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.
Senate Banking Committee Asks if Export Controls Against China are Working
A look inside the Feb 28 Senate hearing on China export controls, and the Banking Committee’s debate on how to best compete with the world’s No. 2 economy.
Senate Banking Committee Asks: Should China be Allowed to Buy U.S. Farmland?
Should China be allowed to buy U.S. farmland? What about agribusiness operations that are near military installments?
Bike Industry Imports Slumped in 2022; Still Hold 97% of U.S. Market
Bicycle imports slumped by 33% last year as American consumers cut back spending in the wake of the pandemic bike boom. Yet imports continue to dominate the U.S. market, with China as the largest source of imported bikes. Import market share rose slightly last year, reaching 97.8%, up from 97.5% in 2021. The U.S. bicycle…
CPA Annual Global Imbalances Report: U.S. remains the leading deficit country absorbing the surpluses of China, Japan and Germany
Key Points Global current account imbalances (consisting mostly of trade) increased in 2021, the most recent data available. As a percentage of world GDP, total imbalances reached 3.6%, equivalent to $3.3 trillion. Imbalances have worsened during the pandemic and the post-pandemic period, driven by rising goods trade flows, mainly from Asia to North America. Persistent…
Currency Misalignment Monitor, March 2023
New monthly index tracks currency misalignment based on latest market rates Dollar is 11.2% overvalued Japanese yen 27.7% undervalued Chinese yuan 18.9% undervalued CMM is a partnership between the Coalition for a Prosperous America (CPA) and the Blue Collar Dollar Institute (BCDI). Today we are launching our Currency Misalignment Monitor (CMM). The CMM uses the…
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…
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…
CPA Supports Bill to Hold Trade Evaders and Conspirators Liable in Civil Court
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced its strong support for bipartisan legislation introduced by U.S. Senators Thom Tillis (R-NC) and Sherrod Brown (D-OH). Their bill, the Fighting Trade Cheats Act of 2023, would strengthen U.S. trade law enforcement and also give domestic American manufacturers the ability to sue companies that…
Pro-Growth Tariffs: Estimates from CPA’s New Trade Model
By Jeff Ferry and Amanda Mayoral Can tariffs can be effective at raising domestic output and income? We introduce real-world factor supply elasticities to the standard Global Trade…
Bike Industry Imports Slumped in 2022; Still Hold 97% of U.S. Market
Bicycle imports slumped by 33% last year as American consumers cut back spending in the wake of the pandemic bike boom. Yet imports continue to dominate the U.S. market, with…
FEATURED MEMBERS
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In 2019 the U.S. trade deficit with China hit its lowest point in three years. This was in due to the trade policies enacted by the U.S. government that have been championed by CPA for years. CPA understands what policies are necessary to balance out trade defecit with foreign nations and grow our manufacturing base. I am proud to be a member of this strategic and tactical coalition.
Paul Wellborn, Wellborn Cabinet