Washington ~ The Coalition for a Prosperous America said today that withdrawal from the North American Free Trade Agreement (NAFTA) is likely to boost stock prices, employment and economic growth. Republican Senators told the White House (subscription required to view link) earlier this week that NAFTA withdrawal will harm the stock market. CPA says that claim…
By Jason Cooper, CPA Research Assistant The US trade deficit rose another 3.3% to reach $50.5 billion in November 2017, up $1.6 billion from the $48.9 billion in October, a level not seen since January 2012. The goods deficit is on track to be one of the highest on record. November imports of $250.7 billion,…
One of the most consistent nuggets of feedback we receive is about the amount of manufacturing that takes place in China. Businesses have to be profitable and prices have to be reasonable enough for Pros to buy. That combination leads to the global market and manufacturing where it makes the most sense. But today we’re…
Foreign makers of such products as washing machines and solar panels are ramping up shipments to the U.S. ahead of government decisions on whether to erect new barriers, trade data show. [Andrew Tangle | January 3, 2018 | Wall Street Journal] The influx of goods comes after companies including appliance giant Whirlpool Corp.WHR +0.44% and solar-panel maker Suniva Inc.…
The last three decades have seen a bipartisan effort to match large innovation investments with trade, tax and regulatory policies that drive the production of American inventions overseas as quickly as possible. We have created a system where American public and private funds develop new technologies and launch startups that demonstrate viable commercialization only to…
Over the last five years 30 American solar manufacturers who played by the rules have gone bankrupt because China cheated through cyber-theft and by enabling their companies to purposely sell solar cells and panels at a loss in an attempt to dominate this critical market. Despite these catastrophic developments, lobby groups siding with China have once…
United States president Donald Trump is set to decide whether to impose tariffs on some foreign made solar panels. The US International Trade Commission recently ruled a dramatic rise in imports is causing “serious injury” to American solar companies.
When it comes to solar panel manufacturing, the United States once reigned supreme in the high-tech, high-end solar manufacturing industry it created. [Dan DiMicco | December 16, 2017 | Breitbart] Today, just a few years later, only a handful of American-based manufacturers remain, including larger firms like Suniva and Solar World. Most have gone…
Editor’s note: Why isn’t American trade press saying India will start a “trade war”? India increased the customs duty on some electronics including mobile phones, television sets, and microwave ovens in a bid to curb imports and boost local manufacturing. [Shruti Srivastava | December 19, 2017 | Industry Week] The levy on mobiles was raised…
The Coalition for a Prosperous America, which bills itself as a pro-domestic manufacturing organization, is calling President Trump’s upcoming decision to impose remedies on solar imports an opportunity to bolster an “America First trade strategy” – and blasting members of Congress for “effectively” supporting Chinese efforts to dominate key industries. [December 18, 2017 | Inside…
