By Jeff Ferry, CPA Research Director Last week, Canadian authorities arrested the Chief Financial Officer of Huawei, Sabrina Meng Wanzhou. The US government alleges that she was involved in a plot to circumvent US sanctions on Iran by using a dummy company, secretly owned by Huawei, to sell networking equipment to Iran. Some of the…
Details
Editor’s note. The US China skirmish is really about whether our economic, military and geopolitical strength will be eroded. The massive technology theft is only one piece. Count the straws in the wind, and it looks like the trade tensions between the U.S. and China could be moving closer to a resolution. Don’t relax just yet,…
Details
Editor’s note: This article is posted because the UK’s trade deficit in goods was one reason voters approved Brexit last year. It parallels the trade deficit harm caused in the US. Excerpt: “One priority is a sustained effort to promote manufacturing, which provides well-paid jobs and is especially important in the Midlands, the north of England and Northern Ireland.…
Details
Editor’s note: Ralph Gomory, the author of this article, serves on the CPA Advisory Board. Trade is not working out for our country in the widely beneficial way that it can and should. This is happening because the focus of large American companies on stockholder gain as their only goal makes it possible for trade…
Details
Editor’s note. It is a win if companies move out of China, which uses predatory economic strategies to achieve larger global goals. It is a bigger win if the companies move to the US. GoPro announced on Monday that it plans to move “most of its US-bound camera production” out of China by summer 2019…
Details
By Jeff Ferry, CPA Research Director On Dec. 6th, the Tax Foundation published a brief document claiming that the tariffs implemented by the Trump administration earlier this year impose a $42 billion cost on Americans. The claim is wrong and based on misleading analysis, as a quick look at the facts and economic analysis of…
Details
Earlier this year, trade experts explained to two audiences in Seattle how workers should adjust to the global economy. Workers displaced by global competition could learn computer skills and move to Boston, San Francisco, and Seattle. [Stan Sorscher | December 7, 2018 | The Stand] One of the experts expressed disappointment at her failure in…
Details
Editor’s note: CPA board member Zach Mottl, Atlas Tool, appeared on Fox News to discuss China’s intellectual property theft, why they will not change, and why the administration is right to impose tariffs.
Editor’s note: CPA’s recent study on the positive impact of tariffs was covered in the Epoch Times. Despite many critics projecting that tariffs will push the U.S. economy into a recession, a newly released study predicts that the duties will promote job growth in the United States. [ NATHAN SU | December 4, 2018 | Epoch Times]…
Details
Non-competitive Dollar, Front-Running of Tariffs Drive Up October Deficit, Imports By Jeff Ferry, CPA Research Director The monthly US trade deficit rose by $0.9 billion in October, reaching $55.5 billion, as exports fell slightly while imports rose by $600 million. The monthly data suggests that tariffs have yet to impact the trade picture. Anecdotal evidence…
Details