Editor’s note: This article shows how the elimination of country of origin labeling for meat caused American producers’ share of the grass fed cattle market to decline from 60% to 15% in just a few years. Last month, in a petition formally filed with the United States Department of Agriculture (USDA), two advocacy groups made a stunning…
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Editors note: Broadside view against globalism that quotes Michael Stumo, CEO of CPA, extensively. The city of Danville, Virginia sits in the bellybutton of the Blue Ridge Mountains, a hat-toss over the North Carolina border and about 85 miles northwest of Raleigh. It’s low hill country and Danville straddles the frothy, chocolate-milk waters of the…
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Tax Cuts Reach Six-Month Mark By David Morse, CPA Tax Policy Associate Director It’s been six months since President Trump signed the Tax Cuts and Jobs Act (TCJA). And the legislation has enjoyed a rosy afterglow, receiving credit for every bonus or capital expenditure. But tax analysts agree that it’s simply too early to see the…
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Last month the White House presented a 36-page outline of the U.S. position toward trade with China. White House National Trade Council and Office of Trade and Manufacturing Policy Director Peter Navarro delivers a presentation to discuss that report. Very well worth watching:
By Jason Cooper, CPA Research Assistant According to the latest US government report the US trade deficit in May was $43.1 billion, the smallest deficit since September of 2017. The smaller deficit was driven by a $3.7 billion increase in exports from April to May, with exports of $144.9 billion in May. Product categories showing…
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by Michael Stumo, CEO of CPA I was asked, after the US Trade Representative announced tariffs on another $200 billion of Chinese goods, whether I would admit that we are now in a trade war. Members of the CPA board asked me to share my response more widely. Here it is. —- Dear Bob: China…
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Zach Mottl, the owner of American manufacturing company Atlas Tool Works in Lyons, Illinois, is thanking President Trump for his recent tariffs on imported steel and aluminum. [John Binder | July 8, 2018 | Breitbart] In an interview with Fox Business, Mottl praised Trump’s tariffs on foreign countries and their imported steel and aluminum, saying the economic nationalist approach…
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Editor’s note: China’s currency depreciation of 6% is a tariff on $130B of US exports to China (2017 trade numbers) and a subsidy of 6% on $506B goods exports to the US. Compare this to the 25% tariffs on only $50B of imports from China which the administration just put into effect. Their “aggregate tariff” is $7.8B ($130B…
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Washington has been abuzz of late over President Trump’s moves to address continuing trade deficits with America’s global partners. And whether it’s tariffs on steel or high-tech goods from China, the battle has been seen as primarily a manufacturing issue. But there are compelling reasons to expect that the administration’s strong focus on trade policy…
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The World Trade Organization has failed at its mission and needs to shape up for the United States to stay a part of it, said former Trump trade advisor Dan DiMicco. [Michelle Fox | July 5, 2018 | CNBC] “If the WTO can’t be any more effective than it has been the last 20 years … then…
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