CPA’s Take: Today USTR Robert Lighthizer took the unusual step of issuing a statement on today’s monthly trade figures. Washington, DC – Ambassador Robert Lighthizer issued the following statement today concerning the August 2020 trade data released by the U.S.Department of Commerce: [FOR IMMEDIATE RELEASE | October 6, 2020 | USTR.gov] “The trade data released today…
CPA’s Take: CivicaRX CEO Martin VanTrieste explains why it is essential, and achievable to reshore pharmaceutical production to the US. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices. [Martin Vantrieste…
Each year, the Office of the U.S. Trade Representative (USTR) produces a report on China’s compliance with its World Trade Organization (WTO) commitments. Ahead of this year’s report, the Coalition for a Prosperous America (CPA) has submitted comments to the USTR. CPA’s letter focuses on China’s many broken promises, particularly in the automotive and electric…
CPA’s Take: The WTO just pounded more nails into its own coffin. CPA is quoted in this article. U.S. disputes finding, has long called World Trade Organization provisions inadequate [Josh Zumbrun and Daniel Michaels | September 16, 2020 | WSJ] The World Trade Organization ruled Tuesday that some U.S. tariffs against China broke international trading rules,…
By Kenneth Rapoza, CPA Industry Analyst The World Trade Organization has ruled that over $230 billion worth of the Trump Administration’s “fair trade” tariffs, known as the Section 301 tariffs, break the global trade group’s rules. We doubt the US will be removing those tariffs on China. If they did, Washington loses its trade negotiating…
CPA’s Take: Good to see POTUS start to talk about decoupling from China. Ending federal contracts with companies who offshore is an important idea. President vows to end reliance on Beijing as he ratchets up anti-China rhetoric in re-election campaign [Brendan Greeley | September 7, 2020 | FT] Donald Trump raised the prospect of “decoupling”…
CPA’s Take: The first two people mentioned as Biden trade advisors, Jennifer Hillman and Miriam Sapiro, are pro-globalists that don’t care where things are made. WASHINGTON/WILMINGTON, Del., Sept. 8 (Reuters) – Democratic presidential nominee Joe Biden is tapping some of the most experienced trade professionals in Washington to help chart a new course on trade if…
CPA’s Take: This is excellent. Finally, import competition is being accepted in agriculture as harmful to domestic producers. Washington, DC — The Office of the U.S. Trade Representative, the Department of Agriculture, and the Department of Commerce today released a report outlining the Trump Administration’s plan to address the threat posed by increased foreign imports to…
CPA’s Take: CPA supports efforts to remove Chinese stocks from the US stock market because they do not let us access their audited financial records. It is ridiculous that it has gone on this long. The spotlight fell on Chinese investments held by U.S. colleges this week as the White House looks to untangle the intricate…
CPA’s Take: The battle within the Biden campaign on trade between the Wall Street globalists and the fair traders is real. The former vice president is eager to de-emphasize trade, but that could leave tensions with allies and progressive Democrats to boil over. [Gavin Bade | August 20, 2020 | Politico] “Trump is going to…
