Editor’s Note: Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). 2019 could mark a major turning point. [Jeff Ferry | March 4, 2020 | Industry Week] In 2019, the overall U.S. trade deficit declined, as did America’s goods deficit with China. These are positive developments for the U.S. economy—and the Trump…
Editors note. Another reminder that the worst air pollution policy in history was allowing China into the WTO. Coronavirus is clearing the air in China. [Sara Dorn | February 29, 2020 | NY Post] Stunning aerial images of Earth show a drastic decrease in pollution levels over northern China in the past month, as entire…
Editors note: These are companies benefiting from forced labor in China. Acer, Apple, Amazon, ASUS, Dell, General Electric, Google… The Chinese government has secretly transferred thousands of Uyghurs and other ethnic minority citizens from Xinjiang to factories across the country, according to a new report that implicates brands including Apple, BMW, Google, Nike and Samsung. [Isabelle…
Editor’s note: Europe is finally realizing that Chairman Xi is not their friend. The US still must get the trade imbalance with the EU fixed so we stop transferring jobs and industries there. Countries that once saw Xi Jinping as a possible ally on global issues now find themselves resisting Beijing’s authoritarian sway [Yaroslav Trofimov…
Editor’s note: This is good news. But check out how many other international organizations China leads! Singapore’s Daren Tang beat Chinese contender for World Intellectual Property Organisation role [Katrina Manson, Primrose Riordan | March 4, 2020 | FT] A US campaign helped prevent China’s contender from taking the helm of the World Intellectual Property Organisation…
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year. The combination of US spending growth and imports…
Editors note: Everyone is getting interested in national industrial strategy against China now. The United States is not playing to win against China. [Eric Schmidt | February 27, 2020 | NY Times] America’s companies and universities innovate like no other places on earth. We are garage start-ups, risk-taking entrepreneurs and intrepid scholars exploring new advances…
Editors note: India is trying to be China with its tech transfer requirements and Made in India programs. Yet Modi mouths claims of defending “free trade” just as Chairman Xi did. Indian Prime Minister Modi seeks to emulate Chinese success with increased protection for domestic firms [Greg Ip | February 19, 2020 | WSJ] In…
Editor’s note: CPA is pushing the use of capital flow management tools to curb excessive foreign capital inflows that drive up the price of the dollar. The Baldwin-Hawley Competitive Dollar for Jobs and Prosperity Act would require the Fed to use a market access charge to slow foreign inflows, realign the dollar exchange rate and…
Editors note: If the US doesn’t make decisions on the shape of our economy, other countries will. China picked winners and dominates future industries. We did nothing and are relegated to food service jobs. Ten House Members oppose this exclusion request, but 14 favor it. [The Editorial Board | February 18, 2020 | WSJ] Fourteen…
