Editors note: China ineffectively tries to defend its state directed economic system by pointing out that the US has Fannie Mae. In the final day of the World Trade Organization’s biennial review of Chinese trade policies, Beijing fought back on criticism offered by other members in a host of areas, including claims that it unfairly…
Editorial note: This article is significant because it demonstrates how the business press is coming around to the fact that free trade and globalization have produced big problems. CPA has been communicating with this reporter for several years on the topic. I’ve been feeling a little worried about job security lately. I am the global…
Editors note: Broadside view against globalism that quotes Michael Stumo, CEO of CPA, extensively. The city of Danville, Virginia sits in the bellybutton of the Blue Ridge Mountains, a hat-toss over the North Carolina border and about 85 miles northwest of Raleigh. It’s low hill country and Danville straddles the frothy, chocolate-milk waters of the…
Editor’s note: This article shows how the elimination of country of origin labeling for meat caused American producers’ share of the grass fed cattle market to decline from 60% to 15% in just a few years. Last month, in a petition formally filed with the United States Department of Agriculture (USDA), two advocacy groups made a stunning…
Last month the White House presented a 36-page outline of the U.S. position toward trade with China. White House National Trade Council and Office of Trade and Manufacturing Policy Director Peter Navarro delivers a presentation to discuss that report. Very well worth watching:
Tax Cuts Reach Six-Month Mark By David Morse, CPA Tax Policy Associate Director It’s been six months since President Trump signed the Tax Cuts and Jobs Act (TCJA). And the legislation has enjoyed a rosy afterglow, receiving credit for every bonus or capital expenditure. But tax analysts agree that it’s simply too early to see the…
By Jason Cooper, CPA Research Assistant According to the latest US government report the US trade deficit in May was $43.1 billion, the smallest deficit since September of 2017. The smaller deficit was driven by a $3.7 billion increase in exports from April to May, with exports of $144.9 billion in May. Product categories showing…
by Michael Stumo, CEO of CPA I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely. Here it is. —- Dear Bob: China…
Zach Mottl, the owner of American manufacturing company Atlas Tool Works in Lyons, Illinois, is thanking President Trump for his recent tariffs on imported steel and aluminum. [John Binder | July 8, 2018 | Breitbart] In an interview with Fox Business, Mottl praised Trump’s tariffs on foreign countries and their imported steel and aluminum, saying the economic nationalist approach…
Editor’s note: China’s currency depreciation of 6% is a tariff on $130B of US exports to China (2017 trade numbers) and a subsidy of 6% on $506B goods exports to the US. Compare this to the 25% tariffs on only $50B of imports from China which the administration just put into effect. Their “aggregate tariff” is $7.8B ($130B…
