Editors note: Even Jamie Dimon has almost reversed his position, now supporting aggressive China action and stating that financial market fears should be ignored because the real economy is doing very well. J.P. Morgan Chase CEO Jamie Dimon did not condemn the White House’s decision to face off with China on trade. Even if it’s a drag…
Excerpt: “the directive of China’s 2017 Intelligence Law legally requires that ‘any organization or citizen shall support, assist, and cooperate with’ the security services of China’s One-Party State.” Six retired U.S. defense officials issued a statement on Wednesday warning that European and Asian partners could put American military operations at risk if they use Chinese…
Editors note: Even those soft on China support tariffs now, even those that opposed them in the past. America should increase tariffs on China going forward. Despite positive messages from both sides, hopes are fading that they can find mutually beneficial policies. [Jenny Leonard | April 5, 2019 | Bloomberg] President Trump, who made taking on China’s…
Editors note: Greg Autry is a member of the Cpa advisory board. While the eyes of the world were focused on China’s Chang’e 4 lunar lander this January, Beijing was also quietly establishing a beachhead in America’s booming commercial space sector. Chinese attempts to steal U.S. space tech go back to the space shuttle, but…
The process of meat labeling in the United States might be in need of a serious government intervention, according to former rancher Bill Bullard. [Tess Bonn| March 14, 2019 | The Hill] https://thehill.com/hilltv/rising/434046-former-rancher-calls-for-government-intervention-on-meat-labeling Bullard said, thanks to the North American Free Trade Agreement (NAFTA), multinational meat packers, which control 85 percent of the market, are able to import cheaper beef…
CPA Seeks Review of Chicago Transit Authority Railcar Purchase Contract with Chinese firm may flout Buy America Act For Immediate Release Washington. The Coalition for a Prosperous America (CPA) has formally requested that the Federal Transit Administration (FTA) review the Chicago Transit Authority’s (CTA’s) $1.3 billion contract with CSR Sifang, a company owned by the Chinese…
Editor’s note: GM’s shift of production and workers from the US to China and Mexico continues to earn well deserved scorn. GM had perched the made-in-Mexico Chevy Blazer on an enormous Chevrolet display — alongside the Chevrolet Silverado which is made in Fort Wayne, Indiana — in Comerica Park for the Detroit Tigers’ opening day…
Editor’s note: Pelosi’s statement that the USMCA must be re-opened presents a major hurdle for USMCA passage. Democrats’ concerns with U.S.-Mexico-Canada Agreement enforcement cannot be fixed in implementing legislation, House Speaker Nancy Pelosi (D-CA) said on Tuesday, suggesting that talks must be re-opened before NAFTA’s replacement can be passed by Congress. [Brett Fortnam | April…
Sees legislation as key step to addressing trade barriers Washington. The Coalition for a Prosperous America (CPA) has endorsed H.R. 764, the Reciprocal Trade Act (RTA) recently introduced by Rep. Sean Duffy (R-WI). The RTA would expand the president’s ability to defend domestic US manufacturers and agricultural producers against foreign protectionism by raising individual product tariffs to match…
Editor’s note: House Democrats and labor unions are focused upon the labor rights provisions of the USMCA to determine whether they will support it. CPA has sought country of origin labeling for beef and pork as well. Labor legislation under consideration in the Mexican Congress fails to meet the requirements of the U.S.-Mexico-Canada Agreement, according…