Editor’s note: Professor Pettis rebuts the recent, disappointingly bad, article by Joe Stiglitz. Also, on the core of trade deficit causation, Pettis again clarifies how our deficits originate in trade surplus countries – through their practices – and are transmitted here.Economist Joseph Stiglitz recently published an interesting piece in Project Syndicate called “The US is at Risk of Losing…
Editor’s note: Interesting article by President of MIT. His strategy of more university R&D, however, is silent on location of production. Otherwise its “invent it here, make it there”. Which later becomes “invent it there, too”. American tensions with China over international trade spring partly from concerns that China gives tax breaks to its companies…
Editor’s note: CPA member Eric Nelson appears in this CNBC news clip stating that the administration is right to challenge bad trade deals and change US trade policy. As farmers figure out how to absorb the shocks of global trade disputes, they’re not taking out their frustration on President Donald Trump. Since May, Trump’s approval rating…
Washington, DC – The Office of the United States Trade Representative (USTR) today released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technology and intellectual…
Renegotiation of NAFTA Should Address Beef, Cattle Issues Washington. The Coalition for a Prosperous America (CPA) today urged US Trade Representative (USTR) Robert Lighthizer to pursue country-of-origin labeling (COOL) issues in the renegotiation of the North American Free Trade Agreement (NAFTA). CPA believes that reinstatement of COOL labeling will help US consumers to find safer food…
Editor’s note. The media narrative is changing from “America is isolationist” to “America’s pushback is isolating China”. A few months ago, Xi Jinping seemed unstoppable. He’d just abolished presidential term limits and announced the most sweeping government overhaul in decades. Having hosted Donald Trump for a successful visit in November, Xi seemed to have prevented…
By David Morse, CPA Tax Policy Associate Director President Trump struck against the Koch Brothers and their network last week in a tweet stating: “They want to protect their companies outside the U.S. from being taxed, I’m for America First & the American Worker – a puppet for no one. Two nice guys with bad ideas.…
Editors note: this change of tone in China’s state media underscores our belief that the current trade intervention will go on for a long time, with moves and countermoves as our strategy continues. Cpa members need to Think about this as a transition to a new normal in the future, rather than something that will…
Editor’s note: Tariffs or not, Apple and other US MNCs had no future in China. President Xi’s commercial espionage business model and China 2025 preceded the tariffs and continues. Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face “anger…
Editors note. The pressure to do something about currency misalignment will continue to grow. Senator Graham needs to pivot from a focus on only manipulation to the dollar overvaluation problem. Sen. Lindsey Graham (R-SC) on Monday alleged that China was devaluing its currency to avoid the pain of U.S. tariffs and said he planned to…
