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.…
Editor’s note: A few stateless multinationals in the US finally get the message that China is not their friend. But Merkel, EU and other leaders of “allies” didn’t get the memo yet. For years, big U.S. firms were Beijing’s most reliable allies in Washington. Now they’re taking a harder stand. [Bob Davis and Lingling…
Editors note: As these current crises ebb, we need to get the focus back on currency misalignment that will hamper our recovery. The Treasury is delaying its currency manipulation report, possibly on the back of new tensions with China – which might be labelled again despite not meeting the criteria. We estimate that Vietnam, Taiwan…
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…
By Steven L. Byers, PhD and Jeff Ferry The coronavirus disrupted international trade and led to a collapse in US trade volume which makes it difficult or impossible to draw conclusions about underlying trends. That being said, the April data show that exports are down 28 percent from a year ago and imports down 22.4…
Editors note: America is too dependent upon China for critical minerals. CPA member American Manganese has a way to reduce that dependency in a cost-efficient and environmentally friendly way. “You cannot make steel without manganese. And if you cannot make steel – the world stops.” That’s the glass of cold-water quote from former BHP Billiton…
Editor’s note: Great to see a few thousand workers planned for the reopening of this plant which will make electric pickups. Hopefully this will happen. Lordstown Motors CEO Steve Burns has bold plans to fill the 6.2-million-square-foot facility he bought from General Motors last year. [Jamie L. LaReau | May 22, 2020 | Detroit Free Press]…
Editor’s Note: CPA chairman, Dan DiMicco discusses the re-domestication of American manufacturing with Steve Bannon. Dan’s interview starts at the 2:30 minute mark. Follow Dan on Twitter @DanRDimicco [Steve Bannon | May 28, 2020 | War Room Pandemic]
Editor’s note: Good. Leave section 232 alone. We don’t need Congress taking away tools that further national and economic security in trade. Efforts in Congress to reform Section 232 of the Trade Expansion Act of 1962 have stalled because Senate Finance Committee members could not agree on a way forward and too many Republicans were loath…
Editor’s note: Mike Wessel rightly states that we can’t merely open up to China trade as we restart the economy or we will get flooded with cheap goods that undercut the recovery. In the nail-biting movie “Apollo 13,” NASA engineers in Houston identified the exact sequence of steps needed to power up the malfunctioning command…
