CPA’s Take: CPA supports efforts to remove Chinese stocks from the US stock market because they do not let us access their audited financial records. It is ridiculous that it has gone on this long. The spotlight fell on Chinese investments held by U.S. colleges this week as the White House looks to untangle the intricate…
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CPA’s Take: The battle within the Biden campaign on trade between the Wall Street globalists and the fair traders is real. The former vice president is eager to de-emphasize trade, but that could leave tensions with allies and progressive Democrats to boil over. [Gavin Bade | August 20, 2020 | Politico] “Trump is going to…
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By Kenneth Rapoza, Industry Analyst, CPA Joe Biden’s trade team has the right ideas on China. Here are some standouts we note in his Made in All of America trade policy. We are pleased to see that Joe Biden has come to grips with the fact that China is a problem for U.S. manufacturing and…
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CPA’s Take: Very bad! The IMF has failed to stop currency manipulation. The US has acted with a modest regulation that defines when we can countervail foreign currency manipulation. Now the IMF is outrageously trying to stop that very modest regulation from being utilized. The US needs to go further and realign our overvalued dollar…
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By Kenneth Rapoza, Industry Analyst, CPA Washing machine prices rose in 2018 and we are all reminded that tariffs are to blame. But they’ve been coming down ever since, inflation data shows. When President Trump put 20 percent tariffs on imported washing machines in 2018, there were howls of anguish from free-trade economists. They attacked…
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CPA’s Take: When Kamala Harris was running for president, this is what she said about trade. Democratic candidate for President; California Senator [December 15, 2019 | On the Issues] Export American products, not American jobs Q: How would your trade policy differ from President Obama’s? HARRIS: My trade policy, under a Harris administration, is always…
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Editor’s Note: CPA submitted testimony to the Senate Finance Committee relating to WTO reform. Our testimony points out the fundamental flaws in the WTO, suggests reform measures, and asserts that the US must be prepared to withdraw to maximize negotiating leverage. As this Committee looks to whether the WTO can be reformed to address twenty-first century…
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By Jeff Ferry, CPA Chief Economist Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which violated Ottawa’s USMCA promise to avoid increased imports. According to the August 6th presidential proclamation, “Imports of non-alloyed unwrought aluminum from Canada during June 2019 through May 2020 increased 87 percent…
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CPA’s Take: The president eliminated 232 tariffs on Canada for aluminum imports when signing the US MCA. Canada then wrongly thought it could get away with a renewed surge of imports. WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with…
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CPA’s Take: This article reveals the myriad ways the US has substituted myths and self-blame for recognition of the geopolitical threat of China. Slowly but steadily they build up their economic, military, and technological superiority at our expense [Victor Davis Hanson | May 14, 2019 | National Review] The Chinese Communist government does not have…
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