Excerpt. “There is no way that the impact of these tariffs will be that substantial on the average American consumer.” says former CEO of Toys ‘R’ Us. Trade tensions are targeting consumers with the new planned tariffs on $300-billion worth of Chinese-made products. Some companies are concerned the tariffs might hit U.S. consumers harder than…
Editors’ note: This is an important and clear article by respected journalist Matthew Klein supporting the Baldwin/Hawley Competitive Dollar for Jobs and Prosperity Act. However, CPA does not want to “forget tariffs” because they are essential to address trade cheating, to conduct industrial policy to improve the composition of trade, and to address bad actor…
CPA also adds financial economist and real estate developer David Lynn Washington. The Coalition for a Prosperous America (CPA) continues to expand its leadership capacity as it advocates for new, national trade and economic policies. The group is proud to welcome two new members to its advisory board: Stephen Vaughn, who recently served as General…
Editors note: This article shows how the Chinese yuan is manipulated every day. Commentators who discuss which direction the yuan would go in a free market are not fully informed because the free market is not relevant to its exchange rate. The U.S. accused China of manipulating its currency after the yuan tumbled to an…
By David J. Lynn, Ph.D. China has become increasingly integrated into America’s economy with a wide range of industrial and consumer goods being imported from China including electronics, clothing, furniture, drugs, food products, machinery and many high-technology components that are essential for our national defense. In fact, in the US, it is virtually impossible to avoid…
Editors note: The soft-pedaling of human rights abuses in China by several administrations and Wall Street should become the next big outrage. They have pretended that a country that kills, detains, harvests organs from and otherwise abuses large ethnic and politically dissenting portions of its population, like Uighur Muslims in concentration camps, is a normal…
Editors note: Managing the dollar exchange rate continues to gain credibility. President Trump has made no secret of his frustration that the United States dollar has strengthened against other currencies. [Matt Phillips | August 5, 2019 | The NY Times] The trade war between Washington and Beijing took an unexpected turn this week as China let…
Editor’s note: CPA’s idea of managing capital flows as probably the only way to achieve a trade balance is gaining traction from new sources. The author is sloppy and incorrect in his tariff analysis. The US needs to use tariffs and manage the dollar, not just one or the other. They are different tools for…
Editors note: The Chinese way. Concealing actions and intentions. “China ‘has not used and will not use the exchange rate as a tool to deal with trade disputes,’ the PBOC said in a statement on its website.” BEIJING/SHANGHAI (Reuters) – China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator…
Currency designation will initiate consultations on trade barriers Washington. The Coalition for a Prosperous America (CPA) today strongly praised the Trump administration for formally designating China as a “currency manipulator.” US manufacturers have long complained about Beijing’s currency manipulation, which has made Chinese exports artificially cheap in the US market. This is the first time…