CPA’s take: This is a very good quote from Attorney General Barr. “The ultimate ambition of China’s rulers isn’t to trade with the United States. It is to raid the United States. If you are an American business leader, appeasing [China] may bring short-term rewards. But in the end, [China’s] goal is to replace you.” US…
Details
CPA’s take: This well-written article explains why dollar hegemony and overvaluation is bad for US productivity and working-class people around the world. The global dollar system has few national winners. In the typical frame, understanding the US dollar means understanding the “exorbitant privilege” it confers on America. But the role of the dollar in structuring…
Details
Washington. The Coalition for a Prosperous America (CPA) has added two new staffers to its executive team. The new hires—Trade Counsel Charles Benoit and Industry Analyst Kenneth Rapoza—will help CPA improve its advocacy for domestic industry at a time when Americans are increasingly turning away from products made in China. “CPA has made great strides…
Details
CPA’s take: A good rundown on the recently sanctioned Chinese companies by Ken Rapoza. Another week, another round of sanctions against Chinese entities no one in the U.S. has heard of, but they have surely worn their T-shirts, opened their refrigerators, bought their yarn at Joann’s Fabrics & Crafts, or sat in a New York subway…
Details
CPA’s note: Jeff Ferry is Chief Economist at the Coalition for a Prosperous America, a bipartisan coalition of business, labor, and farmers focused on restoring US prosperity. Follow him at @menloferry. President Trump is running behind his Democratic challenger in the polls. However, past polling has been badly wrong — we need only look as far…
Details
CPA’s take: Peterson Institute received $400K+ funding from Huawei Peterson Institute for International Economics works with regime officials to rebut China criticism [Yuichiro Kakutani | July 21, 2020 | Washington Free Bacon] A prominent U.S. think tank that received hundreds of thousands of dollars from Huawei has repeatedly given senior Chinese officials a megaphone to rail…
Details
The AFL-CIO, USW, and 19 other groups released a joint statement on bringing PPE manufacturing back to the States. On July 20, a coalition of 21 groups asked the U.S. government to support efforts to invest in domestic production of PPE, or personal protection equipment. The coalition included several manufacturing trade groups and unions, including…
Details
Editor’s Note: Don Buckner has been a CPA member since 2019. Problem: We are at war and we don’t even know it. by MadeinAmerica.com The old saying: He who owns the Gold makes the rules. The United States has completely lost its sovereignty through the transfer of wealth to other nations, this is due to…
Details
CPA’s take: More evidence that waiting for our “allies” before we act to address the China issue is lazy thinking. Thanks to the pandemic, American businesses have come to learn that sourcing nearly everything from China is a bad idea. The vast majority of them are looking to source elsewhere post-pandemic, while their European counterparts…
Details
Editor’s Note: The business press is starting to turn its attention to the fact that China decoupling will happen. It’ll take work for corporate America to set up new supply chains and develop new consumers, but then again, the Chinese market took work, too. [Michael Schuman | July 14, 2020 | Bloomberg] China was supposed to…
Details