Why is Wall Street Still Investing in Blacklisted China Companies?
Commerce banned more Chinese defense contractors from buying American computer hardware, other high-tech goods. Why can Vanguard and State Street still invest in them?
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CPA to USTR: Don’t Allow Multinationals to Abuse China 301 Tariff Exclusion Process
WASHINGTON — The Coalition for a Prosperous America (CPA) called out rampant misrepresentation and abuse by companies seeking exclusions from the Section 301 tariffs against China in a letter to the Office of the United States Trade Representative (USTR). Multinationals that import Made in China merchandise filed two thirds of the exclusion requests shortly before…
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Job Quality Index Falls with Slow Job Growth and Sluggish Wages
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) fell slightly to 81.4 in November, down 0.85% from the previous month. The decline in the JQI was driven by the growth in low-wage jobs in the medical equipment manufacturing and motor vehicle dealership sector,…
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Forced Labor Issues Getting Watered Down by Democrats in Congress. Why?
A look at the three largest bills recently circulating in Washington, including the recently passed infrastructure law, and how they’ve gone soft on forced labor. The opportunity presented itself to take the issue more seriously than just another round of studies in each bill mentioned here.
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House Ways & Means Committee Blasts China’s Shein, De Minimis Rules, And TPP Makes a Comeback
At this week’s Trade Subcommittee hearing at House Ways & Means, talk of changing de minimis rules for goods bought on line; forced labor; and a few diehards bring up TPP.
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U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts
U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist Summary Points: The US held high tariff rates from 1816 until the middle of the 20th century The US then cut tariffs more than most countries, often unilaterally, without also requiring tariff reductions by others Today, the US has…
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“China Shock” Economists Try to Make the Profession See Reality
A new paper by the “China Shock” economists adds to the growing mountain of literature documenting the costs of free trade events to the U.S. economy over the past half century. Their new paper, On the Persistence of the China Shock, shows that increased unemployment, protracted withdrawal from the labor force, and other social ills…
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CPA Supports Democrats’ Effort to Reduce Multinational Profit Shifting and Exploitation of International Corporate Tax System
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement on provisions within the House-passed Build Back Better Act (H.R.5376) that seek to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. Specifically, the reforms in the legislation would change…
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China’s Technological Surveillance Going Global, Expert Witnesses Warn
Congressional-Executive Commission on China heard from four witnesses on November 17 discussing what China’s new tech companies means to the U.S. both in terms of business rivalries abroad, and creeping surveillance by the CCP.
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CPA: New Buy America Waiver Guidelines Bring Much-Needed Transparency
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the Made in America Office at the Office of Management and Budget (OMB) for unveiling a new Buy America waiver transparency process on Wednesday. Under this new guidance, the 24 largest federal agencies must enter proposed non-availability waivers into a digital portal on the…
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