Treasury Secretary Steven Mnuchin won a battle inside the Trump administration over trade policy this week after a series of setbacks as he tries to ease economic tensions with China. [Saleha Mohsin, Jennifer Jacobs, Jenny Leonard, Nick Wadhams | June 27, 2018 | Bloomberg] Most of President Donald Trump’s top advisers had decided by Monday to recommend he…
by Michael Stumo, CEO of CPA Contrary to what you may have heard, Harley Davidson, the iconic American motorcycle company loves high tariff countries. Company management loves tariffs so much, it moves production to countries with the highest motorcycle tariffs in the world. Harley Davidson was founded in Wisconsin in 1903. America now has among…
THE OPPORTUNITY – ECONOMIC RESEARCH ASSISTANT You are invited to explore the position of Economic Research Assistant with the Coalition for a Prosperous America Education Fund. Our organization is dedicated to educational activities that will result in new and positive U.S. trade and economic policies to help America win the international competition for good jobs,…
Editor’s note: CPA opposes Sen. Bob Corker’s attempt to block the 232 national security tariffs on steel and aluminum. We support Sen Sherrod Brown’s blocking of the Corker legislation as reported in this article. Sen. Sherrod Brown (D-OH) on Tuesday blocked Sen. Bob Corker’s (R-TN) push to attach an amendment to a new farm bill that would…
Editor’s note: Harley Davidson’s union workers reveal that the company’s decision to offshore predated the EU tariff announcement and is part of a long pattern and practice. Most of the news media is getting this story wrong. WASHINGTON, D.C., June 25, 2018 – Robert Martinez Jr., International President of the International Association of Machinists and Aerospace Workers,…
Editors note: China’s MO is to deny it is trying to acquire power until the power is required. HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes. [ Maria Abi-Habib | June 25, 2018 | NY Times]…
Editor’s note: Steel tariffs are causing a South Carolina steel plant to reopen with $5B planned investment and 125-300 new workers. British industrialist Sanjeev Gupta’s GFG Industrials on Monday reopened a shuttered South Carolina steel plant in a move that will allow his U.K.-based firm to circumvent the Trump administration’s 25% tariffs on steel imports.…
Editor’s note: This article shows that even if a private Chinese company buys a US company, the enterprise is subject to being bought by or influenced by the government in Beijing. BEIJING—Chinese authorities confirmed the transfer of nearly full ownership of troubled Anbang Insurance Group Co. to a government-controlled fund, effectively transforming a once boldly entrepreneurial firm…
Editor’s note: China investment in the US is down by a whopping 90%. The economy has not crashed. Those that say we must allow the full flood of incoming investment to buy what it wants were wrong. Chinese investors face two major changes in US policy: Congress is expanding the national security investment review regime…
Editor’s note: CPA generally supports measures to restrict weaponized incoming investment from China and other countries who can take advantage of our open investment regime to procure critical technologies. Treasury is going to announce restrictive measures soon. Also, Congress is working on the Foreign Investment Risk Review Modernization Act which has similar aims. The Treasury…
