CPA Welcomes Biden Administration Action to Impose Capital Markets Sanctions on CCP’s SenseTime

WASHINGTON — The Coalition for a Prosperous America (CPA) today welcomed the action by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) to add China’s artificial intelligence company SenseTime to OFAC’s Non-SDN Chinese Military-Industrial Complex Companies List (NS-CMIC List) due to the company’s connection to the Chinese Communist Party’s human rights…

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CPA to USTR: Don’t Allow Multinationals to Abuse China 301 Tariff Exclusion Process

WASHINGTON — The Coalition for a Prosperous America (CPA) called out rampant misrepresentation and abuse by companies seeking exclusions from the Section 301 tariffs against China in a letter to the Office of the United States Trade Representative (USTR).  Multinationals that import Made in China merchandise filed two thirds of the exclusion requests shortly before…

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U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts

U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist   Summary Points: The US held high tariff rates from 1816 until the middle of the 20th century The US then cut tariffs more than most countries, often unilaterally, without also requiring tariff reductions by others Today, the US has…

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“China Shock” Economists Try to Make the Profession See Reality

A new paper by the “China Shock” economists adds to the growing mountain of literature documenting the costs of free trade events to the U.S. economy over the past half century.  Their new paper, On the Persistence of the China Shock, shows that increased unemployment, protracted withdrawal from the labor force, and other social ills…

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CPA Supports Democrats’ Effort to Reduce Multinational Profit Shifting and Exploitation of International Corporate Tax System

WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement on provisions within the House-passed Build Back Better Act (H.R.5376) that seek to resolve multinational tax avoidance that plagues the U.S. Treasury and puts U.S. domestic companies at a significant disadvantage to multinational competitors. Specifically, the reforms in the legislation would change…

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