Editor’s note: CPA believed it was likely that President Trump would terminate NAFTA as he sought approval for the US-Mexico-Canada Agreement. This article confirms our belief. Doing so significantly increases the odds for passage. CPA has taken no position on the USMCA at this time. The president on Saturday made official what has long been…
Trump-Xi deal understandable, but meaningful action doubtful Washington. President Trump met with Chinese President Xi Xinping at the G20 this past weekend. The two leaders forged a preliminary agreement to delay a planned January increase in US Section 301 tariffs—which were set to rise from 10 percent to 25 percent on $200B of Chinese imports. The Coalition for…
Editor’s note: It is very important to fix the noncompetitive dollar. The economic surge for farmers, ranchers, workers and manufacturers would be very large. It made for heavy news this week. General Motors announced plans to cease production at five plants that could lead to roughly 14,700 layoffs by the end of 2019. GM shutdowns will hit hardest in industrial states like…
As global leaders gather Friday in Argentina for the Group of 20 (G-20) summit, some are hoping that President Trump and China’s President Xi Jinping will negotiate a compromise on current trade tensions. Op-ed by Dan DiMicco, CPA Chairman, appeared originally in The Hill on November 30, 2018 But that would be a mistake for the United…
President Donald Trump’s tariffs on China will be a major topic at the G20 meeting in Argentina this week. Pundits have been quick to criticize the president for launching a trade war — and have called for compromise. Op-ed by Michael Stumo, CEO of CPA, originally appeared in LifeZette on November 30, 2018 Trump and…
Editor’s note: The USA Today Editorial Board wrote today, that President Trump should not raise tariffs and should, instead, make a deal with China when he meets with President Xi tomorrow. Michael Stumo, CEO of CPA, authored the “Opposing View” (below) in contrast to the editorial board’s position. At this weekend’s summit of the Group…
Editors Note: This is an important WaPo article on the overvalued, noncompetitive dollar. The tone of the article is too negative regarding tariffs because the tariff intervention is positive for the economy. CPA members Greg Owens of Liberty Tabletop and Todd Diggs of Charlotte Pipe & Foundry are quoted and both support the tariffs (which…
CPA’s updated economic model finds more than 2 million jobs created Washington. Despite pessimistic predictions from many economists, the administration’s steel tariffs are creating US jobs and stimulating growth, according to a new economic model produced by the Coalition for a Prosperous America (CPA). CPA’s economic team found that the steel tariffs, in combination…
By Jeff Ferry and Steven L Byers When the Trump administration implemented tariffs on steel and aluminum in March 2018, many economists predicted job losses and consumer price hikes. Their predictions relied, in part, on economic models which forecasted job losses of 200,000 or more from the tariffs. Yet the US economy is creating jobs…
By Jeff Ferry and Steven L. Byers Abstract In March 2018, President Donald Trump signed Proclamations imposing a tariff of 25 percent on US imports of steel from all countries excluding Canada and Mexico. The tariff is a response to years of foreign producers dumping their product on the US market, causing severe declines in…
