy vacuum on China. The political mainstream needs a better strategy, or Trump and China will both be the winners. [Patrick Mulloy | June 26, 2019 | The American Prospect] China’s government uses foreign-ownership restrictions to pressure technology transfers…
Editors note: Another good high tech investment in 5G coming to the US. The administration’s tariffs and sanctions on Huawei are starting to make a difference. Ericsson (ERIC – Free Report) has announced plans of building its first fully automated smart factory in the United States. The Swedish telecom equipment maker has been focusing on…
Editors note: Any candidate who will not fully repudiate any TPP-like agreement is hiding his/her views, will be “for” those economically destructive agreements and therefore should not be in the oval office. The Atlantic surveyed the Democratic presidential candidates on whether they support the Trans-Pacific Partnership. Only some took a definitive position. [Edward-Isaac Dovere, Madeleine Carlisle…
Editors note: Purposefully vague comments by the president on the next step towards possible future decoupling. The U.S. could hit another $300 billion in Chinese goods with 10 percent tariffs – not 25 percent – if the two sides fail to reach a trade deal, President Trump said on Wednesday, hinting that he may consider…
Editor’s note: No one is calling for the elimination of gov’t procurement rules in trade deals, unfortunately. Either b/c they don’t want to or b/c they think its politically unfeasible. A new report from the Government Accountability Office shows U.S. government procurement contracts are more likely to be awarded to foreign companies when subject to…