CDJPA Research Note #4 By Jeff Ferry, CPA Research Director CPA advocates the Market Access Charge (MAC) as an innovative tool to address systemic dollar overvaluation due to excessive demand from the international capital markets for dollar-denominated assets. The MAC, which would require congressional legislation, would be a small tax levied on the purchase of…
Editor’s note: This is the official release by the US Trade Representative finalizing the next tranche of tariffs on $200b of Chinese goods at 10% immediately then 25% on January 1, 2019. FOR IMMEDIATE RELEASE September 17, 2018Contact: USTR Public & Media Affairs[email protected] USTR Finalizes Tariffs on $200 Billion of Chinese Imports in Response to China’s…
Editor’s note: This is a very accurate analysis. China’s real problem isn’t the so-called Thucydides trap, which holds that a rising power like China must clash with an established power like the U.S., the way ancient Athens clashed with Sparta. It was Lenin, not Thucydides, who foresaw the challenge the People’s Republic is now facing:…
Editor’s note: This is President Trump’s statement on implementing tariffs on the next tranche of $200b of Chinese imports. It also adds the intent to go further, targeting yet another $267b of imports, if China does not change its behavior. THE WHITE HOUSE Office of the Press Secretary FOR IMMEDIATE RELEASE September 17, 2018 Today,…
Necessary response to China’s continuing unfair trade practices Washington. The Coalition for a Prosperous America (CPA) today strongly praised a White House announcement of additional tariffs on approximately $200 billion worth of Chinese imports. The tariffs, which take effect on September 24, are part of the Trump administration’s continuing response to China’s theft of intellectual property and forced transfer…
“This is part of a comprehensive war against religion,” Jin said. “The Communist Party has begun to see religion as a competitor… They want all of us to pledge our loyalty to the party” [Anna Fifield | September 16, 2018 | Washington Post ] BEIJING — The services at the Zion Church were different from usual on…
Editor’s note: This article shows the (Peter) Navarro-ization of the world. “Death by China” is now implicitly accepted in the western world. As the United States grew more hostile toward Chinese investment in the country this year by blocking a handful of high-profile deals, many investors and advisers were confident China would find opportunities elsewhere. [Andrew…
Editor’s note. More indications that China will not be winning its trade war now that the US has (finally) engaged after 24 years. BEIJING—Investment in factories, railways and other projects in China so far this year grew at its slowest pace in more than a quarter-century, pointing to challenges in government efforts to arrest an economic…
Editor’s note. A high end men’s shoe company moves some production back to the US. On the whole, American brands haven’t exactly earned a reputation for being expert shoemakers—bar perhaps the hardworking boots worn by cowboys or coal miners. Fine footwear has largely been left up to the experts across the pond, with cobblers in…
Editor’s note. Professor Michael Pettis lays out the finite possibilities for China responding to the fact that it cannot rely on US consumers in the future for its full employment project. China’s debt problems have emerged so much more rapidly and severely this year than in the past that, combined with swirling rumors about the…