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…
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.…
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…
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…
Editors note: Peter Navarro does a great job defending an aggressive trade stance on China. He and Charles Payne, the news host, reference the letter CPA helped arrange in favor of the tariffs. Peter Navarro, assistant to President Trump, on the Trump administration’s trade negotiations with China. [June 21, 2019 | Fox Business]
Editor’s note: The global steel import lobby has sued to challenge the constitutionality of the administration’s 232 steel tariffs. The suit, in CPA’s view, is unlikely to succeed. The Supreme Court this week declined to hear a case challenging the constitutionality of the Section 232 statute, sending the challenge to the U.S. Court of Appeals…
Editors note: Good. WASHINGTON — The Trump administration added five Chinese entities to a United States blacklist on Friday, further restricting China’s access to American technology and stoking already high tensions before a planned meeting between President Trump and President Xi Jinping of China in Japan next week. [Ana Swanson, Paul Mozur and Steve Lohr |…
Excerpt: “We are living in a new world—the world of attempted Chinese hegemony—and U.S. policy makers had better adjust, fast.” Forty years ago, China wasn’t a global menace. It is now. U.S. policy on Taiwan needs to catch up. [Seth Cropsey | June 18, 2019 | WSJ] In Hong Kong, hundreds of thousands have taken…
Editor’s note: In case anyone thought China was a free market, note that they are ordering their national champions to boost monopoly profits. They have economic management tools that we have never thought about. China’s biggest 97 industrial conglomerates, known as the country’s national champions, have been asked to play their part as “stabilisers” in the…
Editor’s note: Romney is presenting himself as a China hawk. Senator Mitt Romney is trying to prevent President Donald Trump from doing what many in Congress fear he plans to: Going easy on Huawei Technologies Co. as part of a trade deal with Beijing. [Jenny Leonard | June 19, 2019 | Bloomberg] In an amendment…
