CPA Statement on Tariff Deferral

We appreciate President Trump’s statement yesterday that he is NOT planning on deferring the collection of tariffs. We can no longer listen to the advice of the stateless multinationals.  American companies, including CPA members, are suffering from a crash in demand. This is not a recession caused by lack of cheap goods. It is caused…

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Chinese hackers attacked foreign health care, military, oil networks as coronavirus hit China

Editors note: the phase 1 US China agreement included measures two stop China’s hacking. Are they breaching? As the coronavirus epidemic reached crisis level in Wuhan, China, in January, a known group of state-backed cyber hackers launched attacks at healthcare companies and other key industries outside the country, according to cybersecurity company FireEye.   [Patrick Tucker…

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FORCED LABOR, TARIFFS, AND BUYBACKS

Editor’s note: Beth Baltzan explains how the law currently prevents importation of products made in whole or in part by forced labor.  We remember the Tariff Act of 1930 because it included the infamous Smoot-Hawley tariffs. But we should remember it for something much more important: it prohibited imports made with forced labor.  Back in the day,…

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Opinion | Beijing’s permanent bailout machine: Why China’s industries never fail

Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo Western economists often believe that China’s economy follows a rough approximation of America’s. But it doesn’t. How, for example, can China build massive overproduction in industry after industry — when there’s already too much being produced? And how can…

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