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,…
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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…
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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…
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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…
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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…
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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…
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Editors note: China reducing tariffs is only a fraction of the issue. Since the government makes purchasing decisions, little matters except whether the government actually makes the decision to purchase. BEIJING (Reuters) – China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far,…
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Editors note: Kaplan misses the fact that we are underemployed according to our job quality index. www.jobqualityindex.com Dallas Fed President Robert Kaplan says that he views the labor market as “likely at or past” full employment, hinting that Kaplan may see a weaker case for lowering interest rates. [Brian Cheung | February 18, 2020 |…
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Editors note: The Department of Commerce is doing some good work on economic security issues versus China. WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies [HWT.UL] from companies such as Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, two sources familiar…
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Editors note: The increased trade deficit with EU transfers many good paying US jobs to Europe. Supporting their efforts towards full employment. Causing low quality job underemployment here. Dollar overvaluation needs to be eliminated. Europe’s surplus, a bone of contention for the president, rises amid efforts toward a new EU trade deal [Paul Hannon and…
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