[Stumo Note: China builds free plants for politically favored companies like Foxconn to build products to export to the US and other countries. Its one of many anti-competitive subsidies]. [By Lorraine Luk | Updated Oct. 23, 2014 | Wall Street Journal] HONG KONG—Foxconn, the company that assembles the bulk of the world’s iPhones, is in…
[Editors note: This article shows a glimpse of how China manipulates its value added tax (VAT) rebate system to incentivize exports in certain products. Chinese firms can sell at or below cost, and make money on the government VAT rebate check.] [by Annie Li | October 16, 2014 | Daily Media Report of the…
American Made Matters Day: A Call-to-Action for Consumers [by american | October 17, 2014 | americanmadematters.com] ADAMSTOWN, P.A. – American Made Matters, an organization dedicated to educating consumers on the importance of buying American-made products, is holding the 2nd annual American Made Matters Day on November 19th. The purpose of the event is for consumers…
Massachusetts is awarding a contract to build rail cars to CNR Changchun Railway Vehicles, a Chinese state-owned company, a subordinate of China CNR Corporation Ltd. The company will do final assembly of the cars in Massachusetts. [Reposted from the Campaign for America’s Future blog | Dave Johnson | October 23, 2014] This is the…
If Republicans win the Senate, President Obama risks another bruising recession if he doesn’t embrace compromise and abandon ineffective populist prescriptions. Slower growth in Europe and emerging markets like China and Brazil threaten U.S. exports and demand for American-made products. At home, stock market volatility threatens consumer confidence and sales of autos, new homes and…
We had a great event in San Diego, California last Thursday (10/16/14) called “Manufacturing in the Golden State”. Here is a quick synopsis as well as links to the presentations. California state Senator Mark Wyland and CPA produced this important manufacturing event. The speaker presentations are linked below. But I really want to thank our…
Europe faces yet another recession, and the prospect is shaking global financial markets. To eliminate the persistent threat of collapse, Europe must drop the euro, and Germany must abandon mercantilism. [by Peter Morici | October 20, 2014] When the euro was adopted in 1999, domestic prices, the face values for bonds and loans, and bank…
The bottom line is that it’s time for a more sophisticated and less black and white approach to trade, globalization and manufacturing. Only time will tell if Washington can get there. [by Robert Atkinson | October 10, 2014 | IndustryWeek] In the 2000s U.S. manufacturing output declined by about 11% (when measured properly) while jobs…
R-CALF United Stockgrowers of America “Fighting for the U.S. Cattle Producer” For Immediate Release: Contact: R-CALF USA CEO Bill BullardOctober 20, 2014 Phone: 406-252-2516; [email protected] International COOL Ruling Runs Afoul of U.S. Court Decisions Billings, Mont. – The much anticipated ruling by the World Trade Organization (WTO) regarding whether country of origin labeling (COOL) passes muster…
The country’s leading newspaper announced the latest in a string of measures that have pressured foreign companies. [by Scott Cendrowski | October 14, 2014 | Fortune] After a year and a half of investigations into foreign companies using the country’s young anti-monopoly law, Chinese regulators have announced a new method of targeting multinationals. An article…
