Paul Wellborn is the president of the largest family-owned cabinet manufacturing company in the United States. And as he sees it, the Trump Administration’s China tariffs are working. Decades of manufacturing experience have shown Wellborn firsthand that China cheats in order to put U.S. manufacturers out of business—especially by “dumping” product in the U.S. market…
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Editors note: It looks like passage of the USMCA may be coming soon. Despite impeachment efforts. A resolution between the Trump administration and House Democrats over the U.S.-Mexico-Canada Agreement is “imminent,” House Speaker Nancy Pelosi (D-CA) said Thursday. [November 15, 2019 | Inside U.S. Trade https://insidetrade.com/daily-news/pelosi-says-usmca-deal-imminent?s=iust] Pelosi earlier this year instructed nine House Democrats to negotiate…
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Editor’s note. Dangerous Chinese products brought to you by Amazon. Enabled by section 321 de minimis rule that allows higher value tariff free imports than any country in the world. And which CBP has determined takes precedence over Sec 301 China tariffs. https://www.prosperousamerica.org/the_problems_posed_by_e_commerce_without_borders The e-commerce platform has included banned, unsafe, mislabeled products. One reason: It…
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Washington. The Coalition for a Prosperous America (CPA) today announced the launch of a comprehensive new economic indicator, the US Private Sector Job Quality Index (JQI). CPA has partnered with Cornell University, the University of Missouri, and the Global Institute for Sustainable Prosperity (GISP) to unveil a new measure of America’s changing employment situation. The…
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Editors note: President Trump‘s speech before the New York economic club is reprinted here. He doubles down on trade intervention as benefiting the economy saying “we are not going back”. [Economy & Jobs | November 12, 2019 | White House] New York Hilton MidtownNew York, New York 12:09 P.M. EST THE PRESIDENT: Well, thank you…
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Editor’s note. This is initial coverage of our new Job Quality Index which shows consistent deterioration of the quality of jobs on offer for the last 20 years. If quality is more important than quantity, the U.S. labor market isn’t as good as the headline numbers indicate, according to new research. [Katia Dmitrieva | November…
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Editors note: This letter from 130 congressman wrongly advocates that the US should preserve a loophole in our law allowing shipments valued under $800 from foreign countries to avoid tariffs. CPA supports closing or narrowing that loophole. View the original letter and signatures here.
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The Organization for Economic Cooperation and Development (OECD) has proposed significant changes to the global tax system to combat profit shifting. The Coalition for a Prosperous America supports a much simpler, better, and fairer solution: Sales Factor Apportionment. The following submission was sent to the OECD on November 11th, 2019 to express our support and…
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Editors note: Good move. The Trump administration ratcheted up its pressure on the World Trade Organization by raising the possibility of blocking the approval of the institution’s biennial budget and effectively halting its work starting next year. [Bryce Baschuk | November 12, 2019 | Bloomberg] During a regular meeting of the WTO budget committee in…
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By Jeff Ferry, CPA Chief Economist On October 25th, America’s largest steelmaker Nucor opened a new steel mill in Hickman, Arkansas. The mill will employ about 100 workers at an average salary of $80,000 a year. A jubilant Arkansas Governor Asa Hutchinson attended the opening and told the crowd: “I am thrilled that Nucor chose…
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