GM cutbacks a result of overvalued dollar

Editor’s note:  It is very important to fix the noncompetitive dollar. The economic surge for farmers, ranchers, workers and manufacturers would be very large.  It made for heavy news this week. General Motors announced plans to cease production at five plants that could lead to roughly 14,700 layoffs by the end of 2019. GM shutdowns will hit hardest in industrial states like…

Trump Names Lighthizer to Run U.S.-China Negotiations

Editor’s note: This is a positive development.  WASHINGTON—President Trump has named U.S. Trade Representative Robert Lighthizer, a hard-liner on China, to head trade negotiations with Beijing following a weekend summitwith Chinese President Xi Jinping, people familiar with the decision said. [ Bob Davis and Vivian Salama | December 3, 2018 | WSJ] The president informed Mr. Xi of his…

Trump should stay tough on China at the G-20

As global leaders gather Friday in Argentina for the Group of 20 (G-20) summit, some are hoping that President Trump and China’s President Xi Jinping will negotiate a compromise on current trade tensions. Op-ed by Dan DiMicco, CPA Chairman, appeared originally in The Hill on November 30, 2018 But that would be a mistake for the United…

Why the trade deficit is getting bigger

Editors Note: This is an important WaPo article on the overvalued, noncompetitive dollar. The tone of the article is too negative regarding tariffs because the tariff intervention is positive for the economy. CPA members Greg Owens of Liberty Tabletop and Todd Diggs of Charlotte Pipe & Foundry are quoted and both support the tariffs (which…

Press Release: Steel Tariffs Creating Jobs, Boosting GDP

CPA’s updated economic model finds more than 2 million jobs created   Washington. Despite pessimistic predictions from many economists, the administration’s steel tariffs are creating US jobs and stimulating growth, according to a new economic model produced by the Coalition for a Prosperous America (CPA). CPA’s economic team found that the steel tariffs, in combination…