CPA Urges Customs to Publicly Correct False Statistics on De Minimis Shipments

WASHINGTON — The Coalition for a Prosperous America (CPA) today urged U.S. Customs and Border Protection (CBP) to issue a public correction after CBP’s Office of Trade released false government statistics last week on de minimis shipments. CBP stated that the total value of de minimis shipments fell from $67,039,140,875 in Fiscal Year (FY) 2020…

CBP Released False Government Statistics

Last week, U.S. Customs and Border Protection’s (CBP) Office of Trade released false government statistics. CBP’s Office of Trade stated that the total value of de minimis shipments fell from $67,039,140,875 in CBP’s FY 2020, down to $39,876,651,152 in FY 2021. These numbers are not accurate, and in fact are certainly a gross, material undervaluation,…

Apple Freezes Plan After U.S. Senators, CPA Highlight Dangers of Chinese Chip Supplier

WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding reports that Apple has put on hold its plan to use memory chips from China’s government subsidized Yangtze Memory Technologies Co. (YMTC). Earlier this year, CPA and China Tech Threat (CTT) released a policy paper that highlighted the dangers of an…

CPA Urges Fed, Treasury, Congress to Address Soaring U.S. Dollar

Currency misalignment reaching critical level WASHINGTON — The Coalition for a Prosperous America (CPA) today formally urged the federal government to address the U.S. dollar’s continuing overvaluation. In a letter to U.S. Treasury Secretary Janet Yellen, Federal Reserve Chair Jerome Powell, and the leadership of the Senate Banking and House Financial Services Committees, CPA highlighted…

CPA to Congress: U.S. Can Support Taiwan without a Trade Agreement

WASHINGTON — As the Biden administration and Congress consider a potential free trade deal with Taiwan, the Coalition for a Prosperous America (CPA) has documented why such a deal would work against U.S. interests while offering little in the way of meaningful protection for Taiwan. Earlier this month, CPA submitted testimony to the House Ways…

Job Quality Index Falls to 81.07

WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) fell 0.45% to 81.07 in August, as low-quality job additions exceeded high-quality additions. Low quality jobs, i.e. jobs that pay weekly wages below the national average for all production and nonsupervisory workers, increased in the latest month, particularly…