Editors note: An interesting article on Adam Smith’s criteria for applying tariffs. Exclusive: Curtis Ellis quotes ‘father of free markets’ in defending move on China [Curtis Ellis | May 17, 2019 | WND] AMERICA FIRST When China reverted to form and reneged on the commitments it made in four months of commercial negotiations with the…
Excerpt: “We (myself included) sold ourselves an optimistic, American-centric, fantasy version of China that has never existed – and will likely never exist.” Trade tensions with China drag stocks down for fourth week in a row [Newt Gingrich | May 19, 2019 | Fox News] Stocks with exposure to China drop; FBN’s Susan Li reports.…
Editors note: Using US taxpayer money to support the building of China’s rail car industry makes no sense. We should build this industry, and its supply chain, here. New York senator fears state-owned CRRC could potentially expose US rail system to cyberespionage and sabotageCRRC has already been awarded contracts in recent years for new subway…
Editors note: Kudos to Representative John Garamendi (D-CA) on this issue. Rep. John Garamendi, D-Calif., said the U.S. has another big problem on its hands when it comes to China: control of the rail system. [Julia Limitone | May 17, 2019 | FoxBusiness] “The Chinese rail company CRRC is establishing itself in America. It’s already…
Excerpt: “The idea that tech jobs are going to create a substantial middle class anytime in the foreseeable future is unrealistic”. Brittney Ball was living in a homeless shelter with her baby when she learned of a one-year program offering technical training, professional skills and an internship. She took the plunge. [Steve Lohr | May…
Editors note: This is a very good article making the case for a VAT. CPA favors Implementing a VAT (aka goods and services tax) to counter the Trade competitiveness impacts of other countries VATs. A study found that an effort by the country’s tax authority to determine the extent of fraud in value-added tax collections…
Editor’s note: Trade agreement standards are only as good as the enforcement mechanisms. Any mention of Latin America has become a synonym of mass migration, autocratic governments and unstable economies. Yet, Colombia continues to shine as the exception. This week marks the seventh anniversary since the United States-Colombia Trade Promotion Agreement (TPA) entered into force.…
Editors note: Zach Mottl is a member of the CPA board. Over the past two decades, Illinois has lost roughly 280,000 manufacturing jobs. And as those good-paying jobs have departed, so too have many longtime residents. Illinois has now lost population for five consecutive years, with 45,000 residents leaving in the last year alone. [Zach…
Editors note: This is the official notice that Ends the 232 Tariff saga, for the moment, with Mexico and Canada. USTR NEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 FOR IMMEDIATE RELEASE May 17, 2019 Contact: USTR Public & Media Affairs[email protected] United States Announces Deal with…
The U.S. will eliminate Section 232 tariffs on steel and aluminum from Canada and Mexico in exchange for the repeal of retaliatory duties on U.S. goods, though all parties retain authority to re-impose 25 and 10 percent tariffs if there is a surge in imports and consultations about the sudden increase fail. [May 17, 2019…
