Supports permanent tariffs on subsidized imports from China Washington. As the Trump administration considers potential cuts to the tariffs it has imposed on China since 2018, the Coalition for a Prosperous America (CPA) is making clear that the tariffs must continue. Not only have the tariffs reduced China’s exports to the US, but domestic producers…
The US has long provided measures of the quantity of jobs created, but not the quality of those jobs. Our new index (JQI) answers many important questions including why the Philips Curve is not working, why global trade and deindustrialization deteriorate the quality of the employment. Please join us! We’re pleased to announce the following…
By John R. Hansen, CPA Advisory Board Executive Summary America’s trade deficits, which are caused primarily by America’s overvalued dollar, are eroding the American Dream of sustainably growing and equitably shared prosperity for all. By making American goods too expensive to compete with foreign goods in domestic and export markets, the overvalued dollar kills jobs,…
Editors Note: 1. Need tariffs permanent. Lots of manufacturers investing now, but will get killed by Chinese if tariffs go away. 2. Tariff reduction reciprocity is fake reciprocity given the IP theft, economy wide subsidies via renmimbi printing, other trade barriers. We don’t have those barriers. Just like past unilateral trade disarmament, we reduce tariffs, they might…
Editors note: The US should be dominating the whole supply chain for electric cars. China has no problem strong arming foreign companies, yet we debate about it here. Beijing built the world’s largest EV market, then pressured foreign car makers to use its batteries [Trefor Moss | November 3, 2019 | WSJ] SHANGHAI—A little-known Chinese…
Editor’s note: China decoupling needs to happen. Richard Spencer says America is at risk of relying on China and Russia for warship parts [November 5, 2019 | Financial Times] The US navy secretary has warned that the “fragile” American supply chain for military warships means the Pentagon is at risk of having to rely on…
By Steven L. Byers, PhD, CPA Senior Economist The US trade deficit in goods and services for September 2019 fell 4.7 percent or $2.6 billion, to $52.5 billion, as imports declined more than exports. The September decrease is due to a $2.7 billion decrease in the goods deficit, to $71.7 billion, and a decrease in…
Editors note: Chinese owned Smithfield Foods shipping pork to China amidst Asian swine flu problems. SMITHFIELD, Virginia (Reuters) – Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources. [Tom…
Editor’s Note: Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Interview starts [19:35] Jeff’s thoughts on the current trade situation Jason Hartman begins today’s show discussing where the real growth in wages is happening. Fortunately it’s happening in the “real” economy, meaning those jobs that…
Editors note: Wall Street whines about tariff uncertainty. But the certainty we need is a policy to decouple from China. Then investments in production in the US will become even more attractive Anyone who says businesses can’t move supply chains is wrong. They moved them to China a few years ago. And they can move…