Says bill is major step toward addressing China’s cyberhacking and high-tech theft Washington. The Coalition for a Prosperous America (CPA), which represents more than 4.1 million manufacturing, agricultural, and labor households, has endorsed the ‘Fair Trade with China Enforcement Act’ recently introduced by Sen. Marco Rubio (R-FL) in the Senate and Congressmen Mike Conaway (TX-11)…
Editors note: It is CPA’s position that the full $50 billion of Chinese exports should be subject to the tariffs. And that we should plan to go further with tariffs on another $100 billion imports. China’s technology theft and trade surplus of $387 billion annually with the US is unlikely to be remedied without even…
Editors Notes: CPA’s CEO, Michael Stumo, just returned from a trip to Berlin during which he spoke with German government officials and think tanks. Some Germans understand the problem of their trade surplus in the US trade deficit, but others do not. Certainly, the German government has not acted to balance trade or to contribute…
Editors note: this article makes clear that CPA’s preferred tax system, sales factor apportionment, would be better for US production. It would eliminate the tax discrimination in favor of multinational in foreign companies and against against US domestic companies. Multinational companies shift about 40% of the profits they earn outside their home countries into tax havens, eluding…
CPA Research Director Jeff Ferry said: “Despite slightly better monthly trade data for the month of April, the US trade picture in 2018 continues to worsen. For the first four months of the year, our trade deficit year-to-date 2018 was $201 billion, 11.5% worse than the comparable period in 2017. At this rate, we are…
Editors note: It is significant that Larry Kudlow said this rather than trade hawks like Peter Navarro. Also, citing national interests as more important than the globalist WTO is reminiscent of an important book by Gomory and Baumol called “Global Trade and Conflicting National Interests. National Economic Council Director Larry Kudlow on Wednesday signaled that the Trump…
“Editors note. This steel import surge from many countries, including ‘allies’, show why the 232 tariffs on steel are not limited to unfriendly countries.” Steel imports rose 12 percent in April and have captured 26 percent of the market share this year despite tariffs intended to strengthen the domestic steel industry. [Joseph S. Pete |…
Editors note: The Mexico challenge to US tariff actions will also challenge the future of the WTO if the institution continues being part of the problem by preventing the US from correcting our trade deficits. Mexico has started proceedings against the United States at the World Trade Organization (WTO), arguing that the tariffs that US President…
Editors note: CPA supports country of origin labeling. It is wrong for USDA to label foreign beef as Product of the USA. The Trump administration has the power to fix this problem and should do so. R-CALF USA Billings, Mont.- Today, the U.S. District Court Eastern District of Washington granted summary judgment to the U.S.…
Note: The European Union’s effort to target dumping of Chinese bicycles is a continuation of Europe’s past actions to prevent China’s oversupply from flooding their market in many products. The US trade actions this year are merely catching up with what other countries do BRUSSELS (Reuters) – The European Union opened an investigation on Monday…
