If there’s a trade war between the U.S. and China, don’t blame Donald Trump : China started it long before he became president. [Greg Ip | March 23, 2018 | WSJ] Even free traders and internationalists agree China’s predatory trade practices—which include forcing U.S. business to transfer valuable technology to Chinese firms and restricting access…
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Washington. The Coalition for a Prosperous America (CPA) strongly supports President Trump’s announcement of new efforts to defend the US economy against economic aggression from China. Specifically, President Trump will take three key steps that CPA views as crucial toward revitalizing America’s industrial strength: Impose tariffs on $50 billion of Chinese products manufactured through stolen technology…
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Statement by Daniel DiMicco (Chairman, Coalition for a Prosperous America) and Michael Stumo (CEO, Coalition for a Prosperous America): Our bipartisan coalition of manufacturing, agricultural and labor members strongly supports the president’s bold actions. Beijing has engaged in ‘economic aggression’ for more than 20 years and the largest IP theft in the history of the world economy. Government-owned firms have repeatedly hacked America’s leading…
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Trade Ambassador Robert Lighthizer is testifying before the Ways and Means Committee today. He is the sole witness. Here are his prepared remarks.
More Than 1,000 U.S. Civil Society Groups Demand an End to ISDS, the Addition of Strong Labor Standards & More in NAFTA Renegotiation [March 21, 2018 | CTC] Washington, D.C. — As U.S. Trade Representative Robert Lighthizer testified on trade policy at a Ways & Means Committee hearing this morning, a cross-sector group of more…
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Editorial note: WSJ editorial board finally, finally admits to China’s predatory trade. But tariff freak out still takes precedence. Proposes slow, ineffective, international bureaucrat action. The Trump Administration is expected to announce more tariffs as early as this week in an attempt to reduce China’s trade surplus with the U.S. While these taxes are a…
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A study conducted by the Coalition for Prosperous America found that President Donald Trump’s tariffs on aluminum and steel will add roughly 19,000 jobs. [SEAN MORAN | March 20, 2018 | Breitbart] The group found that Trump’s 25 percent tariff on steel imports and 10 percent tariff on aluminum will add roughly 19,000 jobs, offsetting potential jobs losses from…
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Wall Street’s hair is on fire about steel and aluminum tariffs imposed by President Trump, because closing mills and factories in the United States and moving them overseas is how investors enrich themselves. [Richard Trumka | March 20, 2018 | Washington Post] And those wealthy investors reap even fatter profits when offshore mills and factories violate trade…
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U.S. tariffs on aluminum and steel imports will add thousands of jobs at domestic producers, offsetting labor losses in other industries, while economic growth will slow by a tiny percentage, according to the Coalition for a Prosperous America. [Joe Deaux | March 20, 2018 | Bloomberg] The study is from the nonprofit organization, which has…
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Research finds slight decline in GDP, no job loss Washington. A new study from the Coalition for a Prosperous America (CPA) finds that the effects on the US economy of the recently announced Section 232 steel and aluminum tariffs would be nearly undetectable, with the net job impact approaching zero. Gross domestic product would decline by only eight one-thousandths of one…
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