Editor’s note: CPA’s Chief Economist Jeff Ferry testified on Friday June 21st at the International Trade Commission in support of expanding Section 301 tariffs against China. This is CPA’s written testimony. On June 21st, at the US International Trade Commission headquarters, I testified on behalf of CPA in favor of maintaining Section 301 tariffs on…
By Jeff Ferry, Chief Economist President Trump’s decision over the weekend to allow US component and chip companies to sell to Chinese network builder Huawei was a questionable decision. We need independence from Huawei, not reliance on them as either a customer or network provider. Yet the president’s decision was an inevitable result of the…
Editors note: This legislation should pass. Also the US needs to focus on developing 5G here. Fast. Ridiculous that we don’t have it. Sen. Marco Rubio (R-Fla.) vowed legislative action on Saturday after President Trump said that he would lift a ban on U.S. companies doing business with Chinese tech giant Huawei. [John Bowden | June 29, 2019 | The…
Editors note: This is what you get when you listen to people who think that a service economy is the wave of the future. Huawei is the top threat to American dominance in wireless technology. And the U.S. is woefully, even disgracefully, behind. [Andrew Ross Sorkin | July 1, 2019 | NY Times] In an…
Editors note: CPA members Zach Mottl and Bill Hickey are quoted throughout this important article on our defense industrial base being challenged by China and US monopolies Wall Street’s short-term incentives have decimated our defense industrial base and undermined our national security. [MATT STOLLER AND LUCAS KUNCE | June 27, 2019 | The America Conservative]…
Editor’s note: Another company moving back to the US. Production to begin in August with 10-15 employees in first year [Alex Zank | June 27, 2019 | Biz Times] Ontario, California-based Optec LED Lighting is moving ground-up production from China to a renovated, centralized facility in Brookfield with plans to eventually make Wisconsin its new…
Editor’s Note: Roger Simmermaker, a CPA member, explains how China is taking over the supply chain serving the energy industry, further evidence why they cannot be trusted to stop cheating. Exclusive: Roger Simmermaker takes on trade war issues [Roger Simmermaker | June 28, 2019 | WND] Many Americans tend to think of the U.S.-China trade war…
Editors note: Another example where U.S. multinational interests do not align with national interests. Advanced Micro Devices revived its fortunes through the deal, and sparked a national-security battle [By Kate O’Keeffe and Brian Spegele | June 27, 2019 | WSJ] Advanced Micro Devices Inc. AMD 3.92% transformed itself from a financially struggling company to an investor’s dream in just three years, a…
Editor’s note: The issue of managing the US dollar exchange rate continues to get media attention. Populists say that devaluing the US dollar will bring back American jobs and boost domestic manufacturing. [Ben Piven | July 1, 2019 | ALJAZEERA News] What kind of American leader would want less bang for the buck? More and…
Editors note: Robert Scott does an excellent job rebutting a Wall Street guy on exchange rate misalignment. A strong dollar is hurting American workers and main street manufacturers, as I explained last week in the New York Times. I discussed what can be done about it, which builds on a crucial plank of Elizabeth Warren’s…
