Editor’s note: Tariffs are not killing the economy as claimed by the Very Smart People who brought us fake free trade. Tariffs are pro-growth, need to be expanded, and followed by fixing the overvalued, noncompetitive dollar exchange rate. U.S. stocks traded higher on Wednesday ahead of Federal Reserve Chairman Jerome Powell’s appearance on Capitol Hill. [Ken Martin…
Editors note: Ralph Gomory is a member of the CPA advisory board. In dealing with China, the United States has a fundamental problem. [Ralph Gomory | July 8, 2019 | The Hill] China has used a variety of tactics – from mispriced currency and subsidized competition to industrial espionage – to advance its industries and has announced its plans to dominate…
Excerpt: “The next time you hear ‘Business needs certainty,’ remember this is at best a tale signifying nothing and at worst verbal fog meant to conceal a pickpocket at work.” Exclusive: Curtis Ellis looks askance at ubiquitous claim about nature of business [Curtis Ellis | July 6, 2019 | WND] Turn on any business news channel…
Editor’s note: Home Depot founders surprisingly support tariffs and getting tough on China. They also say their business won’t be harmed. Home Depot co-founders Bernie Marcus and Ken Langone on U.S. trade tensions with China, President Trump’s record so far, their success working together and Marcus’ contributions to the Atlanta Aquarium. [June 24, 2019 |…
Editors note: America is absorbing too much of the global oversupply of capital, driving our dollar higher and worsening our trade deficit. The Trump administration needs to support a market access charge to strategically slow these toxic waste capital inflows. Investors expect even lower growth and inflation; this isn’t the way it’s supposed to work.…
Editor’s note: Peter Navarro strongly defends the POTUS actions on China, battling with the CNBC hosts. Peter Navarro, assistant to the president and director for the White House Trade and Manufacturing Council, joins “Squawk on the Street” after talks between the U.S. and China at the G-20 Summit. Navarro discusses those trade talks, lessened sanctions…
By Jeff Ferry, CPA Chief Economist The US trade deficit jumped 8.4 percent in May, to $55.5 billion, as compared to April’s $51.2 billion, according to data published today by the Department of Commerce. On a year-on-year basis, the jump was even larger, up 25.2 percent over the May 2018 figure of $44.4 billion. However,…
Editor’s note: The Syracuse (NY) Post Standard featured an interview of Michael Stumo on leadership. Michael Stumo grew up on a family farm in Iowa. His first job after college was running a hog-buying station, where he lived in a trailer in a pasture. Inspired by a friend, he started studying for the LSAT (law…
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…