Excerpt. “Following a Warring States philosophy of tricking your opponent into doing your work for you, Deng knew that technology would be the driver for building the Chinese economy and “believed that the only way China could pass the United States as an economic power was through massive scientific and technological development. An essential shortcut…
Editors note: Dan DiMicco, CEO of CPA, talks on “squawk on the street”regarding ongoing trade talks between the US and China. Dan Dimicco, former Nucor CEO and member of the USTR Advisory Committee for Trade Policy and Negotiations, joins “Squawk on the Street” to discuss the ongoing trade talks between the U.S. and China and…
Editor’s note: Tariffs have been pro-growth. That is one reason manufacturers like KitchenAid have trouble finding workers. Tariff-armageddon still is not happening. Companies discover investment in workers as a way to keep churn low [John D. Stoll | February 22, 2019 | Wall Street Journal] Jennifer Hanna would be a dream hire for the many companies…
Editors note: More evidence that tax reform should be destination of sales based. The US should move to a goods and services consumption tax and a destination based corporate profit tax called Sales factor apportionment tax. SFA and GST. Make foreign companies pay taxes to access the US market for profit. They can’t profit shift and there are zero…
Editor’s note. Sen Rubio has become very strong on US China relations. Sen. Marco Rubio (R-FL) told Breitbart News exclusively that China’s intense international push for global dominance is the biggest threat that America has ever faced, even more substantial than the one that the Soviet Union posed in the 20th century during the Cold…
Editor’s note: Fast forward 15 years. Absent action by the US, subsidized Great Wall Motors will have taken major market share in the US market. And in electric vehicles, Tesla will be a quaint historical footnote. Elon Musk vs Xi Jinping is not a contest. A high stakes investigation with profound impact on the nation’s…
Editor’s note: Curtis Ellis hits the nail on the head. American officials are in Beijing for the latest round of negotiations over Red China’s trade war against the United States. [Curtis Ellis | February 14, 2019 | Daily Caller] China has a proposal to end the dispute with the Trump administration: transform the United States into a…
U.S. manufacturing is once again in the news. New data shows America’s factories adding 261,000 jobs from January 2018 to January 2019. In the State of the Union, President Trump emphasized the urgency of confronting predatory trade from countries like China…. Op-ed by Michael Stumo, CEO of CPA, originally appeared on February 12, 2019, in the Hill There’s no…
Most people are unaware that for over 150 years, the American government protected the development and growth of its manufacturing industry with high tariffs, ranging from a low of 5% to as high as 50% in some cases. The first tariffs were imposed by the Tariff Act of 1789, whose purpose was to raise money…
Editor’s note: This David Brooks article shows that the “China as strategic and economic threat” concept is mainstreaming. Remember that CPA was ahead of the curve on trade deficits and also the US-China issue. An existential threat for the 21st century. [David Brooks | February 14, 2019 | The New York Times] The launch of…