Editors note: China has long promised to cut steel production. It does not do so. Another example of their long line of broken promises. China Is Producing More Steel Than Ever [April 17, 2019 | Bloomberg News] China’s steel industry notched another production record in the first quarter, spurred by consumption in the infrastructure sector…
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services for February was $49.4 billion, an improvement of 3.4 percent over the January figure of $51.1 billion, providing more evidence that tariffs are reducing the US deficit. That’s according to figures published today by the Department of Commerce. Equally significant, our…
Editor’s note: CPA’s position is that no deal is better than a bad deal with China. The US is likely better off with unilateral trade action instead of a compromise deal. China and others have a history of avoiding change even when they promised to change. WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that…
Editor’s note: Perry Hooper, author of this opinion article, is a CPA member. By Perry O. Hooper Jr.,Republican State Executive Committee Former State Representative Trade Deals Must be Free, Fair and Reciprocal “U.S. Reciprocal Trade Act” has a very simple premise, it would allow the president to impose the same tariff on a foreign import…
Editors note: CPA board member Burl Finkelstein is featured in this article on our trade conference last month in March. While trade tensions have left some companies feeling uneasy, especially those with a global footprint, others are applauding the Trump administration’s “America First” stance. And a contingent of those supporters gathered at the White House…
Editors note: Interesting article on How China restricts businesses from operating there. However, the US interest is getting more firms and employment in the US, not in China. What’s Missing From the U.S.-China Trade Deal [David Hoffman | April 11, 2019 | Bloomberg] The only way to truly change Chinese commercial behavior is to open…
Background: The Coalition for a Prosperous America (CPA), a 501(c)(3) nonprofit organization, is seeking a part-time Tax Research Assistant to support the CPA Economics team with research on corporate taxation issues. CPA is a bipartisan coalition of US manufacturers, agricultural groups, and labor unions. CPA engages in educational efforts and advocacy related to US trade…
Editor’s note: Free trade skepticism has, before Trump, been more concentrated in the Democratic Party than the Republican Party. President Trump’s trade reform agenda took the issue away from Democrats who feared agreeing with him. This is an article describing how Democrats can and should get active on trade reform once again. The alternative to…
Excerpt: “There is no national security without internet security,” Chinese President Xi said in a speech this year. “If we cannot succeed on the internet, we will not be able to maintain power in the long run.” HANGSHA, China — Inside a fishing gear store on a busy city street, the owner sits behind a counter, furiously…
Editors note: The prospect of “decoupling“ from China is now entering the debate in a positive way. The trade war is nearing a possible truce, but global companies are nevertheless moving to reduce their dependence on Chinese factories to make the world’s goods. [Keith Bradsher | April 5, 2019 | New York Times] Companies around…
