Editor’s note: CPA’s Buy America Committee has been fighting to prevent the City of Chicago from using federal taxpayer money to buy rail cars from a Chinese government owned company. Several Democratic Senators are trying to prevent Washington DC Metro system from doing the same. Congress would approve 10 more years of critical federal funding…
Editors note: Another example of the fact that China does not intend on being a major buyer of US-made products. SHANGHAI (Reuters) – China plans to gamble on the bulk deployment of its untested “Hualong One” nuclear reactor, squeezing out foreign designs, as it resumes a long-delayed nuclear program aimed at meeting its clean energy…
Editors note: The trucking industry is a key indicator of economic strength. (Reuters) – At a truck stop in Ridgefield, New Jersey, driver Paul Richards reviews a notebook where he tracks miles driven and what he is hauling. His paycheck is down about 25 percent from the same period a year ago, and his weekly…
Editors note: China has long promised to cut steel production. It does not do so. Another example of their long line of broken promises. China Is Producing More Steel Than Ever [April 17, 2019 | Bloomberg News] China’s steel industry notched another production record in the first quarter, spurred by consumption in the infrastructure sector…
By Jeff Ferry, CPA Chief Economist The US trade deficit in goods and services for February was $49.4 billion, an improvement of 3.4 percent over the January figure of $51.1 billion, providing more evidence that tariffs are reducing the US deficit. That’s according to figures published today by the Department of Commerce. Equally significant, our…
Editor’s note: CPA’s position is that no deal is better than a bad deal with China. The US is likely better off with unilateral trade action instead of a compromise deal. China and others have a history of avoiding change even when they promised to change. WASHINGTON/BEIJING (Reuters) – U.S. negotiators have tempered demands that…
Editor’s note: Perry Hooper, author of this opinion article, is a CPA member. By Perry O. Hooper Jr.,Republican State Executive Committee Former State Representative Trade Deals Must be Free, Fair and Reciprocal “U.S. Reciprocal Trade Act” has a very simple premise, it would allow the president to impose the same tariff on a foreign import…
Editors note: CPA board member Burl Finkelstein is featured in this article on our trade conference last month in March. While trade tensions have left some companies feeling uneasy, especially those with a global footprint, others are applauding the Trump administration’s “America First” stance. And a contingent of those supporters gathered at the White House…
Editors note: Interesting article on How China restricts businesses from operating there. However, the US interest is getting more firms and employment in the US, not in China. What’s Missing From the U.S.-China Trade Deal [David Hoffman | April 11, 2019 | Bloomberg] The only way to truly change Chinese commercial behavior is to open…
By David Morse, Tax Policy Associate Director “There is not going to be a return to a golden age of tax, this is about change,” declared Will Morris, chair of the Business and Industry Advisory Committee to the OECD’s Committee on Taxation and Fiscal Policy. At the recent historic OECD public consultation meeting on taxing…