Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit. Blame U.S. Policies – Starting With Tax Laws By Ken Austin For over 15 years, the United States has been locked in an escalating and seemingly endless trade war with political allies and adversaries. The…
Editor’s Note: George Boyd Jr. is the vice president of Goldens’ Foundry and Machine Company and a CPA member. They’re sold out everywhere. How complicated could it be to just make some more? Turns out, very. [ Alex Shultz | April 7, 2020 | GQ] It didn’t happen exactly this way, but it feels like it did:…
Editors note: Michele Nash-Hoff explains why we need an industrial strategy focusing on getting manufacturing back. So the 40 million unemployed have a chance it getting better jobs than the ones they left. Continuing my series on why manufacturing is important to America, the second reason is that wages and benefits for manufacturing jobs are approximately…
CPA Working Paper By Stephen L. Byers PhD and Jeff Ferry Abstract The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods. The CPA Reshoring Index (CRI) measures the annual change in the share of US consumption…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America. Follow him at @michael_stumo The coronavirus pandemic has revealed a troubling truth: Global supply chains operated by stateless multinational corporations simply aren’t reliable. Americans are learning this in real-time as they see imports from China cut off, particularly for critical medicines and pharmaceuticals.…
Editors note: Rosemary Gibson is a CPA member. We are very proud that she is making a difference in bringing drug production back to America. Drugs can be manufactured in America more quickly, efficiently, and with better quality control than in China, said Rosemary Gibson, senior adviser at the Hastings Center and author of China Rx:…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. The COVID-19 crisis has put an inordinate strain on the U.S. economy. And America’s workforce is clearly hurting. In the last six weeks, an astounding 33.5 million Americans have lost their jobs. [Michael Stumo | May 19, 2020 |…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. Manufacturers are stepping up during the pandemic—now it’s time for Congress to get trade policy right. [Michael Stumo | May 11, 2020 | Industry Week] As the tragic toll of the COVID-19 pandemic continues to rise, the United…
By Jeff Ferry, CPA Chief Economist Despite the COVID-19 crisis, Chinese technology company Huawei is having a good spring. In March, it reported that 2019 revenue rose 19 percent to $123 billion, a new high. In the first quarter of this year, Huawei’s chip division HiSilicon surpassed Qualcomm to become number one in the China…
Editor’s note: For American workers stepping up to provide COVID supplies, we don’t need to drop those contracts (like facemasks) as happened after SARS. Government procurement needs to (a) STOP the low-price contracts which are really pro-China contracts and (b) offer longer-term contracts to USA producers so we can build capacity here. Otherwise we won’t…
