Editors note: CPA helped put a letter together in favor of the tariffs, to counter a letter by multinational corporation‘s that oppose the tariffs last week. Over 600 American companies support President Donald Trump’s use of tariffs on China. The Daily Caller obtained a letter to be submitted during a public hearing by the Office…
Domestic manufacturers reaffirm support for tariffs on China Manufacturing groups send joint letter to president endorsing tariffs Washington. Hundreds of independent U.S. producers today joined with industrial and manufacturing organizations to urge continued tariffs on subsidized imports from China. In a letter to President Trump, the collection of manufacturers and industrial groups expressed support for…
Editor’s note: In case anyone thought China was a free market, note that they are ordering their national champions to boost monopoly profits. They have economic management tools that we have never thought about. China’s biggest 97 industrial conglomerates, known as the country’s national champions, have been asked to play their part as “stabilisers” in the…
Editor’s note: Romney is presenting himself as a China hawk. Senator Mitt Romney is trying to prevent President Donald Trump from doing what many in Congress fear he plans to: Going easy on Huawei Technologies Co. as part of a trade deal with Beijing. [Jenny Leonard | June 19, 2019 | Bloomberg] In an amendment…
Editor’s note. Roger Robinson of the Prague Security Studies Institute talks about how China’s government owned enterprises raise perhaps $1 trillion from US securities markets .
Editor’s note: Hundreds of America’s biggest companies are fighting hard to keep buying cheap stuff from China rather than rebuild America’s industrial base. The administration continues to move forward with imposing 25 percent tariffs on China. [Curtis Ellis | June 17, 2019 | DailyCaller.com] This week, the U.S. Trade Representative will have an open mic…
Editors note: Very good news. Wage gains are rising the most in lower-paying industries, and without a $15 minimum mandate. [Andy Puzder | June 13, 2019 | WSJ] With the Democratic presidential campaign under way, get ready to hear a lot about economic inequality. Sen. Elizabeth Warren, who’s surging in the polls, has complained about…
Editor’s note: Sanctions and tariffs work. HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. [Sijia Jiang | June 17, 2019 | Reuters] Ren’s downbeat assessment that the ban will hit…
Editor’s note: Rob Scott authors an important piece in the NY Times supporting CPA’s, and others, efforts to realign the dollar to balance trade. Ms. Warren and Donald Trump agree on at least one thing: America’s currency problems are hurting workers. [Robert E. Scott | June 16, 2019 | The NY Times] Elizabeth Warren released…
Editors note: The US is decoupling from China. The rest of the world is beginning to follow. In its heyday, Samsung’s complex in Huizhou in the northern part of the Pearl River Delta was the South Korean company’s largest Chinese factory, producing one in five smartphones sold in China in 2011. [He Huifeng | June…
