CPA Op-ed: Beijing started this trade conflict; Trump intends to finish it

This post was originally published on this siteExcerpt: China’s leaders simply reneged on an initial commitment to start opening their markets and to halt such aggressive practices as IP theft, hacking and forced technology transfer. There’s an important point to remember in the current U.S.-China trade conflict: Beijing started it. For the past 20 years, China has been … Read moreCPA Op-ed: Beijing started this trade conflict; Trump intends to finish it

Fixing TCJA starts with getting multinationals to pay their fair share

This post was originally published on this siteExcerpt: “Essentially, this comes down to fairness. In 2018, 60 Fortune 500 companies paid no taxes on a total of $79 billion in profits. That means multinational entities are still managing to avoid paying the taxes that domestic companies continue to shoulder.” It’s been a year-and-a-half since the Tax Cuts … Read moreFixing TCJA starts with getting multinationals to pay their fair share

CPA Op-ed: Reliance on foreign mines an environmental and national security risk

This post was originally published on this siteExcerpt: “less than half of the minerals used by America’s manufacturers are actually sourced domestically” Americans recently woke up to the news that China is threatening to cut off supplies of “rare earth” metals to the United States. It’s a troubling situation. But such alarming headlines could finally … Read moreCPA Op-ed: Reliance on foreign mines an environmental and national security risk

Press Release: CPA Endorses Rubio’s EQUITABLE Act as Safeguard for US Investors

This post was originally published on this siteLegislation would block unaudited and state-influenced foreign companies from US capital markets Washington. The Coalition for a Prosperous America (CPA) today endorsed the introduction of the EQUITABLE Act (“Ensuring Quality Information and Transparency for Abroad-Based Listings on our Exchanges”). The bill, co-sponsored by Sens. Marco Rubio (R-FL), Bob Menendez … Read morePress Release: CPA Endorses Rubio’s EQUITABLE Act as Safeguard for US Investors

CPA Op-ed: Treasury overlooks the true culprit behind US dollar strength

This post was originally published on this siteExcerpt: U.S. products became globally competitive, and the U.S. trade deficit shrank. In 1988, Congress passed a law requiring the Treasury Department to issue twice-yearly reports identifying countries that manipulate their currencies After a long delay, the Treasury Department just released its latest semi-annual report on global currency exchange policies. The … Read moreCPA Op-ed: Treasury overlooks the true culprit behind US dollar strength

Press Mention: Experts warn US dependence on China for medicine is national security threat

This post was originally published on this siteEditors note: CPA member Rosemary Gibson, author of “China Rx”, does a great job on Fox News explaining the national security implications of our reliance on China for medicines. Federal Drug Administration statistics show at least 80 percent of the active ingredients found in America’s pharmaceuticals come primarily … Read morePress Mention: Experts warn US dependence on China for medicine is national security threat

Press Mention: Huawei’s Yearslong Rise Is Littered With Accusations of Theft and Dubious Ethics

This post was originally published on this siteExcerpt: “Fear of making waves also led senior management at Sunnyvale, Calif.-based optical networking firm Infinera Corp. to pull back from a plan to file a trade case seeking U.S. tariffs to penalize Huawei, says Jeff Ferry, a former executive at the firm. Mr. Ferry says he had … Read morePress Mention: Huawei’s Yearslong Rise Is Littered With Accusations of Theft and Dubious Ethics

CPA Op-Ed: Illinois’ tax system dings local manufacturers. Here’s a fix.

This post was originally published on this siteEditors note: Zach Mottl is a member of the CPA board. Over the past two decades, Illinois has lost roughly 280,000 manufacturing jobs. And as those good-paying jobs have departed, so too have many longtime residents. Illinois has now lost population for five consecutive years, with 45,000 residents … Read moreCPA Op-Ed: Illinois’ tax system dings local manufacturers. Here’s a fix.

Press Release: New CPA Research Finds Across-the-Board China Tariff Would Create 1.36 Million US Jobs

This post was originally published on this siteDecoupling from China, increased domestic production would boost economy Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. CPA research found that such a move would deliver significant, sustained benefits … Read morePress Release: New CPA Research Finds Across-the-Board China Tariff Would Create 1.36 Million US Jobs

Press Release: New CPA Study Shows Across-the-Board China Tariff Would Boost US Economy, Create Thousands of Jobs

This post was originally published on this siteDecoupling from China, increased domestic production would boost economy Washington. The Coalition for a Prosperous America (CPA) today released a groundbreaking study on the impact of a potential 25 percent across-the-board tariff on all imports from China. CPA research found that such a move would deliver significant, sustained benefits … Read morePress Release: New CPA Study Shows Across-the-Board China Tariff Would Boost US Economy, Create Thousands of Jobs

