Editor’s note: The most challenging part of the task is structural reforms and enforcement mechanisms. The US had a $376B trade deficit with China in 2017. It worsened last year. The value of a deal the U.S. and China could reach in the coming weeks will depend largely on the enforcement mechanisms China will be…
Editor’s note: CPA continues to support maintaining and increasing tariffs on China’s imports. We do not believe a short term resolution is possible or will be complied with. China’s political economy is fundamentally designed to grow through state control, subsidies, central planning and excessive reliance on US consumers. Beijing’s long term goal is to erode…
Editor’s note: More evidence that the US pushback against China is going mainstream globally. The China sympathizers that mocked and resisted the effort have lost the battle. OSLO (Reuters) – Norway is considering whether to join other western nations in excluding China’s Huawei Technologies from building part of the Nordic country’s new 5G telecommunications infrastructure,…
Editor’s note: This is important. We are seeing a real world example of how tariffs impact the economy. As the steel market settles into a new normal, steel prices at the wholesale level are not higher but capacity utilization and employment are up. The globalist assertion that consumers pay all tariffs is simply wrong. The…
Consumption taxes are “border adjustable taxes” allowed under WTO rules. They average 17% globally. This means that virtually all foreign countries tax our exports at 17% on top of tariffs. They subsidize domestic shipments abroad with a 17% tax rebate. US.S. does not have a consumption tax to offset this advantage. View the Flyer
Editor’s note: The Rubio/Warner proposal to create an Office of Critical Technology is interesting. Reporting directly to the President is a tactic to permanently increase the profile of the issue. However, the ideal scenario may be that the Dept of Commerce be the agency that strategically advances US manufacturing and technology dominance. Two U.S. senators…
General Motors had a very good year in 2018. Op-ed by Jeff Ferry, Chief Economist of CPA, originally appeared in the Daily Mail West Virginia on Juanuary 4, 2019 You read that right, a good year. Maybe even an excellent year. The company’s third-quarter earnings knocked it out of the park. Wall Street was expecting…
Bill Jones is the President of Penn United Technologies in Cabot, PA. Unfair trade policies have taken his company from 700 employees down to 500 at one point. Find out what happened and why he joined CPA to rebuild our manufacturing sector.
Zoi Romanchuk is the VP of PR Machine Works, Inc. Currency manipulation from Asian countries has made them lose business. It’s a 3-4% difference, someone could live with, but 35-40% is nearly impossible. Hear her story and why she joined CPA to help stop currency manipulation.