CPA Chief Economist Testifies on Chinese Exploitation of U.S. Capital Markets

“U.S. investors are inadvertently subsidizing Chinese companies involved in activities that are contrary to the national security, economic security, and foreign policy interests of the United States. We are also subsidizing the economic growth of the United States’ top global adversary.” — CPA Chief Economist Jeff Ferry WASHINGTON — Jeff Ferry, Chief Economist for the…

Job Quality Index Up Slightly as High and Low Quality Jobs Rise

WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose by a slight 0.03% 81.03 in September as both low-quality and high-quality jobs rose. Low quality jobs, i.e. jobs that pay weekly wages below the national average for all production and nonsupervisory workers, increased in the latest…

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…

CPA Urges Senate to Ensure Taxpayer Dollars Don’t Fund Chinese Semiconductors

WASHINGTON — The Coalition for a Prosperous America (CPA) urged leaders of the Senate Armed Services Committee to include an amendment in this year’s National Defense Authorization Act (NDAA) that would ensure American taxpayer dollars do not fund semiconductors made in China. The amendment is sponsored by Senate Majority Leader Chuck Schumer (D-NY) and Senator…

CPA Letter to Senate Armed Services Committee Regarding Preventing U.S. Taxpayer Dollars from Funding Chinese Semiconductors

CPA sent the following letter to the leadership of the Senate Armed Services Committee in support of the Schumer-Cornyn amendment that would ensure taxpayer dollars are not spent on China-made semiconductors. The amendment would prohibit U.S. companies from doing business with Chinese microchip companies—notably, Semiconductor Manufacturing International Corp. (SMIC), ChangXin Memory Technologies (CXMT), and Yangtze…

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…