Editor’s note: The Biden campaign released a plan to rebuild domestic manufacturing. There is recognition that we need to focus upon critical supply chains. However, there is no recognition thus far of the overall trade deficit, trade cheating and the need for tariffs. We are not going to out-subsidize China when looking to re-shore. Joe…
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Editors note: Why does Wall St keep pushing to support CCP companies? White House has to intervene again. Economic and security officials warned a federal fund against putting retirement savings in China at “a time of mounting uncertainty” for the relationship. [Ana Swanson | July 7, 2020 | NY Times] WASHINGTON — White House officials…
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In response to the ongoing impact of the COVID-19 pandemic, the Defense Department (DOD) and the U.S. International Development Finance Corporation (DFC) have launched a program to provide federal loans for domestic U.S. industry. The initiative will make available $100 million from COVID-19 relief funds to help reshore critical domestic manufacturing capacity. The funds being…
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Editor’s note: This is a good article getting at the fundamental causes of trade imbalances. China’s – and other countries’ – consumption suppression means they will export their overproduction and their unemployment. Trade officials are not doing their job if they don’t understand this. By suppressing consumption, China imposes a production glut on the world,…
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Editor’s Note: The US Department of Agriculture needs to buy American. Billings, Mont. – R-CALF USA has learned that the COVID-19 pandemic has disrupted foreign shipments of millions of radio frequency identification (RFID) cattle eartags the U.S. Department of Agriculture (USDA) had purchased from foreign manufacturers. The USDA had planned to distribute the millions of…
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Editor’s Note: Bill Parks sits on the CPA board of directors and is the founder of NRS Inc., an Idaho-based sporting goods manufacturer. Americans are undoubtedly frustrated with the double standard enjoyed by large multinational corporations. [Bill Parks | July 6, 2020 | InsideSources] Each year, these massive companies earn billions of dollars in profit from…
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Editor’s Note: CPA applauds unanimous congressional action to impose sanctions on China’s Communist regime for imposing its oppressive national security law on Hong Kong, in violation of the 1997 agreement to respect Hong Kong democracy. Bill now heads to President Trump; White House hasn’t indicated whether he supports legislation [Natalie Andrews | July 2, 2020…
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Washington. The US added 4.8 million non-farm jobs in June as the economy bounced back from the depths of the COVID crisis. Combined with the 2.7 million jobs added in May, the economy has now added back 7.5 million jobs in two months. However, total June employment of 142.2 million is still 14.7 million jobs…
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Editor’s Note: CPA member Roger Simmermaker has written five books on buying American and trade policy since 1996. Roger Simmermaker reveals source for housewares and kitchenwares [Roger Simmermaker | June 29, 2020 | WND] How long would you think an American company would need to be around for you to trust that they offered a quality…
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By Jeff Ferry, Chief Economist The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports. It’s the worst monthly trade deficit figure since December 2018. May exports of $144.5 billion were down 4.4 percent on the April figure, while imports of $199.1 billion were only…
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