The Senate and House, with the backing of the White House, are working on bipartisan legislation to broaden the authority of the Committee on Foreign Investment in the U.S., a multi-agency body that has oversight of deals that could lead to the transfer of sensitive technology to rival countries. The current CFIUS statute doesn’t single out…
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At the beginning of the week, the President issued two Proclamations providing safeguard relief to the domestic solar cell industry and to the large residential washing machine industry. These Proclamations followed investigations by the U.S. International Trade Commission pursuant to section 201 of the Trade Act of 1974, as amended (19 U.S.C. 2251 et seq.),…
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For too long, America has been led by a naive embrace of free trade that overlooks the predatory behavior of our trade competitors. Widespread trade cheating and poorly designed trade deals have led to persistent U.S. trade deficits causing job losses, manufacturing decline and income stagnation. [Michael Stumo | January 24, 2018 | USA Today]…
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“Reprinted from Tax Notes, November 27, 2017” By Jeff Ferry, CPA Research Director The U.S. corporate income tax system is failing to deliver for the government and taxpayers. Receipts are falling steadily as a share of corporate profits as corporations exploit loopholes to shift profit out of the reach of the IRS. Sales factor…
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Over my two decades of writing about economics, I’ve devised a list of simple maxims that I’ve found generally hold true. One is that history repeats itself. If one country tumbled into a financial crisis, there is a very good chance another, facing similar conditions, will as well. A second rule: What doesn’t work, doesn’t work.…
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Tinkering with Interest Rates Will Not Make America’s Economy Great Again! By John R. Hansen, CPA Advisory Board In his New York Times article on January 9 (As Economy Strengthens, Fed Ponders New Approach), Mr. Appelbaum notes the rising dissatisfaction both outside and inside the Federal Reserve with America’s current monetary policy. For example, at the…
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Washington ~ The Coalition for a Prosperous America (CPA) applauds the Trump Administration’s decision yesterday to impose safeguard tariffs on imports of solar panels and clothes washers. “America invented solar cell technology,” said Michael Stumo, CEO of CPA. “But China stole that technology and has massively subsidized solar production for the purpose of dominating the…
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By Jeff Ferry, CPA Research Director Later this month, President Trump faces one of the biggest trade decisions of his presidency. By Jan. 26th, the president must decide whether to levy duties on solar cell and module imports, and what level those duties should be. The International Trade Commission (ITC) found in September that the…
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Most Americans understand what few in Washington seem to grasp — that the global economy is rigged against us. We open our market to countries and companies that game our trade laws and then fail to punish their bad behavior. That cheating is a big reason many Americans are so desperate for President Donald J.…
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The U.S. decision to support the terms of China’s accession to the World Trade Organization more than 20 years ago was a mistake, the Office of the U.S. Trade Representative says in its annual report on China’s compliance with its WTO commitments. [Jack Caporal | January 18. 2018 | Inside US Trade] The report blasts China…
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