Ruling is latest evidence of failed global governance Washington. The Coalition for a Prosperous America (CPA) today condemned a World Trade Organization (WTO) ruling against U.S. tariffs on imports from China. The tariffs, imposed in March 2018 under Section 301 of U.S. trade law, addressed China’s longstanding practices of forced technology transfer, intellectual property theft,…
By Kenneth Rapoza, CPA Industry Analyst The World Trade Organization has ruled that over $230 billion worth of the Trump Administration’s “fair trade” tariffs, known as the Section 301 tariffs, break the global trade group’s rules. We doubt the US will be removing those tariffs on China. If they did, Washington loses its trade negotiating…
By Kenneth Rapoza, CPA Industry Analyst Summary: If we experience a global pandemic like this again, we know two things to be true: we can’t get critical medical supplies from China when China and the rest of the world need them too. We can’t rely on our allies to get it to us when they…
By Kenneth Rapoza, CPA Industry Analyst Joe Biden wants a Green New Deal and that means installing around 500 million solar panels nationwide. Where will the majority of those solar panels be made? In the USA, or China? If Joe Biden wins, solar is expected to play a large role in fossil-free energy over his…
By Charles Benoit, CPA Trade Counsel U.S. Trade Representative Robert Lighthizer recently published an op-ed in the Wall Street Journal detailing a five-point plan for reforming the World Trade Organization (WTO). Lighthizer’s plan received superficial criticism from all his usual detractors. But what he proposed is genius. Lighthizer’s plan will expose the hypocrisy of so-called…
By Kenneth Rapoza, CPA Industry Analyst From H&M to Heinz, companies are now on notice if they are sourcing from Xinjiang, home of the Uyghur Muslim detention facilities Beijing refers to as re-education centers. Disney might be okay with filming Mulan in Xinjiang, home to hundreds of thousands of Uyghur Muslims held in detention facilities…
CPA’s Take: Good to see POTUS start to talk about decoupling from China. Ending federal contracts with companies who offshore is an important idea. President vows to end reliance on Beijing as he ratchets up anti-China rhetoric in re-election campaign [Brendan Greeley | September 7, 2020 | FT] Donald Trump raised the prospect of “decoupling”…
CPA’s Take: The first two people mentioned as Biden trade advisors, Jennifer Hillman and Miriam Sapiro, are pro-globalists that don’t care where things are made. WASHINGTON/WILMINGTON, Del., Sept. 8 (Reuters) – Democratic presidential nominee Joe Biden is tapping some of the most experienced trade professionals in Washington to help chart a new course on trade if…
It’s time to repatriate manufacturing and mining operations. For years, Wall Street enthused about the merits of shifting manufacturing out of the United States. Globalists on Wall Street advocated a simplistic worldview: It doesn’t matter where things are made, cheaper is better. But they overlooked the impact this would have on America’s economic and national…
CPA’s Take: This move is necessary. The Chinese Communist Party should not profit from the slave labor in the Uighur concentration camps. The potential move, which could come as soon as Tuesday, comes amid reports of the use of forced labor in Xinjiang, where China has carried out a crackdown against mostly Muslim minorities. [Ana Swanson…
