Editors note: We are starting to get serious about re-shoring. WASHINGTON — U.S. government financing for projects to return critical supply chains to the United States as part of coronavirus response efforts could reach tens of billions of dollars and clients may include a projected $12 billion Taiwanese semiconductor plant, the head of the agency…
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Washington. The following statement can be attributed to Michael Stumo, CEO of the Coalition for a Prosperous America. “CPA is very disappointed with Speaker Pelosi’s actions to prevent a vote on WTO withdrawal today. The WTO agreement voted upon by Congress in 1994 provided for a guaranteed vote every five years in the House and the…
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Editor’s note: Marc Fasteau and Ian Fletcher are interviewed in this podcast relating to their recent article on the economic foundations of industrial policy. This podcast accompanies their recent article on the topic in Palladium magazine. Marc Fasteau and Ian Fletcher join Wolf Tivy to discuss the economic foundations of industrial policy, why manufacturing is…
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Editor’s note: This is good news. Trump’s leadership potentially sets the stage for a vigorous congressional debate over continued U.S. membership in the trade body. [Doug Palmer | June 23, 2020 | Politico] Critical context: A provision in the 1994 Uruguay Round Agreement Act, which approved U.S membership in the WTO, allows Congress to vote…
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Editor’s note: The major meatpackers in the US are foreign-owned, or they are stateless multinationals. Their warnings of meat shortages while exporting more to China are another reason that they shouldn’t be trusted. Senators Elizabeth Warren and Cory Booker questioned how companies could warn of pandemic shortages while exporting record amounts of pork to China.…
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Editor’s Note: Mike Dolan is a trade policy specialist and lobbyist for the International Brotherhood of Teamsters and is the CPA board of directors. Larry Willis, President of the Transportation Trades Department, AFL-CIO, spoke with America’s Work Force Radio Podcast on June 22 about the importance of the United States investing in its infrastructure. [Ed…
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Editors note: Ken Austin, a former treasury official, explains the intricacies of capital flows, exchange rates, and the trade deficit. Blame U.S. Policies – Starting With Tax Laws By Ken Austin For over 15 years, the United States has been locked in an escalating and seemingly endless trade war with political allies and adversaries. The…
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Editor’s Note: “Martin Wolf, in this article, reviews Pettis/Klein’s new book “Trade Wars are Class Wars”. It is an important book and even Wolf manages to get most of it right. The “trade wars” are not Trump tariffs but pre-existing trade imbalances. The imbalances are caused by engineered overproduction in relation to consumption in persistent…
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Editor’s note: Congressman Peter DeFazio is absolutely correct. It will take years to fully understand the impact COVID-19 has unleashed on our country, but one thing we know for certain is that the pandemic has exposed the dangerous and indefensible public health and national security threats of hyperglobalization. It has revealed the frightening truth that…
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Editor’s Note: George Boyd Jr. is the vice president of Goldens’ Foundry and Machine Company and a CPA member. They’re sold out everywhere. How complicated could it be to just make some more? Turns out, very. [ Alex Shultz | April 7, 2020 | GQ] It didn’t happen exactly this way, but it feels like it did:…
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