WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding a report by the U.S. International Trade Commission (USITC) analyzing the effects of Section 232 and Section 301 tariffs on more than $300 billion of U.S. imports. The USITC report found that the tariffs reduced imports from China, effectively stimulated more…
House China Committee talks China. No war talk. But plenty of worry. What was said at the first ever hearing, one of Capitol Hill’s best hearings this year.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) edged up by a tiny 0.016% in January to 84.11 as high-quality and low-quality jobs each rose in the month. Hospital jobs rose by 12,000 to 4.821 million while full-service restaurant employment rose by 31,000…
Key Points Global current account imbalances (consisting mostly of trade) increased in 2021, the most recent data available. As a percentage of world GDP, total imbalances reached 3.6%, equivalent to $3.3 trillion. Imbalances have worsened during the pandemic and the post-pandemic period, driven by rising goods trade flows, mainly from Asia to North America. Persistent…
America needs to be prepared for the next health crisis WASHINGTON — The Coalition for a Prosperous America (CPA) urged the U.S. Trade Representative (USTR) Katherine Tai to reimpose tariffs on imports of personal protective equipment (PPE). Specifically, CPA opposes the continuation of COVID-related exclusions for 81 medical care products. In a submission to Ambassador…
A look inside the Feb 28 Senate hearing on China export controls, and the Banking Committee’s debate on how to best compete with the world’s No. 2 economy.
Should China be allowed to buy U.S. farmland? What about agribusiness operations that are near military installments?
Another day, another hearing on China on Capitol Hill. The House Foreign Affairs Committee held a hearing on Feb. 28 titled “Combatting the Generational Challenge of CCP Aggression”, with the main topic members and witnesses from the State and Commerce departments being export controls. Lastly, “decoupling” was brought up by Chairman Michael McFaul (R-TX) and…
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced the launch of the Currency Misalignment Monitor (CMM), a new monthly index that tracks the misalignment of global currencies, including the dollar, in relation to the levels needed to balance global trade. The CMM uses the latest available data to estimate the level of…
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.