By Kenneth Rapoza, CPA Industry Analyst The Bureau of Economic Analysis released its monthly trade figures on Tuesday, showing a declining trade deficit with China, and some other key trading partners over the course of the year. The goods trade deficit in August hit $83.9 billion, but on a year to date basis the goods…
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CPA’s Take: Today USTR Robert Lighthizer took the unusual step of issuing a statement on today’s monthly trade figures. Washington, DC – Ambassador Robert Lighthizer issued the following statement today concerning the August 2020 trade data released by the U.S.Department of Commerce: [FOR IMMEDIATE RELEASE | October 6, 2020 | USTR.gov] “The trade data released today…
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This Working Paper examines the impact of the proposed Market Access Charge (MAC) on international capital inflows into the US economy and the domestic US economy. We build a model including the relationships between US capital flows, the dollar exchange rate, US trade, and the US domestic economy. Our conclusion is that a 5% MAC…
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Fee on foreign transactions could make dollar more competitive Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the benefits of realigning the U.S. dollar. Currently overvalued by an estimated 27 percent, the U.S. dollar has become a serious impediment to U.S. export competitiveness. The CPA study found that a…
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By Kenneth Rapoza, CPA Industry Analyst The Office of Trade and Manufacturing Policy recently published a quick look at some of the ways the government has tried protecting US manufacturing jobs. The White House released its report on its Buy America track record on Friday, and as we approach an election, we are hopeful that…
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CPA’s Take: CivicaRX CEO Martin VanTrieste explains why it is essential, and achievable to reshore pharmaceutical production to the US. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices. [Martin Vantrieste…
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One of the consequences of President Clinton’s granting China Most Favored Nation status and allowing them to become a member of the World Trade Organization is that China took over production of consumer goods previously made in the USA. As a result, the consumer products you buy that are “Made in China” may be made by…
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The US economy gained 661,000 jobs in September, far below the 1.4 million jobs added in August as coronavirus restrictions continue to lift, but it was enough to take another bite out of the unemployment rate. September unemployment declined to 7.9% from 8.4% in August, the Bureau of Labor Statistics (BLS) reported today. The Private…
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By Kenneth Rapoza, CPA Industry Analyst A Senate Armed Services Committee hearing on Thursday highlighted the ways the Department of Defense is taking on China. In Thursday’s Senate Armed Services Committee hearing, chairman Dan Sullivan (R-AK) said what we all believe here at the Coalition for a Prosperous America, loud and clear, and he said…
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Boost to domestic mining will reduce dependence on China Washington. The Coalition for a Prosperous America (CPA) today praised the Trump administration for issuing an executive order to secure domestic U.S. sources of critical minerals, including rare earth metals. The order will task the Department of the Interior with developing a program to fund domestic…
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