For years the Chinese government has evaded America’s technology-transfer safeguards and been allowed to vacuum up military-applicable technologies from U.S. companies. The Chinese have perfected the weaponization of investment as a legal means to achieve this massive transfer of dual-use technology, bolstering China’s military modernization. If the U.S. loses its military-technology advantage over China and…
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Members of the Coalition for a Prosperous America (CPA) visited more than 100 House and Senate offices in the nation’s capital this week to sound an alarm: America’s massive, growing trade deficit is killing jobs, harming communities, and stifling economic growth. In a two-day blitz, CPA members left their mark on Capitol hill, urging Members…
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By Jeff Ferry, CPA Research Director SolarWorld Americas is ramping production of solar cells at its Hillsboro, Oregon facility. CEO Juergen Stein tells us that the company is aiming to add another 300 employees before year’s end, which would bring its total US workforce to 600 people. “We are already hiring,” Stein said. “We are…
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These 107 free trade Republicans sent a letter to President Trump opposing his steel and aluminum tariffs. https://reichertforms.house.gov/uploadedfiles/233_letter_to_potus.pdf
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(March 9, 2018) — The recent tariffs on steel and aluminum have been characterized as trade war. This is weird, because countries often enforce trade rules with targeted tariffs and sanctions, and markets adjust. What’s the real issue? [Stan Sorscher | March 9, 2018 | The Stand] In the orthodoxy of free trade, tariffs are…
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Commerce Secretary Wilbur Ross says tariffs will be good for the American steel industry—just as they were for Mr. Ross himself during his business career. [Ted Mann, Bob Tita and Maureen Farrell | March 8, 2018 | WSJ] Profiting from such protectionist measures was a trademark of some of the biggest deals in Mr. Ross’s rise as an investor specializing…
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WASHINGTON—For Peter Navarro, President Donald Trump’s trade guru, it’s been quite a turnaround. [Bob Davis | March 8, 2018 | WSJ] Last spring, he was running the White House’s Office of Trade and Manufacturing Policy, an impressive-sounding group that consisted of himself and an aide in a single room in a building across the alley…
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Washington ~ The Coalition for a Prosperous America (CPA) strongly supports President Trump’s decision to ensure that America’s ability to produce steel and aluminum are sufficient for our national security. Previous U.S. government measures taken by previous presidents since Ronald Reagan were too narrow to prevent industry decline which endangers American interests. “President Trump, Secretary…
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You don’t have to know David Ricardo from Ricky Ricardo to understand the problems with President Trump’s approach to fixing America’s trade woes. [ Spencer Jakab | March 5, 2018 | WSJ] But a seemingly unrelated news item on Monday shows what is being ignored in the debate over Mr. Trump’s tariffs: The U.S. trade balance may be much worse…
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Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed. [Justin Sink, Dakin Campbell, and Shannon Pettypiece | March 6, 2018 | Bloomberg] “It has been an honor to serve my country and enact pro-growth economic policies…
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