By Jeff Ferry and Steven Byers The US goods deficit with the European Union (EU) is on track to triple in a decade. In July, our monthly deficit with the EU topped $20 billion for the first time ever. In the first seven months of this year, our EU deficit came in 9.8 percent worse…
Overall trade deficit on track to exceed 2018 total, but China deficit narrowing By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services increased by 1.6 percent in August, to $54.9 billion, up $0.9 billion from $54.0 billion (revised) in July. The August increase is due to a 1.1…
New agreement will eliminate postal subsidization of imports Washington. The Coalition for a Prosperous America (CPA) today praised the efforts of Peter Navarro, White House Director of the Office of Trade and Manufacturing Policy, for taking a tough negotiating position at last week’s Universal Postal Union (UPU) talks. The United States had threatened to withdraw…
Editors Note: David Morse is the Tax Advisor Director for the Coalition for a Prosperous America. Excerpt: A key problem for American companies is that multinational competitors typically avoid paying a hefty portion of their U.S. tax obligations. [David Morse | September 25, 2019 | Morning Consult] It’s been almost two years since the passage of…
Editor’s note: Senators Rubio and Shaheen are doing very good work making sure federal employee retirement funds are not benefitting Chinese government owned companies, including those that engage in wrongful or criminal activities. During the Cold War, it would have been unthinkable for the U.S. government to force members of the military and federal employees…
Editors note: Fake fraudulent Chinese companies should NOT be listed on US exchanges. They don’t let us audit them. They build Chinese military and surveillance tech. They enrich the Chinese government. And China doesn’t let our companies freely list or establish themselves there. WASHINGTON (Reuters) – President Donald Trump’s administration is considering delisting Chinese companies from U.S.…
Editors note: China’s subsidies continue in the form of buying equity stakes in private businesses, rather than let companies go bankrupt like they would here. Government-linked investors are knights in shining armor for cash-starved private enterprises [Shen Hong | September 30, 2019 | WSJ] However, while President Xi Jinping has centralized control more than his…
Editors note: CPA supports this provision to exclude China bus makers from receiving US government money. Momentum is building in a congressional spending bill to ban Chinese firms from the U.S. public bus market. The provision is in the Senate version of legislation that is considered “must pass” in Washington and has the support of…
Editor’s note: The US should withdraw from the Universal Postal Union because the agreement forces us to subsidize shipping costs for Chinese imports so mail delivery is cheaper from Shanghai to Kansas City than from Georgia to Kansas City. An obscure, century-old global pact is at risk of losing its most important signatory—a shift that…
Editors Note: Koch globalists admit multimillion dollar campaign against tariffs failed. Couldn’t convince people that they were spending more on cars when people were not spending more on cars. The political network funded in part by billionaire libertarian Charles Koch is going to try a new strategy against President Donald Trump’s trade war with China after…
