Page 90 – Coalition For A Prosperous America

CPA Troubled by Congressional Investigation of Federal Retirement Thrift Investment Board Pension Decision

Press ReleaseBy Michael Stumo June 4, 2020

House Subcommittee ignores funding of sanctioned Chinese companies, overlooks violations of U.S. securities laws Washington. The Coalition for a Prosperous America (CPA) this week sent a letter to Rep. Gerald E. Connolly (D-VA) expressing concern over his investigation of a decision to withhold federal employees’ retirement money from Chinese companies. Connolly, the Chairman of the House…

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US Treasury FX report preview: Three and a half manipulators

ArchiveBy Michael Stumo June 4, 2020

Editors note: As these current crises ebb, we need to get the focus back on currency misalignment that will hamper our recovery. The Treasury is delaying its currency manipulation report, possibly on the back of new tensions with China – which might be labelled again despite not meeting the criteria. We estimate that Vietnam, Taiwan…

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China Phase One Trade Deal Looks Mighty Dead

ArchiveBy Michael Stumo June 4, 2020

Editor’s note: If the phase one deal is pronounced dead, China decoupling becomes even more likely. Remember the phase one trade deal that the Republican Senate really wanted President Trump to ink with China (or else no quick impeachment acquittal, some DC insiders have told me) — well, it’s on life support. [Kenneth Rapoza | June…

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Coronavirus Crisis Drives Collapse in April Trade, Deficit Worsens to $49 Billion

ArchiveBy Michael Stumo June 4, 2020

By Steven L. Byers, PhD and Jeff Ferry The coronavirus disrupted international trade and led to a collapse in US trade volume which makes it difficult or impossible to draw conclusions about underlying trends. That being said, the April data show that exports are down 28 percent from a year ago and imports down 22.4…

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Michael Stumo: Sen. Baldwin introduces legislation for safer online shopping

op-edBy Michael Stumo June 3, 2020

Excerpt: The new bill that Sen. Baldwin introduced, the Country of Origin Labeling Online Act (COOL), would mandate a prominent country-of-origin description for all products sold online. In the wake of the COVID-19 pandemic, Americans are increasingly seeking out “Made in USA” options. This is logical, since federal law mandates that food, medicine, toys, and…

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Now that the World Has Stopped… A Strategic Metal Can Help Us Start It Again

ArchiveBy Michael Stumo June 3, 2020

Editors note: America is too dependent upon China for critical minerals. CPA member American Manganese has a way to reduce that dependency in a cost-efficient and environmentally friendly way. “You cannot make steel without manganese. And if you cannot make steel – the world stops.” That’s the glass of cold-water quote from former BHP Billiton…

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GM’s former plant in Lordstown will return to mass vehicle production, thousands of jobs

ArchiveBy Michael Stumo June 2, 2020

Editor’s note: Great to see a few thousand workers planned for the reopening of this plant which will make electric pickups. Hopefully this will happen. Lordstown Motors CEO Steve Burns has bold plans to fill the 6.2-million-square-foot facility he bought from General Motors last year. [Jamie L. LaReau | May 22, 2020 | Detroit Free Press]…

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CPA’s New Manufacturing Reshoring Index Shows Strong Gains in 2019

Manufacturing, Reshoring Index, Working Papers - FeaturedBy Jeff Ferry June 1, 2020

CPA Working Paper By Stephen L. Byers PhD and Jeff Ferry Abstract The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods. The CPA Reshoring Index (CRI) measures the annual change in the share of US consumption…

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CPA Launches New Index to Track Reshoring of U.S. Manufacturing Base

Press ReleaseBy Michael Stumo June 1, 2020

First report shows strong reshoring growth in 2019 Washington. The Coalition for a Prosperous America (CPA) today launched its CPA Reshoring Index (CRI) to track the success of the U.S. manufacturing sector in meeting the demands of America’s home market. For 2019, the Index came in at 59, indicating that U.S. manufacturing production increased its…

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Grassley: Section 232 reform efforts have stalled, could be over

ArchiveBy Michael Stumo May 29, 2020

Editor’s note: Good. Leave section 232 alone. We don’t need Congress taking away tools that further national and economic security in trade. Efforts in Congress to reform Section 232 of the Trade Expansion Act of 1962 have stalled because Senate Finance Committee members could not agree on a way forward and too many Republicans were loath…

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