House Foreign Affairs Committee Spars Over China Export Controls

Another day, another hearing on China on Capitol Hill. The House Foreign Affairs Committee held a hearing on Feb. 28 titled “Combatting the Generational Challenge of CCP Aggression”, with the main topic members and witnesses from the State and Commerce departments being export controls. Lastly, “decoupling” was brought up by Chairman Michael McFaul (R-TX) and…

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…

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…

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…

CPA: Congress Should Oppose a Taiwan Free Trade Agreement

WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement calling on Congress to oppose a free trade agreement (FTA) with Taiwan. As The Wall Street Journal recently reported, “U.S. and Taiwan moved a step closer toward a bilateral trade and investment initiative.” However, an FTA with Taiwan would do little to…

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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

For Media Inquires, Please Contact Nick Iacovella, CPA Communications Director
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