Editors note: Dan DiMicco is CPA’s Chairman as well as former CEO of Nucor. Nucor is a CPA member who has experienced tremendous growth already due to the tariffs, along dozens of other CPA members. Berkeley County steelmaker Nucor Corp. was having a pretty good year before President Donald Trump imposed tariffs on imported aluminum and steel in March. [David Wren…
One of the remarkable things about the Donald Trump era is how significantly the American conversation about China has changed. [ Hal Brands | September 7, 2018 | Japan Times ] As recently as 2016, Barack Obama argued that a weak China that could not contribute to solving global problems was more dangerous than a…
July Trade Deficit Up 9.5% to $50.1B By Jeff Ferry, CPA Research Director Wednesday’s trade report from the US Commerce Department for July reported that the US bilateral deficit with China hit a new all-time high of $36.8 billion in July, 9.5% worse than the July 2017 figure. For the first seven months of this…
Editors note: China still does not admit that it engages in trade cheating and technology theft. Merely promising to buy more goods is like a thief saying he won’t stop stealing but he will become a customer at your store. President Trump on Wednesday said he could not accept the trade terms China is offering and said…
Did you happen to catch John Oliver‘s trade piece on Last Week Tonight? It was funny but outrageously wrong in every single aspect. What’s worse is that his video has over 4.4 million views in which he is spreading his trade lies. CPA put a rebuttal video together with the truth on trade.
Washington. The Coalition for a Prosperous America (CPA) is urging President Trump to consider vetoing the Miscellaneous Tariff Bill, which would would unilaterally eliminate tariffs on a variety of imported foods and goods that have been offshored and are no longer produced in the US. “President Trump should consider vetoing the ‘Never Make it Here Again…
Editor’s note: This is an important article pointing out that a post-WTO world is not really scary because the pre-WTO world was better in many ways. The WTO tied our hands in ways we forget. President Trump called NAFTA “one of the worst deals our country has ever made” and promised to renegotiate it or scrap it…
Editor’s note: Farm and ranch income has been down for three years, especially this year. China’s new swine disease outbreak could be an opportunity for US hog producers. However, antitrust market power exerted by Chinese and US owned meatpackers remains a major problem that US Dept of Agriculture has enabled rather than solved. A serious…
CPA Chairman was quoted in this article: Foreign leaders “keep underestimating Trump on trade,” said Dan DiMicco, a former steel executive and trade adviser to Trump who was with the president Friday in Charlotte. “If he’s not tough on everybody, why is China going to believe he’s going to be tough on them?” President Trump on Saturday threatened to…
Editor’s note: The tariff/job creation stories are only in the local/regional papers, like this one. Not on the national news because it does not fit their narrative. Jackie Rosenberg, the owner of a Louisiana pipe company founded by a Holocaust survivor more than 60 years ago, said President Donald Trump’s tariffs are good for America despite…