Editors note: Australia is pushing back against its Beijing overlords. Australia and other countries spar with Beijing over its handling of the pandemic [Rachel Pannett | May 14, 2020 | WSJ] SYDNEY—For years Australia tried to balance diplomatic concerns with China against the importance of their bilateral trade relationship. Now, the two countries are openly…
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Editor’s note: The WTO was designed to be one of several agencies in a future global govt. Instead it aided and abetted the hollowing out of the US economy and the legitimization of authoritarian state-capitalism. “What’s good for the global economy” replaced “what’s good for America” as the guiding principle for Washington’s trade negotiators, diplomats, and…
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Editors note: Japan’s new rules require that foreign investors must notify their finance ministry before buying one percent of many companies. This will help their national security but it will also drive down the already-undervalued yen so their exports are even more competitive. Activists wary after finance ministry names stocks covered by law on foreign…
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Federal employees’ retirement funds will not be invested in Chinese stocks Washington. The Coalition for a Prosperous America (CPA) today applauded the Federal Retirement Thrift Investment Board for its decision not to invest government employees’ retirement money in companies based in China. CPA had actively urged the Trump administration to stop the Board’s plan to…
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Editor’s note: Sen. Rick Scott is pretty aggressive here. Don’t buy from China at all, he says. Buy American for jobs. Sen. Rick Scott is calling on people living in the United States to stop buying Chinese-made products in retaliation against the country’s communist government. [Mica Soellner | May 12, 2020 | Washington Examiner] The Florida…
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Editor’s note: The US needs to do this. Now. 40% of generic-drug makers warn that supply chains could fail in six months [Hiromitsu Goto | May 12, 2020 | Nikkei Asian Review] TOKYO — As the coronavirus pandemic brings Japan’s dependence on imported medical supplies to the fore, the government has started working with more than 400 domestic…
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Legislation would help consumers identify safe, American-made products Washington. The Coalition for a Prosperous America (CPA) today praised the introduction of new, bipartisan country-of-origin labeling legislation by Sens. Tammy Baldwin (D-WI), Rick Scott (R-FL), Chris Murphy (D-CT), and Kelly Loeffler (R-GA). The new bill, the ‘Country of Origin Labeling Online Act’ (COOL), would mandate that…
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Editor’s note: CPA is proud to support this much needed law to require that goods sold online are clearly marked as to country of origin. Americans are more motivated than usual to buy USA made products. This is important for post-COVID recovery as well. The COOL Online Act updates our labeling laws for the online…
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Editor’s note: The US Trade Ambassador lays out the “Lighthizer Doctrine”. Which is much different than the views of his predecessors. The pandemic, and Trump’s trade policy, are accelerating a trend to bring manufacturing back to America. [Robert E. Lighthizer | May 11, 2020 | NY Times] Some say crises don’t so much alter the…
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Editor’s Note: Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo. Manufacturers are stepping up during the pandemic—now it’s time for Congress to get trade policy right. [Michael Stumo | May 11, 2020 | Industry Week] As the tragic toll of the COVID-19 pandemic continues to rise, the United…
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