Press Mention: Former Trump Adviser Dan DiMicco On China Tariffs

This post was originally published on this siteExcerpt: “Yet, free traders in their fantasy world want to keep saying the tariffs are raising prices. The reality is they’re not, and it’s demonstrated by the performance of the economy. And for every one that you could bring to me that says, oh, we’ve been harmed, I can give … Read morePress Mention: Former Trump Adviser Dan DiMicco On China Tariffs

Press Mention: Trump Increases China Tariffs as Trade Deal Hangs in the Balance

This post was originally published on this siteExcerpt. “To the president’s credit, the tariffs are working,” said Dan DiMicco, the chairman of the trade lobbying group Coalition for a Prosperous America and a former trade adviser to Mr. Trump during his 2016 campaign. “America’s manufacturers and workers are now seeing gains as manufacturing employment rises … Read morePress Mention: Trump Increases China Tariffs as Trade Deal Hangs in the Balance

Press Mention: Trade war threatens to roil 2020 race as Republicans complain about the tariffs Trump loves

This post was originally published on this siteExcerpt: Dan DiMicco, a former steel executive and trade adviser to Trump’s 2016 campaign, said the president’s base wants him to maintain a tough position on trade, even if it causes some short-term economic head winds. “He believes that this trade issue is as important as the economy because … Read morePress Mention: Trade war threatens to roil 2020 race as Republicans complain about the tariffs Trump loves

First Ever Made in U.S.A. Trade Show

This post was originally published on this siteExcerpt: Michael Stumo, CEO of the CPA, said, “We’re very pleased to participate in the Made in America trade show. Consumers want to buy American-made products, and they understand the connection between good jobs at home and the viability of local producers. We highly recommend attending this important event … Read moreFirst Ever Made in U.S.A. Trade Show

The High Cost of Trade Deficits

This post was originally published on this siteEditors note: Michele Nash-Hoff is long standing member of CPA .  Free trade has resulted in enormous trade deficits in goods for the United States for over 40 years. Our last year of a positive trade balance was 1975. At best, free trade has benefited large, multinational global … Read moreThe High Cost of Trade Deficits

Trump Appointees Defy ‘Buy American,’ Protect Chinese Manufacturing

This post was originally published on this siteExcerpt: “GOP globalists are a big threat to the economic recovery,” Stumo said. “President Trump’s nomination team needs to have a litmus test to screen out globalists when considering appointees. The president should now be tweeting about these America Last FTC commissioners as vigorously as he tweets against the Federal Reserve.” President … Read moreTrump Appointees Defy ‘Buy American,’ Protect Chinese Manufacturing

General Counsel Discusses White House Meeting With Trade Officials

This post was originally published on this siteEditors note: CPA board member Burl Finkelstein is featured in this article on our trade conference last month in March. While trade tensions have left some companies feeling uneasy, especially those with a global footprint, others are applauding the Trump administration’s “America First” stance. And a contingent of … Read moreGeneral Counsel Discusses White House Meeting With Trade Officials

Employment Opportunity: Part-Time Tax Research Assistant

This post was originally published on this siteBackground: The Coalition for a Prosperous America (CPA), a 501(c)(3) nonprofit organization, is seeking a part-time Tax Research Assistant to support the CPA Economics team with research on corporate taxation issues. CPA is a bipartisan coalition of US manufacturers, agricultural groups, and labor unions. CPA engages in educational … Read moreEmployment Opportunity: Part-Time Tax Research Assistant

CPA Letter Calling For Investigation Into Chicago Rail Deal with China SOE

This post was originally published on this siteThe Coalition for a Prosperous America (CPA) is formally requesting a Buy America Pre-Award Desk Review of the Chicago Transit Authority’s (CTA’s) $1.3 billion contract with China’s state-owned enterprise CSR Sifang to build 846 commuter railcars. Please follow and like us:

CPA Endorses Reciprocal Trade Act, HR. 764

This post was originally published on this siteSees legislation as key step to addressing trade barriers Washington. The Coalition for a Prosperous America (CPA) has endorsed H.R. 764, the Reciprocal Trade Act (RTA) recently introduced by Rep. Sean Duffy (R-WI). The RTA would expand the president’s ability to defend domestic US manufacturers and agricultural producers against foreign protectionism … Read moreCPA Endorses Reciprocal Trade Act, HR. 764

CPA Analysis: January US Trade Deficit Improves By $8.8 Billion

This post was originally published on this siteChina goods trade deficit shrinks to 7-month low Washington. Coalition for a Prosperous America (CPA) Chief Economist Jeff Ferry has analyzed this morning’s Commerce Department data showing that the monthly US trade deficit shrank dramatically in January, to $51.1 billion, an $8.8 billion drop from December. Most of the decline … Read moreCPA Analysis: January US Trade Deficit Improves By $8.8 Billion

