Expert Congressional Testimony Confirms: Congress Must End China’s Exploitation of U.S. Capital Markets, Protect U.S. Investors

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WASHINGTON — The Coalition for a Prosperous America (CPA) today submitted written testimony following a hearing in the House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets titled, “Taking Stock of China, Inc.: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.” CPA National Security Advisor Robby Stephany…

Tariff Incidence in the Real World: Why Consumers (Mostly) Didn’t Pay the Steel Tariffs

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Summary points: The import price of steel fell in the period following the 2018 imposition of a 25% steel tariff, an indicator that steel tariffs were not passed entirely onto consumers. Steel tariffs did not lead to a proportional rise in consumer prices of steel-intensive goods, such as automobiles. In many instances, firms will internalize…

Worker-Centered Trade Means Reshoring U.S. Industries

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In June, U.S. Trade Representative Katherine Tai gave a speech in which she outlined her vision of worker-centered trade, a popular phrase among Biden administration officials. According to Tai: “Build Back Better starts by growing the economy from the bottom up and the middle out and putting workers at the center of our economic plans…In…

Restarting Tariff Exclusions Undermines Build Back Better, Rewards CCP Recalcitrance

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By Charles Benoit, CPA Trade Counsel Regrettably, the Biden Administration announced last week that they’re open to tariff cuts to imports of Made-in-China merchandise. First up are 549 different products, mostly machinery and technology products. But more may be coming. Ambassador Tai stated in her recent speech at the Center for Strategic and International Studies…

OECD Tax Agreement Must not Disadvantage U.S. Domestic Companies Over Multinational Competitors

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WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding closed door negotiations in the Organization for Cooperation and Economic Development (OECD) on how to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. The negotiations have two separate…

CPA Letter to President Biden regarding Re: Preventing Wall Street from Funding Chinese Military Companies by Strengthening Executive Order 13959

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CPA sent the following letter to President Joe Biden requesting the administration to strengthen Executive Order 13959 (EO) to prevent Wall Street from funding Chinese military companies. Dear President Biden: Thank you for your continued efforts to hold the Chinese Communist Party (CCP) accountable for its nefarious behavior and gross human rights violations throughout China,…

Biden Administration Undercuts Efforts to Rebuild U.S. Medical Supply Chains: Withdraws Proposal on WTO Government Procurement Agreement

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WASHINGTON — The Coalition for a Prosperous America (CPA) today criticized the Biden administration for undercutting a campaign promise to ensure that U.S. taxpayer dollars would be used to spur investment in the U.S. rather than continue our dependence on foreign supply chains. According to Bloomberg, the Biden administration has withdrawn a World Trade Organization…