Editors’ note: Very important interview. Key points. Mohammed El–Erian, chief economic advisor to Alliance, says the financial economy is overexposed to the world as we deglobalize. But the US real economy is, relative to finance, insulated from the rest of the world. El–Erian makes these points at the beginning of the 7 minute clip. 1. US consumer…
Editor’s note: Reshoring to the United States from China continues. A U.S. cabinet maker will move its production to Lancaster County from China and establish its headquarters in a former Duracell building in that county. [Ken Elkins | August 15, 2019 | Biz Journals] Adornus Cabinetry, which makes stylish frameless cabinets and other products for…
Editor’s note: The Chinese are working hard to circumvent the tariffs by trans-shipping through other countries. Wilbur Ross and the Department of Commerce are responding. The Commerce Department on Wednesday announced it is self-initiating a first-of-its-kind probe of whether corrosion-resistant steel products from several countries is circumventing U.S. antidumping and countervailing duties. [August 14, 2019…
Excerpt: The study states that the tariff would stimulate the economy through two channels. The Coalition for a Prosperous America (CPA) released updated study results in July showing that a permanent across-the-board 25 percent tariff (PATB-25) on all imports from China would stimulate GDP growth and jobs in the U.S. economy. [David Lam | August 14,…
Editors note: This is the US Trade Representative’s announcement on the new 10% tariffs against Chinese imports. Some are delayed until December 15 to avoid any price increase risk for the Christmas shopping season. CPA continues to support increasing tariffs on all Chinese products. Washington, DC – The United States Trade Representative (USTR) today announced…
By Michael Stumo Jennifer Hillman, a former Clinton trade official, recently wrote a misleading opinion article in the New York Times entitled “How to Stop Trump’s Trade War Madness.” Not only did Hillman work in the Clinton’s Office of the US Trade Representative, but she was USTR General Counsel and oversaw implementation the Uruguay Round…
Editors note: Tariffs are not taxes on consumers. The supply chain is being disrupted away from China. Trump’s threat to impose tariffs on more consumer goods leaves industry anxious [Alistair Gray | August 9, 2019 | Financial Times] President Donald Trump’s plan to impose a new round of trade tariffs on Chinese imports is complicating…
Editors note: The tariffs are working. Now we need to get serious about exchange rate management. Falling producer prices add another complication to Beijing’s efforts to shore up its slowing economy [Grace Zhu | August 9, 2019 | WSJ] BEIJING—China’s producer prices fell into deflation for the first time in three years, as worries over…
Excerpt. “There is no way that the impact of these tariffs will be that substantial on the average American consumer.” says former CEO of Toys ‘R’ Us. Trade tensions are targeting consumers with the new planned tariffs on $300-billion worth of Chinese-made products. Some companies are concerned the tariffs might hit U.S. consumers harder than…
CPA also adds financial economist and real estate developer David Lynn Washington. The Coalition for a Prosperous America (CPA) continues to expand its leadership capacity as it advocates for new, national trade and economic policies. The group is proud to welcome two new members to its advisory board: Stephen Vaughn, who recently served as General…