CPA Honors Three American Trade Heroes at Annual Conference

This post was originally published on this siteAt its Annual Trade Conference, the Coalition for a Prosperous America recognized three leading political figures for their activities to improve US international trade, the economy, national security, and America’s global political standing with its annual American Trade Hero awards. Please follow and like us:

Press Mention: A different kind of farm organization

This post was originally published on this siteExcerpt: “The laissez-faire, free-trade approach just burned up our countryside,”  BELLEVUE, Wash. — Farmers at the 117th anniversary convention of the National Farmers Union this week had the same worry as the ones who attended the organization’s first gathering more than a century ago — low incomes. Please follow … Read morePress Mention: A different kind of farm organization

Press Release: US Goods Trade Deficit Hits Major New Record in 2018

This post was originally published on this siteOvervalued dollar drives record US deficits with China, rest of world Washington. Annual data released this morning by the Commerce Department shows that America’s overall trade balance continued to worsen in 2018. Not only did the United States record its highest-ever global trade deficit in goods—at $891.3 billion—but … Read morePress Release: US Goods Trade Deficit Hits Major New Record in 2018

Press Mention: Fiat Chrysler to Reopen Idled Plant in Detroit, 6,500 jobs

This post was originally published on this siteExcerpt: “President Trump’s threat of auto tariffs likely supported this major investment decision,” Stumo continued. “If the tariffs on imported autos are imposed, it will help FCA’s Jeep and Ram further increase sales and market share, benefitting the Michigan economy and creating even more good paying jobs.” Fiat Chrysler to … Read morePress Mention: Fiat Chrysler to Reopen Idled Plant in Detroit, 6,500 jobs

Press Mention: Trump expects to sign trade deal with China fairly soon

This post was originally published on this siteExcerpt. “The Wall Street and globalist wing of the administration seem to be pushing for a short-term deal that we know will not be sufficient for our long-term interests,” [Michael Stumo] said. President Trump stoked expectations Monday for a successful conclusion to U.S.-China trade talks, saying he anticipated signing … Read morePress Mention: Trump expects to sign trade deal with China fairly soon

CPA Statement: President Trump should Stay Strong on China

This post was originally published on this siteSees compromise agreement with Beijing as loss of bargaining power  Washington. In response to recent reports that President Trump is moving towards an agreement with China, Dan DiMicco (CPA Chairman) and Michael Stumo (CPA CEO) issued the following joint statement: Please follow and like us:

CPA Op-ed: The verdict is in: Trump’s tariffs are working ‘bigly’

This post was originally published on this siteU.S. manufacturing is once again in the news. New data shows America’s factories adding 261,000 jobs from January 2018 to January 2019. In the State of the Union, President Trump emphasized the urgency of confronting predatory trade from countries like China…. Please follow and like us:

Press Release: New CPA Study Shows Competitive US Dollar Could Produce Over 6 Million New Jobs

This post was originally published on this siteGroundbreaking study quantifies economic costs of overvalued dollar  Washington. A new study of the US economy from the Coalition for a Prosperous America (CPA) economics team shows that the US dollar is overvalued by 27 percent. Adjusting the dollar to a competitive level would yield large benefits to the economy, … Read morePress Release: New CPA Study Shows Competitive US Dollar Could Produce Over 6 Million New Jobs

China mobilizes anti-ship missiles after Navy patrol in South China Sea – News – Stripes

This post was originally published on this siteEditor’s note: US consumers are paying for China’s ability to engage in military aggression against us.  “Last month, Chinese Rear Adm. Lou Yuan told an audience in Shenzhen that sinking a pair of U.S. aircraft carriers would settle issues of sovereignty in the South China Sea. What the United States fears … Read moreChina mobilizes anti-ship missiles after Navy patrol in South China Sea – News – Stripes

Huawei Case Shows China Keeps Stealing Its Way to Success

This post was originally published on this siteCPA OP-ed: Huawei Case Shows China Keeps Stealing Its Way to Success In 2001, when China joined the WTO and officially entered the world trading system, politicians and economists of every stripe confidently predicted that China would soon become very similar to many other Western market economies… Please … Read moreHuawei Case Shows China Keeps Stealing Its Way to Success

Press Release: CPA Supports Executive Order to Expand Buy America Preferences

This post was originally published on this site Focus on state-level infrastructure projects will close potential gaps in coverage Washington. The Coalition for a Prosperous America (CPA) today praised President Trump’s executive order to strengthen Buy America preferences for infrastructure projects. While Buy America typically covers federal projects, the executive order will now extend such requirements to state-level … Read morePress Release: CPA Supports Executive Order to Expand Buy America Preferences