Chinese Intelligence Officers and Their Recruited Hackers and Insiders Conspired to Steal Sensitive Commercial Aviation and Technological Data for Years

ArchiveBy Michael StumoOctober 31, 2018

Editor’s note:  Even more Chinese commercial espionage. Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, October 30, 2018 Chinese intelligence officers and those working under their direction, which included hackers and co-opted company insiders, conducted or otherwise enabled repeated intrusions into private companies’ computer systems in the United States and abroad for…

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So far, the big trade war loser is China, not the US

ArchiveBy Michael StumoOctober 31, 2018

Excerpt: “The dirty secret of globalization-driven cheap-labor offshoring is that it has boosted profits by much more than it has lowered consumer prices. The claim is that consumers will be hurt, but in the first instance, it is likely that the huge profit margins of the offshoring firms get whittled down first. They’ll still make…

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U.S. to Restrict Chinese Chip Maker From Doing Business With American Firms

ArchiveBy Michael StumoOctober 31, 2018

Excerpt: “Jinhua poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States,” the Commerce Department said in a statement announcing the new restrictions. [Kate O’Keeffe | October 29, 2018 | WSJ] The U.S. has raised the stakes in a battle with Beijing over intellectual property…

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China Sets Official Yuan Rate at Weakest in a Decade

ArchiveBy Michael StumoOctober 30, 2018

Editor’s note: This news is very big. It brings the dollar overvaluation issue closer to the fore. The wrongheaded “strong dollar” stance of the US may soon give way to a competitive dollar position. China guided the yuan to its weakest official level in a decade on Tuesday—a move that could fuel expectations of a…

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U.S. Plans More China Tariffs If Trump-Xi Meeting Fails, Sources Say

ArchiveBy Michael StumoOctober 30, 2018

Editor’s note: CPA believes that in 2019 the US will impose tariffs on all Chinese imports. The US-China skirmish now goes beyond trade and intellectual property theft to a great powers rivalry. It is unlikely that Trump and Xi will come to an agreement. The U.S. is preparing to announce by early December tariffs on…

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CPA Op-Ed: Next, President Donald Trump Should Tackle America’s Overvalued Dollar

ArchiveBy Michael StumoOctober 29, 2018

President Trump’s decisive actions on trade with China are a long time in coming because U.S. manufacturers have struggled for years against heavily subsidized competition from China. Op-ed by Michael Stumo originally appeared in LifeZette on October 27, 2018 And whether it’s hefty industrial subsidies, currency undervaluation, intellectual property theft, or the dumping of steel…

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Trump’s tariffs flood Europe with cheap steel

ArchiveBy Michael StumoOctober 26, 2018

Excerpt: Backers of the administration’s trade policies say the turnabout is good news. “The U.S. had the job of eating global steel overcapacity for many years. [Trump’s] tariffs meant we quit that job. EU, Canada, and India now are candidates for that job. They don’t want that job. EU and Canada are now using measures to keep out…

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Bolsonaro’s anti-China rants have Beijing nervous about Brazil

ArchiveBy Michael StumoOctober 25, 2018

Editor’s note. America is far from the only country distrustful of China.  Excerpt. “The Chinese are not buying in Brazil. They are buying Brazil,” [presidential candidate] Bolsonaro has warned repeatedly. BRASILIA (Reuters) – The Chinese government is trying to make peace with Brazil’s leading presidential candidate, Jair Bolsonaro, whose China-bashing threatens to chill a profitable…

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How Trump Should Address Unfair Trade With China

ArchiveBy Michael StumoOctober 23, 2018

Editors note: CPA fully agrees that we must fix dollar overvaluation to fix the trade deficit. We disagree with our good friend Rob Scott on his assessment of tariffs, which are important for national security, to optimize the composition of trade and jobs and to fix foreign trade cheating. During the 2016 presidential campaign, Donald Trump cited my…

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China’s entrance into WTO cost U.S. 3.4 million jobs, new study finds

ArchiveBy Michael StumoOctober 23, 2018

Editor’s note:  Letting China into the World Trade Organization was a mistake.  The explosive growth in the U.S. trade deficit that came from China joining the World Trade Organization cost an estimated 3.4 million jobs, according to a new report released Tuesday. The study of the impact in the growth in the trade deficit between…

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