Excerpt: There’s little time to waste. America must bring back key industries from China. And we must enact an ambitious trade and infrastructure program to create millions of good-paying jobs, jumpstart the economy and make America stronger than we were before COVID-19. This makes sense, given the tremendous disruption caused by the coronavirus. Medical supplies are…
By Jeff Ferry, CPA Chief Economist Millions of people stuck at home are now using the Zoom videoconferencing application. Zoom claims 300 million daily users. But how many of those 300 million know that Zoom is a product that is made in China? Early this month, news emerged that Zoom software, produced by Zoom Video…
Editor’s note: Frank Dowd IV, the Chairman of CPA member Charlotte Pipe & Foundry, makes a compelling case for decoupling from China. The coronavirus has upended our world. In addition to the suffering and death, the U.S. will be left with millions of unemployed, billions in health-care costs and trillions in lost economic activity and…
CPA is working to keep you up to date on the CARES Act lending programs. Here is additional information that may help your business regarding the new Main Street Lending program and the previously announced Paycheck Protection Program (PPP). The PPP is the most popular lending program because the loan is forgiven as you pay…
This is an update on the Paycheck Protection Program which is part of the Small Business Interruption Loan Program within the recently passed CARES Act. CPA members with 500 or less employees can start applying as of last Friday, April 3. You can start applying through your local bank. We understand that some banks are…
By Steven L. Byers, PhD and Jeff Ferry The US is in the midst of a public health crisis and the country is struggling with shortages of essential health care supplies. In most cases, these shortages are linked to our excessive reliance on imported supplies, which are arriving in much smaller quantities than ordered, if…
Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
How safe are the items you are purchasing online? By Greg Owens On January 24, 2020 there was a press conference in Washington given by the Department of Homeland Security, which is responsible for US Customs, and Dr. Peter Navarro, Assistant to the President for Trade and Manufacturing Policy. Think about the last time you…
By Steven L. Byers, PhD and Jeff Ferry With the introduction of the Baldwin-Hawley bill (S 2359) into the US Senate, capital flow management tools are once again an important issue. The bill, entitled the Competitive Dollar for Jobs and Prosperity Act, envisages using a Market Access Charge on foreign purchases of US financial assets…
Editors note: Chinese and multinational companies continue cheating. Customs enforcement and tighter laws are needed Many save by tweaking assembly and shipping processes rather than by moving operations to U.S. [Katy Stech Ferek | February 6, 2020 | WSJ] WASHINGTON—Many U.S. companies are maneuvering to sidestep tariffs on Chinese imports, trade lawyers and logistics consultants…
