Editors note: CPA distributed flyers last year in Congress stating that currency is the next front in the trade skirmish. Our prediction is coming true now. Divisions in White House emerge on whether to take rare step Internal currency feud echoes officials’ battles over trade [By Saleha Mohsin, Katherine Greifeld, and Shawn Donnan | July 26, 2019 |…
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Editor’s note: China has received preferential treatment at the WTO as a “developing country” but it has long outgrown that status. This move continues towards the possible end of the WTO. President presses trade organization to change China’s ‘developing country’ status [Jacob M. Schlesinger and Alex Leary | July 26, 2019 | WSJ] WASHINGTON—President Trump ramped…
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Editors note. China’s growth strategy relies upon suppressing consumption, overproducing, and exporting it’s goods glut to the US. Administration’s tariff strategy is working. They are looking for new places to do “economy-wide dumping”. Next step is realigning exchange rates. Faced with severe factory overcapacity at home and tariffs on exports to the U.S., Beijing wants…
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A permanent 25 percent tariff on all imported goods to the United State from China would create more than one million American jobs by 2024, a new study concludes. The U.S. could undergo a massive, nationwide reshoring-jobs effort if it imposed a permanent 25 percent tariff on all Chinese imports, Coalition for a Prosperous America (CPA)…
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Editor’s note: The pressure is building for US dollar realignment to a trade balancing exchange rate. President Donald Trump’s calls for a weaker US dollar have received fresh support from the IMF, which says the currency is between 6% and 12% overvalued. IMF analysts also said the euro is undervalued by 8% to 18% for…
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Editor’s note: Tariffs work. Total losses of 5 million represent 3.4 per cent of total employment in the sector, according to China International Capital Corp Total is equal to 0.7 per cent of China’s overall labour force, but excludes the effects of May’s US tariff increases on US$200 billion of Chinese goods [Frank Tang |…
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Among the various Democratic presidential contenders, there are a number of proposals for corporate tax reform. After reviewing all the candidates’ plans, we’ve identified the ‘Top 5 Democratic Tax Reform Proposals.’ By David Morse, Tax Policy Director The Coalition for a Prosperous America (CPA) believes corporate tax reform should stop discrimination against domestic companies versus…
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Editor’s note: The Tax Cuts and Jobs Act was supposed to increase investment by US multinationals here, but it instead increased investment by those companies in other countries. The reason seems to be that the act exempted the income of foreign subsidiaries from federal taxation. U.S.-based multinational companies devoted more capital investment money to foreign…
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Editor’s note: We agree the USMCA is likely to pass this year. CPA has taken no position as of yet. The USMCA improves upon NAFTA in certain important respects but does not address country of origin labeling for meat. Also the enforceability of labor provisions are not yet clear. Rep. Henry Cuellar (D-TX), the House…
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Editors note: The retrospective analysis on where we went wrong by engaging with China continues. For decades U.S. politicians and analysts told us economic growth in China would spur liberalism. Denying that fact could lead to more big mistakes. [Hal Brands | July 23, 2019 | Bloomberg] Did U.S. policymakers in the 1990s and 2000s really believe…
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