Groundbreaking study quantifies economic costs of overvalued dollar Washington. A new study of the US economy from the Coalition for a Prosperous America (CPA) economics team shows that the US dollar is overvalued by 27 percent. Adjusting the dollar to a competitive level would yield large benefits to the economy, including an estimated $1 trillion in additional…
Editor’s note: The military competition with China continues. The Pentagon on Tuesday unveiled a new artificial intelligence strategy aimed at keeping pace and competing with Russian and Chinese technological advancements…. [Ellen Mitchell | February 12, 2019 | The Hill] “Other nations, particularly China and Russia, are making significant investments in AI for military purposes,” according to the…
By Jeff Ferry, CPA Chief Economist The solar power industry enjoyed a healthy 2018, with solar deployments rising 4.5 percent to 11.6 Gigawatts installed last year. That’s according to a new study, Sustainable Energy in America, published this week by Bloomberg New Energy Finance. The growth in solar deployments demonstrates that the Section 201 tariffs…
Editor’s note: CEO survey results are a shocker to the economists and the media who think tariffs are terrible. [Sebastian Pellejero | February 13, 2019 | Bloomberg] With the U.S. and China starting a fresh round of trade talks this week, a new survey showed more American executives see their businesses gaining from a potential…
Editors note: Senator Marco Rubio is doing a good job with this report calling attention to the fact that we lack a defense to China 2025. Restarting a legitimate debate on smart industrial strategy. The Happy-Meal-toy making days of China are long gone. They’re making robots there now. [Kenneth Rapoza | February 12, 2019 |…
Editor’s note: Agriculture Secretary Sonny Perdue comes from the globalist/multinational school of agriculture which supported failed free trade policies that have injured US agriculture for decades. President Trump signed an executive order directing the US Department of Agriculture to use every bit of legal authority it has to protect farmers and ranchers from China’s retaliation.…
Editor’s note: This article highlights substantial new plant investment which is resulting from the presidents’ tariffs. It is the story we don’t often read as the mainstream press cherry pick bad news to oppose an aggressive trade strategy. CPA’s research work is featured in this article. [Dale Buss | February 12, 2019 | Chief Executive]…
USDA failed to craft a strategy to protect farmers and ranchers Washington. Yesterday, Agriculture Secretary Sonny Perdue wrongly criticized the tariff actions imposed in 2018 by President Trump. In response, the Coalition for a Prosperous America (CPA)—whose members include many US agricultural producers—reaffirmed its support for the imposition of tariffs and is calling on the US Department of Agriculture…
Editor’s note: Michael Stumo is featured in this article criticizing proposed legislation that would make it harder for any president to use tariffs to protect national and economic security. [John Binder | February 10, 2019 |Breibart] An alliance between globalist donors and pundits, the big business lobby, and a handful of Republican lawmakers are uniting to…
Jeff Ferry, CPA Chief Economist, is featured in this Bloomberg article, Seven Fixes for American Capitalism in which he defends tariffs as pro-growth and pro-jobs. Excerpt: Tariff Truthers If there’s one thing most economists around the world today can agree on, it’s that tariffs are bad. Protect one domestic industry with an import tax, and you hurt a…