Are American Companies ‘Getting The Message’ About China Forced Labor?
The Congressional-Executive Committee on China says Temu, and even Nike, likely benefit from forced labor. Why the Uyghur Forced Labor law is vulnerable.
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How Big Is Washington’s Appetite For Expanding Market Access For Farmers?
The House Ways & Means Committee hears from farmers who still say that, despite free trade deals with Mexico and Canada, some products still blocked.
House Ways & Means Tackles Critical Minerals for Biden’s Post-Fossil Fuels Economy
The U.S. has passed laws promoting the use of electric vehicles and battery manufacturing. But where will all the raw materials come from?
America is Rediscovering its Recipe for Economic Success
The China challenge has caused America to search for the tools it once deployed so well. It’s time to learn from the past — and regain America’s mighty industrial self-sufficiency. Plenty of lobbyists and policymakers in Washington extol the virtues of the free market, but they often do so without regard to the national interest.…
CPA Applauds Rubio, Merkley Bipartisan Bill to Hold the CCP Accountable for Crimes in Xinjiang
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded U.S. Senators Marco Rubio (R-FL) and Jeff Merkley (D-OR) for introducing the Uyghur Genocide Accountability and Sanctions Act (UGASA). Senators Rubio and Merkley were the main sponsors, along with U.S. Representatives Chris Smith (R-NJ) and James P. McGovern (D-MA), of the Uyghur Forced Labor…
Government Incentives for Niche Sectors of Economy Leads to “Manufacturing Boom”
The recent spending on manufacturing facilities is almost entirely due to two pieces of legislation. That won’t be enough for a real, manufacturing boom.
Job Quality Index Rises as Hiring in Construction and Manufacturing Increases
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for May was 85.47, up 0.83% from April. The JQI reached its highest level in over a decade and has increased the last seven consecutive months after accounting for revisions to recent months. While job growth is slowing,…
May Trade Deficit Falls 7.3% to $68.9 Billion; China Deficit Drops 20%
The U.S. trade deficit remains on par to crack $1 trillion again. Meanwhile, a soft decoupling from China can be seen in the latest trade data.
Currency Misalignment Monitor, July 2023
Monthly index tracks currency misalignment based on latest market rates Dollar overvaluation rises to 14.8% against global currency basket from 14.3% last month Japanese yen undervaluation against U.S. dollar expands further to 45.7% Chinese yuan undervaluation against dollar rises to 25.0% CMM is a partnership between the Coalition for a Prosperous America (CPA) and the…
Pro-Growth Tariffs: Modified Economic Model Shows Domestic Growth
Economic models used to forecast the impact of international trade agreements have an in-built bias to favor free trade. This has led these models to underestimate repeatedly the damage done to U.S. manufacturing industry by trade agreements, dating back to NAFTA. The bias or rigidity in these models can be corrected by modifying some of…