Excerpt: The CPA Reshoring Index (CRI) reports some good news—that the share of American-made manufacturing goods consumed in the U.S. market jumped significantly in 2019. But can the nation sustain that growth, particularly in the wake of the coronavirus epidemic? But can the nation sustain that growth, particularly in the wake of the coronavirus epidemic? [Jeff Ferry…
Details
Editors note: As these current crises ebb, we need to get the focus back on currency misalignment that will hamper our recovery. The Treasury is delaying its currency manipulation report, possibly on the back of new tensions with China – which might be labelled again despite not meeting the criteria. We estimate that Vietnam, Taiwan…
Details
By Steven L. Byers, PhD and Jeff Ferry The coronavirus disrupted international trade and led to a collapse in US trade volume which makes it difficult or impossible to draw conclusions about underlying trends. That being said, the April data show that exports are down 28 percent from a year ago and imports down 22.4…
Details
Editor’s note: If the phase one deal is pronounced dead, China decoupling becomes even more likely. Remember the phase one trade deal that the Republican Senate really wanted President Trump to ink with China (or else no quick impeachment acquittal, some DC insiders have told me) — well, it’s on life support. [Kenneth Rapoza | June…
Details
Excerpt: The new bill that Sen. Baldwin introduced, the Country of Origin Labeling Online Act (COOL), would mandate a prominent country-of-origin description for all products sold online. In the wake of the COVID-19 pandemic, Americans are increasingly seeking out “Made in USA” options. This is logical, since federal law mandates that food, medicine, toys, and…
Details
Editors note: America is too dependent upon China for critical minerals. CPA member American Manganese has a way to reduce that dependency in a cost-efficient and environmentally friendly way. “You cannot make steel without manganese. And if you cannot make steel – the world stops.” That’s the glass of cold-water quote from former BHP Billiton…
Details
Editor’s note: Great to see a few thousand workers planned for the reopening of this plant which will make electric pickups. Hopefully this will happen. Lordstown Motors CEO Steve Burns has bold plans to fill the 6.2-million-square-foot facility he bought from General Motors last year. [Jamie L. LaReau | May 22, 2020 | Detroit Free Press]…
Details
CPA Working Paper By Stephen L. Byers PhD and Jeff Ferry Abstract The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods. The CPA Reshoring Index (CRI) measures the annual change in the share of US consumption…
Details
First report shows strong reshoring growth in 2019 Washington. The Coalition for a Prosperous America (CPA) today launched its CPA Reshoring Index (CRI) to track the success of the U.S. manufacturing sector in meeting the demands of America’s home market. For 2019, the Index came in at 59, indicating that U.S. manufacturing production increased its…
Details
Editor’s Note: CPA chairman, Dan DiMicco discusses the re-domestication of American manufacturing with Steve Bannon. Dan’s interview starts at the 2:30 minute mark. Follow Dan on Twitter @DanRDimicco [Steve Bannon | May 28, 2020 | War Room Pandemic]
Details