Editor’s note: Europe is finally realizing that Chairman Xi is not their friend. The US still must get the trade imbalance with the EU fixed so we stop transferring jobs and industries there. Countries that once saw Xi Jinping as a possible ally on global issues now find themselves resisting Beijing’s authoritarian sway [Yaroslav Trofimov…
Details
Editors note. Another reminder that the worst air pollution policy in history was allowing China into the WTO. Coronavirus is clearing the air in China. [Sara Dorn | February 29, 2020 | NY Post] Stunning aerial images of Earth show a drastic decrease in pollution levels over northern China in the past month, as entire…
Details
Editors note: These are companies benefiting from forced labor in China. Acer, Apple, Amazon, ASUS, Dell, General Electric, Google… The Chinese government has secretly transferred thousands of Uyghurs and other ethnic minority citizens from Xinjiang to factories across the country, according to a new report that implicates brands including Apple, BMW, Google, Nike and Samsung. [Isabelle…
Details
In 2019, the US trade deficit, our total imports and our goods imports all declined. These are all positive developments for the US economy and especially so because key indicators of the overall US economy, including GDP and personal consumption expenditure, grew at healthy rates last year. The combination of US spending growth and imports…
Details
Fails to provide relief from subsidized product from Canada, China, and Mexico Washington. The Coalition for a Prosperous America (CPA) today stated its disapproval of the U.S. International Trade Commission’s (ITC) decision not to impose new duties on dumped and subsidized fabricated structural steel imports from Canada, China, and Mexico. U.S. producers of fabricated steel,…
Details
Editors note: Everyone is getting interested in national industrial strategy against China now. The United States is not playing to win against China. [Eric Schmidt | February 27, 2020 | NY Times] America’s companies and universities innovate like no other places on earth. We are garage start-ups, risk-taking entrepreneurs and intrepid scholars exploring new advances…
Details
Will present paper on U.S. Job Quality Index Washington. The Coalition for a Prosperous America (CPA) has been invited to participate in the Western Economic Association International (WEAI) upcoming annual conference in Denver. CPA Chief Economist Jeff Ferry and Senior Economist Steven Byers will present a paper on the U.S. Private Sector Job Quality Index…
Details
Domestic companies win massive trade case against dumped Chinese cabinets Washington. The Coalition for a Prosperous America (CPA) is congratulating one of its members, Wellborn Cabinet, for winning one of the largest trade cases in U.S. history. The Alabama-based maker of wooden kitchen cabinets and bathroom vanities led a coalition of manufacturers charging that Chinese…
Details
Editors note: India is trying to be China with its tech transfer requirements and Made in India programs. Yet Modi mouths claims of defending “free trade” just as Chairman Xi did. Indian Prime Minister Modi seeks to emulate Chinese success with increased protection for domestic firms [Greg Ip | February 19, 2020 | WSJ] In…
Details
By Steven L. Byers, PhD and Jeff Ferry With the introduction of the Baldwin-Hawley bill (S 2359) into the US Senate, capital flow management tools are once again an important issue. The bill, entitled the Competitive Dollar for Jobs and Prosperity Act, envisages using a Market Access Charge on foreign purchases of US financial assets…
Details