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…
Washington has been abuzz of late over President Trump’s moves to address continuing trade deficits with America’s global partners. And whether it’s tariffs on steel or high-tech goods from China, the battle has been seen as primarily a manufacturing issue. But there are compelling reasons to expect that the administration’s strong focus on trade policy…
The World Trade Organization has failed at its mission and needs to shape up for the United States to stay a part of it, said former Trump trade advisor Dan DiMicco. [Michelle Fox | July 5, 2018 | CNBC] “If the WTO can’t be any more effective than it has been the last 20 years … then…
By Jeff Ferry, CPA Research Director Some agricultural commodities have seen price declines in recent weeks due to uncertainty over international trade relationships. There is a worrying drop in spot corn[1]and soybean[2]prices now as the commodity markets react to the trade conflict between the US and China. In the long term, agricultural prices are determined…
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…
Washington- The Coalition for a Prosperous America (CPA) has endorsed the United States Foreign Investment Review Act of 2017 (S. 1983) cosponsored by Senators Sherrod Brown and Charles Grassley. The bill strengthens the review of incoming foreign investment based upon whether the long-term strategic economic interests are served by the transaction. Current law allows review…
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,…
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…
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,…
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…