Currency Misalignment Monitor, October 2023
The October Currency Misalignment Monitor shows that dollar overvaluation rose yet again last month, reaching 15.8% against the basket of 33 other currencies included in our model.
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Sens. Manchin, Barrasso Sound Alarm On IRA Failings Related To EVs, Natural Resources
The leaders of the Senate Energy and Natural Resources Committee grilled a government official on the EV batteries supply chain. From copper to EV battery minerals, the U.S. is way behind.
Is Foreign Ownership of U.S. Farmland & Agribusiness Becoming A Problem?
The Senate Agriculture Committee discusses foreign ownership and corporate concentration in America’s food supply. It’s getting worse, everyone agrees. Now what?
CPA Applauds Ambassador Tai for Confronting Mexico Over Violations of 2019 Steel Agreement
Mexico Agrees to Goal of Reinstating Export Monitoring Regime WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded United States Trade Representative (USTR) Katherine Tai for securing a commitment from Mexico’s Secretary of Economy Raquel Buenrostro to reinstate Mexico’s export monitoring regime. Export monitoring was previously used to ensure compliance with a 2019…
Washington Likely Reason For Ford’s Pause On CATL EV Battery Factory
China EV battery makers are the world’s largest. The U.S. has none. So China is getting new contracts to build EV plants, thanks to Inflation Reduction Act. Some in Washington do not want IRA benefits going to China.
If Companies Are Leaving China, Where Are They Going, And Why?
Dan Harris, international lawyer at Harris Bricken and founding author of the China Law Blog talks about companies leaving China. Are any coming here?
Former Senator Phil Gramm is Wrong on U.S. Trade Policy
By Bill Jones Former Senator Phil Gramm’s recent WSJ opinion article “Trump’s Trade War Was a Loser” gets many things wrong about U.S. trade policy. Concerningly, Mr. Gramm makes numerous statements, representations, and conclusions without supporting facts and documentation. While I respect Mr. Gramm’s service to our nation and his passion for promoting his views…
Repealing China’s Most Favored Nation Status Would Create 2 Million Jobs, Grow U.S. Economy by 1.75%
WASHINGTON — A new economic analysis by the Coalition for a Prosperous America (CPA) found that revoking China’s Most Favored Nation (MFN) status would result in the creation of 2 million new American jobs, increase real household incomes by $3,647, and increase real gross domestic product (GDP) by 1.75%. Earlier this month, CPA published a…
CPA: Ford Should Cancel Deal with China’s CATL
Congress Should Pass Legislation Prohibiting Chinese Companies from Receiving Inflation Reduction Act Tax Credits WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after Ford announced it would pause its deal with Chinese Communist Party (CCP) battery maker CATL. Ford’s partnership with the CCP-aligned battery maker has come under intense…
Removing China’s MFN Status Would Create 2 Million Jobs, Grow U.S. Economy by 1.75%
Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and the rebuilding of many critical manufacturing sectors. The removal of MFN (most favored nation) status for China would increase the tariff rate on imports from China from the current Column…