The following statements are in reaction to the White House announcement that final Section 301 tariffs will be announced on June 15 and that investment restrictions will be announced on June 30, both to be implemented shortly after announcement. Dan DiMicco, CPA Chairman: “The President’s team has spent the last 60 days, as committed to, to allow for public comments and they…
Statement of Dan DiMicco, CPA Chairman: “The Coalition for a Prosperous America supports the decision of Secretary of Commerce Wilbur Ross to initiate an investigation into auto and automotive parts imports under Section 232 of the 1962 Trade Act and whether they put at risk United States’ national security. America’s national security is built upon…
Commerce Secretary Wilbur Ross has initiated a Section 232 investigation into the national security implications of automobile imports, the Commerce Department said on Wednesday. [Dan Dupont and Isabelle Hoagland with Jack Caporal | May 23, 2018 | Inside US Trade] The decision followed a “conversation” with President Trump, who said in a separate statement that he instructed…
CDJPA Research Note #2 By John Hansen (CPA Advisory Board) and Jeff Ferry (Research Director) The aim of the Competitive Dollar for Jobs and Prosperity Act is to make the dollar exchange rate competitive by discouraging foreign investment in dollar-denominated financial assets. The CDJPA does this by establishing a Market Access Charge or MAC, a…
WASHINGTON ― The Pentagon plans to invest more than $20 billion in munitions in its next budget. But whether the industrial base will be there to support such massive buys in the future is up in the air — at a time when America is expending munitions at increasingly intense rates. [Aaron Mehta | May 22, 2018 |…
President Donald Trump famously said, “Trade wars are good, and easy to win.” The early results of the last few weeks of negotiations with China suggest that may have been overly optimistic. [John Carney | May 22, 2018 | Breitbart] The early results of the last few weeks of negotiations with China suggest that may have…
The U.S. government was well aware of China’s aggressive strategy of leveraging private investors to buy up the latest American technology when, early last year, a company called Avatar Integrated Systems showed up at a bankruptcy court in Delaware hoping to buy the California chip-designer ATop Tech. [Cory Bennet & Bryan Bender | May 22,…
Questions remain about just how many more U.S. exports China’s promised to buy to avert a trade war: U.S. officials have floated the figure of $200 billion annually, which would cut the bilateral trade deficit in half. Even if that were true, however — and Chinese officials have denied it — that massive buying spree wouldn’t bring down the overall U.S. trade…
So much for that showdown with China over its trade abuses. The Trump administration and its counterparts in Beijing continue rapidly deescalating their confrontation, with the U.S. reportedly agreeing to a deal to drop severe penalties on Chinese telecom company ZTE as the Chinese consent to removing billions of dollars in tariffs on American agricultural products.…
