Editor’s note: The US has tried to prevent the serial technology thief, Huawei, from building 5G and other communications systems in the US and across the world. Prime Minister Theresa May of the UK inexplicably made a deal with Huawei to build out the British 5G network. This article shows why… because Huawei will build…
CPA Praises Hike in Tariffs on Chinese Imports Tariff increase provides negotiating leverage, helps domestic manufacturers Washington. The Coalition for a Prosperous America (CPA) today strongly praised the Trump administration’s decision to increase tariff rates on $200 billion worth of imports from China. President Trump had previously delayed a planned tariff increase—scheduled to take effect…
Excerpt: Michael Stumo, CEO of the CPA, said, “We’re very pleased to participate in the Made in America trade show. Consumers want to buy American-made products, and they understand the connection between good jobs at home and the viability of local producers. We highly recommend attending this important event and will be encouraging our members to…
Editors note. Administration continues increasing trade enforcement. Today, the U.S. Department of Commerce announced the initiation of new antidumping duty (AD) and countervailing duty (CVD) investigations to determine whether ceramic tile from China is being dumped in the United States and to determine if producers in China are receiving unfair subsidies. [May 1, 2019 |…
Editor’s note: The array of Chinese subsidies to industries keeps metastasizing A new government program offers low-interest “red loans” to firms supporting the Communist cause. [May 1, 2019 | Bloomberg] President Xi Jinping has overseen a resurgence of party influence in China over everything from corporate boards to houses of worship, famously using a phrase…
Editors note. Tariff armageddon still is not happening. The first three months of the year saw wages for manufacturing workers rise at the most in over a decade. [John Carey | April 30, 2019 | Breitbart] The employment cost index, a measure of wages and benefits paid by businesses, for manufacturing workers rose by one…
Domestic Producers Tell Congress “Hands Off” Section 232 Tariff Authority Send letter urging support for key pillar of US trade law Washington. More than 50 different organizations have sent a letter to Congress opposing efforts to weaken a part of US trade law known as Section 232. In 2018, the Trump administration imposed Section 232 tariffs…
Excerpt: FBI Director Christopher Wray said last week, “China seems determined to steal its way up the economic ladder, at our expense… They’re strategic in their approach—they actually have a formal plan, set out in five-year increments, to achieve dominance in critical areas.” On Tuesday, Vodafone, Europe’s largest phone company, “acknowledged that it found vulnerabilities going back years with…
Editors note: this is a very good analysis of the oversupply and exchange rate problems that are causing harm to the dairy industry. The New York Times reports that Wisconsin’s dairy industry is in trouble: [Kevin Drum | April29, 2019 | Mother Jones] Wisconsin is known as “America’s Dairyland,” but the milk makers who gave…
Editors note: we need to keep the tariffs, probably increase them, and use the revenue to compensate agricultural producers. U.S. pushes to leave in place some of the duties it levied on $250 billion of Chinese goods as a tool to enforce a coming agreement [Chao Deng | April 30, 2019 | Wall Street Journal]…
