Washington warms to the idea of a weaker dollar

Editor’s note:  CPA’s work on the Baldwin/Hawley exchange rate management bill is recognized in the Financial Times.  The novelty of an interventionist approach gains cross-party traction on Capitol Hill [Brendan Greeley | August 19, 2019 | Financial Times] Washington is beginning to sidle away from its two-decade consensus in favour of a strong dollar.  Donald Trump’s…

Huawei Technicians Helped African Governments Spy on Political Opponents

Editors note: Anyone who believes Huawei is a legitimate player on the world stage is uninformed. Employees embedded with cybersecurity forces in Uganda and Zambia intercepted encrypted communications and used cell data to track opponents, according to a Wall Street Journal investigation [Joe Parkinson, Nicholas Bariyo and Josh Chin | August 15, 2019 | WSJ] KAMPALA, Uganda—Huawei…

Commerce self-initiates first multi-country circumvention probe

Editor’s note: The Chinese are working hard to circumvent the tariffs by trans-shipping through other countries. Wilbur Ross and the Department of Commerce are responding.  The Commerce Department on Wednesday announced it is self-initiating a first-of-its-kind probe of whether corrosion-resistant steel products from several countries is circumventing U.S. antidumping and countervailing duties. [August 14, 2019…

China’s Factory-Gate Prices Slip Into Deflation

Editors note: The tariffs are working. Now we need to get serious about exchange rate management. Falling producer prices add another complication to Beijing’s efforts to shore up its slowing economy [Grace Zhu | August 9, 2019 | WSJ] BEIJING—China’s producer prices fell into deflation for the first time in three years, as worries over…