The Economic Foundations of Industrial Policy

Editor’s note: Marc Fasteau (CPA Board Member) and Ian Fletcher (CPA Advisory Board Member) authored this important piece describing the economic basis of successful industrial policy. A book will be coming soon.  Industrial policy is back on the national agenda.  From Marco Rubio on the right to Elizabeth Warren on the left, a bipartisan consensus…

Over 1,300 Chinese Medical Suppliers to U.S.—Including Mask Providers—Use Bogus Registration Data

Editor’s note: Chinese companies’ fraud is not just in the stock market, it is in the FDA approval database.  WSJ analysis shows gaps in FDA coronavirus-response program; false address, nonworking number [Austen Hufford, Mark Maremont and Liza Lin | June 12, 2020 | WSJ] More than 1,300 Chinese medical-device companies that registered to sell protective…

Yes, America Is in a Cold War With China

Editor’s note: Rep. Mike Gallagher says that it is time to stop denying it and acknowledge that we are in a cold war with China.  Some lessons from the Soviet era apply: Seek bipartisan consensus and allies, and avoid armed conflict.   [Mike Gallagher | June 7, 2020 | WSJ] China has pushed back. Two weeks…

Senator Hawley Calls for American Companies in China to Stand Up Against Crackdown in Hong Kong

Editor’s note: Senator Hawley v stateless multinationals in China. The ones that are patriotic only when convenient.  Today, on the 31st anniversary of the Tiananmen Square massacre, U.S. Senator Josh Hawley (R-Mo.) sent an open letter to American companies operating in China calling for them to stand up against the Chinese Communist Party’s (CCP) crackdown on Hong Kong.…

China Phase One Trade Deal Looks Mighty Dead

Editor’s note: If the phase one deal is pronounced dead, China decoupling becomes even more likely. Remember the phase one trade deal that the Republican Senate really wanted President Trump to ink with China (or else no quick impeachment acquittal, some DC insiders have told me) — well, it’s on life support. [Kenneth Rapoza | June…