The U.S. Treasury announced today, for the 12th time, that the Obama Administration has determined that neither China, nor any other “major trading partner of the United States met the standard of manipulating the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or…
Factory Man — the most popular non-fiction, non-academic book ever published about an anti-dumping trade case — is a worthy read for three reasons: The protagonist is a fiery, patriotic industrialist who was chastised by his industry and his big retail customers for using the trade laws to save his company; the author is an…
Google is in a row with France about how much corporate taxes it pays. Like the Obama Administration’s outrage about businesses moving headquarters abroad, this dispute demonstrates corporate taxes, along with personal income taxes, are obsolete. [by Peter Morici | October 9, 2014] Google markets ads in France, where the corporate tax rate is 33.3…
To highlight the importance of manufacturing to the economy of the San Diego region, the Mayor and City Council declared the week of September 30 – October 5, 2014 to be Manufacturing Week instead of only Manufacturing Day on October 3rd. [By Michele Nash-Hoff | October 15, 2014 | Can American Manufacturing Be Saved?] One…
A friend and like minded American Champion uses the true story below as a call to action for all America to Wake-Up and keep history from repeating. Frank, thank you and AMEN! [by Dan DiMicco | October 6, 2014 | dandimicco.com] “In 1887 Alexander Tyler, a Scottish history professor at theUniversity of Edinburgh, had this…
If you want to see the dilemma policymakers and elected officials face when forced to hand out billions of dollars in corporate welfare to Boeing — and the company still announces it will make 777X parts in St. Louis, not the Puget Sound — study this map from the Brookings Institution: [by Jon Talton |…
Protests over democracy in Hong Kong may be preoccupying the Chinese leadership, but a subject of still greater international importance is being played out this week behind closed doors in Washington. China is bidding to enter the heart of global finance by establishing its currency, the renminbi, as part of an ubiquitous monetary unit used…
China’s harsh suppression of political dissent, from Hong Kong to Xinjiang, and its close ties to Russia, Iran and North Korea, have finally laid to rest the dream many Western leaders have had since the 1990s: that “constructive engagement” would eventually, inevitably lead to more openness and democracy. [by Wesley K. Clark | October 10,…
According to author Mike Collins, America’s trade deficit is the single biggest obstacle to creating manufacturing jobs, and to keeping manufacturing jobs in this country. [by Jon Minnick | October 9, 2014 | Manufacturing Business Technology] He also agrees with Warren Buffett who says, “The U.S. trade deficit is a bigger threat to the…
The economy-gutting results of US trade policy are caused by Congress’ prime directive to the President. Reduce trade barriers. Why is that the wrong goal? Because, while plausible, it’s primary result has been to enable foreign trade cheating, 40 years of deficits, de-industrialization and job losses. CPA has placed a high priority on Balanced Trade…
