Comments on Proposed Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings

Editor’s note: CPA submitted the following comments supporting a recent Department of Commerce proposal to classify currency manipulation as a countervailable subsidy under US trade laws. CPA has long supported legislation on this topic, but now Commerce intends to achieve this end through regulation. Modification of Regulations Regarding Benefit and Specificity in Countervailing Duty Proceedings July 27,…

Coerced Tech Transfer: The Heart of the China Problem

Editors note: Pat Mulloy is a member of CPA’s advisory board. Trump moved into a bipartisan policy vacuum on China. The political mainstream needs a better strategy, or Trump and China will both be the winners. [Patrick Mulloy | June 26, 2019 | The American Prospect] China’s government uses foreign-ownership restrictions to pressure technology transfers…

Ericsson to Build Smart Factory in US, Eyes Global Expansion

Editors note: Another good high tech investment in 5G coming to the US. The administration’s tariffs and sanctions on Huawei are starting to make a difference. Ericsson (ERIC – Free Report) has announced plans of building its first fully automated smart factory in the United States. The Swedish telecom equipment maker has been focusing on…

U.S. Set to Delay More China Tariffs Ahead of Trump-Xi Meeting

Editor’s note. We may be doing this whole tariff delay thing again. Or not. The press has a poor track record of prognostication on trade talks. CPA supports across the board tariffs on China.  The U.S. is willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports while Beijing…

Joe Biden Won’t Say If He Backs the Trade Deal He Helped Sell

Editors note: Any candidate who will not fully repudiate any TPP-like agreement is hiding his/her views, will be “for” those economically destructive agreements and therefore should not be in the oval office. The Atlantic surveyed the Democratic presidential candidates on whether they support the Trans-Pacific Partnership. Only some took a definitive position. [Edward-Isaac Dovere, Madeleine Carlisle…

Trump hints at 10 percent tariffs on remaining imports from China, action against Vietnam

Editors note: Purposefully vague comments by the president on the next step towards possible future decoupling.  The U.S. could hit another $300 billion in Chinese goods with 10 percent tariffs – not 25 percent – if the two sides fail to reach a trade deal, President Trump said on Wednesday, hinting that he may consider…

Citing GAO procurement study, Sens. Baldwin, Merkley call to expand ‘Buy America’ laws

Editor’s note: No one is calling for the elimination of gov’t procurement rules in trade deals, unfortunately. Either b/c they don’t want to or b/c they think its politically unfeasible.  A new report from the Government Accountability Office shows U.S. government procurement contracts are more likely to be awarded to foreign companies when subject to…

Trump wants a weaker US dollar – here’s why

Editor’s note: Trump is highlighting the dollar misalignment more these days. The fact that he is talking about interest rate difference between the EU and the US means CPA’s education on the issue is working.  President Trump recently pushed back against the European Central Bank, claiming the European bloc was unfairly competing against the U.S.…

Republican Marco Rubio Says the US Needs To Look Beyond Shareholder Value For Economic Success. He’s Right.

By Jeff Ferry, CPA Chief Economist Last month, Sen. Marco Rubio (R-FL) published one of the most enlightening and surprising reports from a member of Congress in a long while. Entitled American Investment in the 21st Century, Rubio’s report took a fresh look at the problems ailing the US economy and concluded that there’s a shortage of…

Trump Isn’t Afraid to Stand Up to the Big China Lobby

Editorial note: This article references a letter from 600 businesses in favor of tariffs that CPA helped generate last week. If you want to know how money and lobbying affect Washington, look no further than the current tariff spat. [Jon Toomey | June 23, 2019 | Real Clear Politics] Politicians on both sides of the…