Report: American Companies Are Leaving China

Editors note: COVID will cause the China decoupling trend to massively accelerate.    The coronavirus COVID-19 that originated in China may be the last straw that finally has triggered American companies to exit China. In the Global manufacturing consulting firm Kearney’s seventh annual Reshoring Index released on Tuesday, co-author Patrick Van den Bossche writes: [Hank…

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Williams-Sonoma, Inc. Settles with FTC, Agrees to Stop Making Overly Broad and Misleading ‘Made in USA’ Claims about Houseware and Furniture Products

Editors note: This is big because it’s the first time that the FTC has issued a financial penalty against a company for false “Made in USA” claims. Home products and kitchen wares company Williams-Sonoma Inc. has agreed to stop making false, misleading, or unsubstantiated claims that all of its Goldtouch Bakeware products, its Rejuvenation-branded products, and…

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Rep. Omar Leads Letter to CEOs, including Apple, Amazon, and Google, Condemning the Use of Forced Uyghur Labor in China

Editor’s note: There is bipartisan concern with imports of goods using forced labor, especially from China. US law bans such goods from being imported, but stateless multinationals ignore the law and Customs enforcement has not been strong.  WASHINGTON— Rep. Ilhan Omar (D-MN) led Members of Congress on a series of letters to the CEOs of American companies today,…

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Executive Order on Establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector

Editor’s note: President Trump has formalized the national security review of foreign companies seeking to participate in the US telecom sector. This was an informal Team Telecom committee before. The purpose is to block foreign owned telecom industry firms from doing business here, especially from China or Russia, for national security reasons. By the authority…

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Help for your COVID health bills

Editor’s note: We are reposting this press release by Rep. Kevin Brady because CPA members, and their families, with COVID related health bills may be able to benefit from the program described below.  UPDATE: The Trump Administration announced Friday they will be using a portion of funding from the bipartisan CARES Act to reimburse hospitals…

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