Excerpt: “The FBI has said in the past that nearly every one of the agency’s 56 field offices have investigations into economic espionage tied to China.” WASHINGTON (Reuters) – A former engineer and a Chinese businessman have been charged with economic espionage and conspiring to steal trade secrets from General Electric Co to benefit China, according…
Editors note: Michele Nash-Hoff is long standing member of CPA . Free trade has resulted in enormous trade deficits in goods for the United States for over 40 years. Our last year of a positive trade balance was 1975. At best, free trade has benefited large, multinational global corporations that have manufacturing facilities located in…
By Jeff Ferry, Chief Economist There is widespread concern in the US, ranging from cable TV shows right up to the White House, that the US is losing the race for 5G wireless networks. The concern is right, but the analysis is wrong. The US is the world leader in 5G networks. We are missing…
Editors note: The claim “automation is causing the job losses,” is dog whistle politics for those globalists who oppose an aggressive trade strategy. In his campaign for the Democratic presidential nomination, Pete Buttigieg has been telling audiences that the U.S. lost six times as many jobs due to automation than trade from 2000 to 2010,…
Excerpt: “GOP globalists are a big threat to the economic recovery,” Stumo said. “President Trump’s nomination team needs to have a litmus test to screen out globalists when considering appointees. The president should now be tweeting about these America Last FTC commissioners as vigorously as he tweets against the Federal Reserve.” President Trump’s hand-picked appointees for the Federal Trade…
Editor’s note: AT&T’s reliance on Huawei, a predatory Chinese government influenced company, is all the more reason to ban its products in the US. U.S. company and rivals use Chinese vendor’s equipment to run wireless networks across Mexico; ‘We just continue supplying them’ [Drew FitzGerald | April 16, 2019 | WSJ] U.S. officials have told telecommunications…
Editor’s note: USTR released its own analysis of the impact of the USMCA on the auto sector due to its rules of origin changes. This report comes ahead of a statutorily mandated International Trade Commission report on the agreement. Click here to view online USTR NEWS UNITED STATES TRADE REPRESENTATIVE www.ustr.gov Washington, D.C. 20508 …
Excerpt: “China’s authoritarian government, size, and anticompetitive intent are more problematic than the ownership structure of the companies in question. The government can fund them, without having them be profitable, as long as it likes. And it can control them without owning them.” [Beth Baltzan | March 7, 2019 | American Phoenix] Much has been made of…
Editor’s note: China’s military rise is funded by their trade surplus with the US. Conversely, the US containment strategy against the USSR bankrupted them. Adm. Phil Davidson sent letter to Senate Armed Services Committee faulting shortage of ‘immediate and necessary resources’ [Gordon Lubold | April 17, 2019 | WSJ] WASHINGTON—The commander in charge of U.S.…
Editor’s note: China’s request to be considered a “market economy” is yet another example of the persistent deceit of the country’s leadership. The World Trade Organization decided that China didn’t automatically qualify for market-economy status in 2016 as Beijing has asserted, according to two people with knowledge of the case, handing a major victory to…
