Taking on China in this Cold War: An 11 Step Plan

Excerpt. “We must disentangle our supply chain today so that China cannot use economics to leverage better military or geopolitical outcomes.” With President Trump recognizing the 75th anniversary of D-Day in Europe this week, I found myself wondering how the historic giant of that era, Winston Churchill, would view the present day, particularly the West’s…

Details

CPA Op-ed: Reliance on foreign mines an environmental and national security risk

Excerpt: “less than half of the minerals used by America’s manufacturers are actually sourced domestically” Americans recently woke up to the news that China is threatening to cut off supplies of “rare earth” metals to the United States. It’s a troubling situation. But such alarming headlines could finally motivate Washington to rectify a longstanding problem…

Details

You Can’t Trust a Chinese Audit

Editor’s note: CPA has endorsed the EQUITABLE Act discussed by Senator Rubio in this op-ed. A new bill would ensure that U.S.-listed companies comply with American financial reporting rules. [Marco Rubio | June 4, 2019 | WSJ] Two decades after its accession to the World Trade Organization, China still uses its intertwined public and private…

Details

Tax Changes May be Afoot for Multinational Entities

By David Morse, Tax Policy Associate Director Law 360 reported this week that US Treasury officials believe multinational companies should anticipate new formulas as a part of future taxation. This is good news for companies producing in America who are tired of paying higher tax rates than many multinational enterprises (MNE). The Organization for Economic Cooperation…

Details

CPA Briefing Paper: Why Economic Forecasts of the Effects of Trade Action Are Consistently Wrong

Jeff Ferry, Chief Economist Steven Byers Ph.D., Senior Economist June 2019 This Briefing Paper looks at the shortcomings of economic models of trade action, their causes, and modifications to improve the accuracy of these forecasting models. Executive Summary From the adoption of NAFTA in 1994, through the Trump administration’s 2018 tariffs, economic forecasts have consistently…

Details

Press Release: CPA Endorses Rubio’s EQUITABLE Act as Safeguard for US Investors

Legislation would block unaudited and state-influenced foreign companies from US capital markets Washington. The Coalition for a Prosperous America (CPA) today endorsed the introduction of the EQUITABLE Act (“Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges”). The bill, co-sponsored by Sens. Marco Rubio (R-FL), Bob Menendez (D-NJ), Tom Cotton (R-AR) and Kirsten Gillibrand…

Details

Congress Must Strengthen Buy America Act

Excerpt: “Congress must act to strengthen the Buy American Act, not weaken it, eliminate the incentives for offshoring, and provide incentives for bringing manufacturing back to America.” The Buy American Act was passed by Congress in 1933. It required the U.S. government to give preferential treatment to American producers in awarding of federal contracts. The Act…

Details