By Ken Rapoza, CPA Industry Analyst Major pharmaceutical importers have pushed back against the White House’s proposal to support domestic labs. But on Thursday, American manufacturers got a break. We think there is more to come. If there really is a “new normal” spawned by the global coronavirus pandemic, it’s the localizing of critical supply…
CPA’s Take: Joe Biden responds to an NPR question on whether he will eliminate the Section 301 tariffs on Chinese goods In #nabjnahj2020 interview, Joe Biden tells Lulu Garcia-Navarro that Trump’s China tarriffs have been disastrous for business and farming. Watch the exchange here: [Lulu (@lourdesgnavarro) | August 5, 2020 | Tweeted] In our #nabjnahj2020 interview,…
CPA’s Take: China sees COVID recovery as an economic growth and jobs opportunity. America’s elected officials only think in terms of supply chain resiliency. Why are they not talking about the jobs opportunity? We are just not serious about fixing unemployment. For all practical intents, the United States is at war with China. This may…
By Ken Rapoza, CPA Industry Analyst The pandemic has curtailed exports and imports and today’s trade numbers showed a slight decline in the trade deficit. The June deficit came in at $50.7 billion, 7.5 percent better than the $54.8 billion deficit in May, based on the Bureau of Economic Analysis data. From January to June,…
CPA’s take: The re-layoff phenomenon needs to be considered as Congress deliberates on COVID relief. And you thought the second wave of the coronavirus was nasty. Before the second wave has even hit first wave hot spots like New York, a second wave of layoffs is coming. Thank you, lockdown gurus! [Kenneth Rapoza | August…
CPA’s take: Millions of people are at risk of being laid off once again after the PPP ends. The US needs to focus on COVID relief but also reassuring medical and other supply chains immediately so Americans have a chance at better jobs than the ones they left. Data as of August 1, 2020 at…
by Greg Owens | Co-Founder & CEO Sherrill Manufacturing/Liberty Tabletop | Co-Chair CPA Buy American Committee In the face of strong consumer sentiment to buy American, many brands, stores and online platforms are reacting by trying to hijack the brand. One of the impacts of the COVID-19 pandemic has been a sharp increase in American…
By Kenneth Rapoza The Senate Subcommittee on Security held a hearing on China this week. This is what we learned. Ladies and gentlemen, we have consensus. Senate Republicans and Democrats on the Subcommittee on Security’s China Challenge hearing chaired by Dan Sullivan (R-AK) all agreed on Thursday that the threat posed by the world’s No.…
By CPA Staff The Senate takes a stab at reforming the World Trade Organization. But is it even fixable anymore? Yesterday’s Senate Finance Committee hearing on reforming the World Trade Organization showed that leaving the beleaguered institution is not top of mind with them. Everyone seems keen on fixing what’s fixable, with significant doubts among…
Presses USTR Lighthizer to pursue broad reset of tariffs at WTO Washington. The Coalition for a Prosperous America (CPA) today sent a letter to U.S. Trade Representative Robert Lighthizer supporting a substantial renegotiation of bound tariffs set at the World Trade Organization (WTO). Specifically, CPA is urging Lighthizer to begin a GATT Article XXVIII process…
