Editor’s note: And then they cried “wolf” again. This UN report lacks any credibility, ignores trade cheating and ignores global trade imbalances. If a global economic downturn was going to happen with China tariffs, it would have happened. The US and the world will be better off if we fix China’s economic predation and especially…
Editors note: The money quote, “It was highly unlikely China would agree to new disciplines targeting changes to its trade practices and economic system, the USTR said.” [David Lawder, Chris Prentice | February 4, 2019 | Reuters ] Negotiating new World Trade Organization rules to try to rein in China’s “mercantilist” trade practices would be…
Editor’s note: This Economic Policy Institute’s study quantifies the extent to which creating or destroying jobs in manufacturing has large indirect jobs ripple effects as compared to the service sector. Anyone involved in economic policy planning should understand these effects. [Josh Bivens | January 23, 2019 | Economic Policy Institute] When it comes to…
Editors Note: This is an important new expansion of the federal Buy America program to state level projects funded by federal money. CPA issued a press release in support of the announcement yesterday. President Trump on Thursday signed an executive order aimed at strengthening “buy American” principles in federal infrastructure programs, a move that builds off interagency…
Editor’s note: The US-China trade talks finished today. These are the talks arising from the 90 day tariff delay agreed to by Presidents Trump and Xi last November at the G20 meeting in Argentina. CPA is supportive of Ambassador Lighthizer and the trade team, but believes the fundamental nature of China’s long term economic, military…
Focus on state-level infrastructure projects will close potential gaps in coverage Washington. The Coalition for a Prosperous America (CPA) today praised President Trump’s executive order to strengthen Buy America preferences for infrastructure projects. While Buy America typically covers federal projects, the executive order will now extend such requirements to state-level projects that receive federal funding. “President Trump and…
Editors note: In China, “stealing is regarded as a national development strategy and a patriotic duty.” Catch-up is how economists explain the success of China and other fast-growing developing economies. Not having to invent the wheel, the microchip or the theory of continuous improvement is a distinct advantage over having to invent them. [Holman W. Jenkins,…
By Jeff Ferry, CPA Chief Economist On January 16th, a grand jury in the US District Court in Seattle, Washington indicted Chinese telecom equipment maker Huawei for theft of trade secrets and attempting to corruptly obstruct a civil lawsuit. The indictment contains an extraordinary amount of detail on Huawei’s industrial espionage practices and its theft…
Editor’s note. The release of this list is required under the Trade Promotion Authority/Fast Track law. It is a precursor to future implementing legislation that congress will consider as the vehicle to approve the USMCA. An International Trade Commission study will also be released in the near future, which the law requires. U.S. Trade Representative…
President Trump often criticizes the way other countries keep taking advantage of the United States. And he’s right. There is an inherent unfairness in how other countries trade with America. For decades, the U.S. has generously imposed low tariffs on imports. But in response, other countries continue to levy hefty tariffs on U.S. goods. Op-ed…
