The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
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James Stuber \ June 6, 2021 \ The Gazette One significant result of the COVID-19 pandemic is that U.S. consumers have become more interested in buying American-made products. Recent polling shows that 40% of consumers will no longer buy anything made in China. This is good news for America’s manufacturers because the poll also found…
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Greg Owens \ June 7, 2021 \ Industry Week The COOL bill would mandate prominent disclosure of where a product is produced, for all online retailers. Amazon has been in the news of late due to concerns over its workplace conditions. But Americans now have another reason to be apprehensive about Amazon and other e-commerce…
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WASHINGTON — The Coalition for a Prosperous America (CPA) released a statement after the Finance Ministers and Central Bank Governors of the G7 economies announced that they support the Organization for Economic Cooperation and Development’s (OECD) efforts “to address the tax challenges arising from globalisation and the digitalisation of the economy and to adopt a…
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Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
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WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) fell slightly in May to 81.49, as more service sector workers earning less than the average weekly wage returned to work. The JQI is the ratio of high-quality jobs to low-quality jobs, based on whether…
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WASHINGTON — The Coalition for a Prosperous America (CPA) today released the following statement supporting the Biden administration’s changes to former President Donald Trump’s Executive Order 13959 that prohibited U.S. investments in Chinese firms listed on the U.S. Department of Defense list of companies supporting China’s military. The Biden administration’s changes to the Trump-era policy…
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The Center for American Progress just reminded Washington, and the Democrats, that protecting jobs is top of mind, not big trade deals.
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WASHINGTON — The Coalition for a Prosperous America (CPA) today released a new study of the CPA Reshoring Index (CRI) showing domestic manufacturers’ market share in the domestic U.S. manufactured goods market. The CRI rose slightly from 69.4 in 2019 to 69.6 in 2020, indicating domestic producers met only 69.6% of total U.S. demand for…
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Executive Summary The CPA Reshoring Index is the first and only measure of U.S. producers’ share of the U.S. domestic market for manufactured goods. It is calculated from federal government data on manufacturing production, imports, and exports. The Reshoring Index for 2020 shows that U.S. producers had a 69.6% share of the U.S. market with…
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