U.S. Monthly Trade Deficit Up 2.7% as Goods Gap Hits $183.2 Billion in Two Months
What the U.S. trade deficit for February is telling us about American supply chains, and dollar strength due to rising interest rates.
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U.S. Treasury Continues Undoing of Inflation Reduction Act
On Friday, March 31, the U.S. Treasury launched their latest torpedo targeting the Inflation Reduction Act’s domestic manufacturing policies. This time, it’s over what countries have a “free trade agreement” with the United States. This is actually universally understood fact: there are twenty countries. But to grow the list beyond the twenty, so as to…
Currency Misalignment Monitor, April 2023
New monthly index tracks currency misalignment based on latest market rates Dollar is 11.5% overvalued Japanese yen 29.4% undervalued Chinese yuan 19.8% undervalued CMM is a partnership between the Coalition for a Prosperous America (CPA) and the Blue Collar Dollar Institute (BCDI). Uncertainty about the state of the world economy has dominated foreign exchange markets…
House CCP Committee Hearings are ‘Must See’ TV for China Hawks. The Latest Episode.
A review of last week’s House Select Committee on the CCP. In the latest, the Uyghur Forced Labor Law, and how banned products are still sold here.
Katherine Tai Holds Ground on Free Trade, Market Access, in Senate Finance Hearing
Members of the Senate Finance Committee try convincing USTR Katherine Tai of the importance of free trade. She explains why, and where, that might not work.
Drug Shortages: Why They Happen, What Can Be Done About Them?
A Senate hearing on pharmaceutical shortages discusses America’s dependence on India and China, and what can be done to reshore.
Cornell Study Confirms: Importing Chinese Solar Exacerbates Climate Change
Boosting Domestic Solar Manufacturing Would Gut Greenhouse Gas Emissions by 30% WASHINGTON — A recent study by Cornell University researchers confirms that reshoring the solar supply chain and boosting domestic solar manufacturing would significantly cut greenhouse gas emissions by 30%. “If reshored PV manufacturing is achieved by 2035, the estimated GHG emissions and energy consumption…
Repealing China’s Most Favored Nation Status: What it Means for U.S. Manufacturers and Workers
Two bills circulating in the Senate want to repeal China’s Most Favored Nation trading status. CPA trade lawyer Charles Benoit explains what it means.
CPA Supports Hawley Bill to End Normal Trade Relations with China
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded legislation introduced by U.S. Senator Josh Hawley (R-MO) that would revoke China’s Most Favored Nation (MFN) tariff status. This is a critical first step to reduce our import dependency on China. Too many transnational enterprises continue to lean on China for sourcing for the…
Remembering Bill Parks
This tribute was originally published in Tax Notes on March 20, 2023. Bill Parks of Moscow, Idaho, was an American patriot in the best way possible. William Parks (known as Bill to everyone) died the evening of March 5 near Boise. Bill will be remembered for his passion for the natural world, the many people he impacted, and his…