Editor’s note: Unbelievable! The EU is taking China’s side in China’s challenge to the Section 301 tariffs imposed due to intellectual property theft. Another reason that multilateral efforts to rein in China are a fantasy. The European Union last week rebutted several arguments the U.S. has advanced to defend its Section 301 tariffs on Chinese…
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Editor’s note: The title of this article says it all It’s not often that you come across a book that completely transforms your understanding of the world. Just recently I’ve read two. One, Tom Holland’s Dominion concerns the debt we all owe — not just vicars and popes but atheists and social justice warriors —…
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Editor’s note: The US should stop subsidizing import competition through the Universal Postal Union. The old UPU agreement stupidly requires the US Post Office to charge lower rates for delivering imported Chinese goods than for delivering US goods. We are here today because of the leadership of two individuals: My boss President Donald J. Trump…
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Editor’s note: The footage of Chinese soldiers herding Uighars with shaved heads and blindfolds is horrifying. CPA does not use the phrase “Nazi Germany”, but this China footage really looks like it. What happened to these people after being led away? Video shows what appear to be Uighur or other minority prisoners led away by police…
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Editor’s note: This is an extremely important article by economist Richard Koo describing in very clear terms the relationship between exchange rates, capital flows, and the trade deficit. Publication: “International Economy, Summer 2019“. The takeaway is that until the US manages capital flows and exchange rates, we are destined to have trade deficits and deindustrialization forever. U.S. trade deficits were caused…
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Editor’s note: Greg Autry is a member of CPA’s Advisory Board. On the morning after the 2016 presidential election, CNBC interviewed Peter Navarro, who had been an economic adviser to the Trump campaign and would soon join the administration to advise the president on trade and manufacturing policy. Navarro outlined President Trump’s economic plans: cutting taxes, reducing…
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By Jeff Ferry, CPA Chief Economist On Sept. 23rd, Apple announced that its Mac Pro computer will continue to be manufactured in Texas, rather than China, Taiwan, or southeast Asia, as the company was previously planning. The Mac Pro is currently the only Apple product assembled in the United States. This is good news for…
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Editor’s note: Fed nominee Judy Shelton argues that the Fed has previously been required to address trade deficits in its policies and should again. Lawmakers in the past have broadened the central bank’s goals, directing it to boost U.S. competitiveness. [Judy Shelton | September 16, 2019 | WSJ] The role of the Federal Reserve as…
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Editor’s note: Pharmaceutical ingredients from China are uninspected, contaminated with carcinogens, and often simply ineffective. We need to rebuild this supply chain in the US. An FDA quality-control nightmare reveals how impurities end up in America’s blood pressure pills. [Anna Edney, Susan Berfield, and Evelyn Yu | September 12, 2019 | Bloomberg] The chemical N-Nitrosodimethylamine,…
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Editors note: the Democrats need to be more aggressive on trade to be effective leaders. [Andrew Soergel | September 12, 2019 | U.S. News] The tightrope that Democratic presidential hopefuls are attempting to walk on the trade and tariffs front was perhaps best exemplified by Ohio Rep. Tim Ryan’s response to a question about…
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