Editor’s note: Curtis Ellis makes a fundamental point. Trade policy should be about building investment in production as well as employment. The cheap consumer goods pursuit is the wrong path to national greatness, as the Asian economies have shown us. It’s well past time to ask whether procuring cheap imported consumer goods should be the…
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Excerpt. “Congress and trade experts have ignored exchange rate moves in crafting trade policies for too long,” said Michael Stumo, the chief executive of the Coalition for a Prosperous America, a trade group that supports the metal tariffs. “The president’s action is a next step, after declaring China a currency manipulator earlier this year, to connect…
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Editor’s note: Curtis Ellis lays out the mechanics of why the tariffs are not raising prices. Exclusive: Curtis Ellis explains ‘myriad (illegal) subsidies’ China continues to use [Curtis Ellis | November 29, 2019 | WND] Today we witnessed a central rite of one of the world’s great and growing state-sponsored religions. We saw frenzied acolytes…
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Editor’s note: Very good to insert currency into trade strategy actions. Exchange rates are the big issue. Ignored too long. Baldwin-Hawley Competitive Dollar for Jobs and Prosperity Act can fix trade and job quality. President accuses both countries of manipulating the real and the peso to devalue them, saying they are hurting U.S. farmers, but…
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Editor’s note: The Fed quietly admits, in this recent blog post, that tariffs are not increasing import prices. This is a big admission, which counters the assertions of Princeton economists who released a study claiming the opposite. [Matthew Higgins, Thomas Klitgaard, and Michael Nattinger | November 28, 2019 | Liberty Street Economics] Tariffs are a…
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Editor’s note: More evidence that the EU is not a free trading Economic Bloc. Panel Rejects EU’s Latest Claims that it Removed Illegal Subsidies [December 2, 2019 | Office of the United States Trade Representative] Washington, DC – A World Trade Organization (WTO) compliance panel today rejected the European Union’s (EU) latest claims that it complied…
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Editor’s note: Secretary Ross departs from the “we’re close to a deal” messaging of other administration officials with a more aggressive statement. Time is running out for the U.S. and China to make a trade deal before the U.S. increases tariffs on Chinese goods. [Jonathan Garber | December 2, 2019 | Fox Business] “Well, you…
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Editor’s note: The WTO is indeed dying. Perhaps nothing should replace it. The US should determine and implement its trade policy through domestic laws, conditioning access to the US market upon playing by our rules. We have that power as the dumping market of first and last resort for global oversupply of goods and capital. …
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Editor’s note: CPA congratulates our longtime member Bill Hickey for receiving the Steel Executive of the Year award from the Association of Steel Distributors. The Association of Steel Distributors honors Bill Hickey as its 2019 Steel Executive of the Year [Dan Davis | November 20, 2019 | The Fabricator] The official work history of William “Bill”…
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Editor’s Note: Roger Simmermaker is a CPA member and author of “How Americans Can Buy American: The Power of Consumer Patriotism.” Costly new regulations could erase some of the competitive advantages U.S. producers have gained [Roger Simmermaker | November 21, 2019 | Lifezette] U.S. consumers who haven’t been buying American products and have been getting their…
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