By Kenneth Rapoza, CPA Industry Analyst From H&M to Heinz, companies are now on notice if they are sourcing from Xinjiang, home of the Uyghur Muslim detention facilities Beijing refers to as re-education centers. Disney might be okay with filming Mulan in Xinjiang, home to hundreds of thousands of Uyghur Muslims held in detention facilities…
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CPA’s Take: Good to see POTUS start to talk about decoupling from China. Ending federal contracts with companies who offshore is an important idea. President vows to end reliance on Beijing as he ratchets up anti-China rhetoric in re-election campaign [Brendan Greeley | September 7, 2020 | FT] Donald Trump raised the prospect of “decoupling”…
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It’s time to repatriate manufacturing and mining operations. For years, Wall Street enthused about the merits of shifting manufacturing out of the United States. Globalists on Wall Street advocated a simplistic worldview: It doesn’t matter where things are made, cheaper is better. But they overlooked the impact this would have on America’s economic and national…
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CPA’s Take: This move is necessary. The Chinese Communist Party should not profit from the slave labor in the Uighur concentration camps. The potential move, which could come as soon as Tuesday, comes amid reports of the use of forced labor in Xinjiang, where China has carried out a crackdown against mostly Muslim minorities. [Ana Swanson…
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CPA’s Take: The first two people mentioned as Biden trade advisors, Jennifer Hillman and Miriam Sapiro, are pro-globalists that don’t care where things are made. WASHINGTON/WILMINGTON, Del., Sept. 8 (Reuters) – Democratic presidential nominee Joe Biden is tapping some of the most experienced trade professionals in Washington to help chart a new course on trade if…
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The US economy gained nearly 1.4 million jobs in August, making it the fourth month in a row of over 1 million jobs added. The unemployment rate dropped to 8.4% as lockdown pressures are starting to wear off and the economy bounces back towards normal levels of output. The Private Sector Job Quality Index (JQI)…
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By Kenneth Rapoza, CPA Industry Analyst The US needs a “whole-of-government” approach to re-shore production if Americans are ever going to produce what we consume. The trade deficit hit $63.5 billion in July, its highest monthly total since July 2008 ($67.0 million), though much of the deterioration is due to continued lockdowns and demand suppression…
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By Kenneth Rapoza, Industry Analyst, CPA President Trump and many members of Congress are talking about reshoring pharmaceutical production. We look at the benefits of reshoring in health security, national security, and the economy. We also look at challenges to this objective, including the shortcomings in current Buy American and related legislation, the vague definitions…
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CPA’s Take: This is excellent. Finally, import competition is being accepted in agriculture as harmful to domestic producers. Washington, DC — The Office of the U.S. Trade Representative, the Department of Agriculture, and the Department of Commerce today released a report outlining the Trump Administration’s plan to address the threat posed by increased foreign imports to…
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By Kenneth Rapoza, Industry Analyst, CPA The latest Chinese company additions to the Commerce Department’s Entity List shows the growing influence of national security in the fight with China. The Chinese company that was made famous for its 2017 “X-6 Skywalker” drone was put on the Commerce Department’s Entity List on Wednesday along with 23…
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