Editors note: This is why we need self reliance on critical products, not just moving away from china. We can’t even rely upon allies. European Union Trade Commissioner Phil Hogan on Monday defended his government’s decision to restrict exports of masks, gloves and other protective equipment in response to the novel coronavirus outbreak, calling the…
Editor’s note: Beth Baltzan explains how the law currently prevents importation of products made in whole or in part by forced labor. We remember the Tariff Act of 1930 because it included the infamous Smoot-Hawley tariffs. But we should remember it for something much more important: it prohibited imports made with forced labor. Back in the day,…
As coronavirus hits, we should realize we’re relying too much on far-flung and stretched global supply chains We’ve heard a lot in recent years about the benefits of a globalized supply chain. But this year, America’s international supply chain was tested by the coronavirus pandemic. It failed. [Jeff Ferry | March 30, 2020 | MarketWatch]…
By David Morse, Tax Policy Director The president just signed the CARES Act after a week of negotiations in the Senate, and a Congressional kerfuffle that required an emergency recall of House members to the Capitol. Newspapers have spent much ink on individual check expectations and considerable corporate loan restrictions. Until Treasury releases guidelines, we…
Editor’s Note: CPA’s study on reshoring pharma could add 800,000 jobs and $200B could be added to economy was mentioned on the Lou Dobbs show on Fox Business [March 26, 2020 | Fox Business]
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo Western economists often believe that China’s economy follows a rough approximation of America’s. But it doesn’t. How, for example, can China build massive overproduction in industry after industry — when there’s already too much being produced? And how can…
Editor’s note: Make the gloves here. This is not a high labor product, as lots of automation is in the process. The United States is relying on rubber glove imports from mostly Malaysia and Thailand in the midst of the Chinese coronavirus, with no clear path for manufacturing the critical medical supply in the U.S.…
Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo The coronavirus has transformed America’s landscape, putting a renewed emphasis on hygiene measures in public places and medical facilities. In response, the Trump administration is calling on U.S. companies to ramp up production of needed medical supplies like face masks.…
U.S. Customs and Border Protection (CBP) will continue tariff collection Washington. The Coalition for a Prosperous America (CPA) is praising a decision by U.S. Customs and Border Protection (CBP) to continue the collection of duties on imports. The agency had recently proposed deferring tariffs in a misguided effort to offer relief during the COVID-19 pandemic.…
Editor’s note: Congratulations to Wellborn Cabinets, a CPA member company, for helping win the biggest trade case in the history of history. The U.S. International Trade Commission voted unanimously on Tuesday that imports of Chinese-made wooden cabinets and vanities are hurting the U.S. industry, clearing the way for final antidumping and countervailing duty orders to…