NBA’s Stance on Hong Kong Is All About the Money

Editors note: NBA owner on his amoral China stance – “I am not a guy that wants to go out of business … and other than the Sixers, my loyalty is all about who is going to make us the most money.” Houston Rockets general manager Daryl Morey sparked an international incident by voicing support … Read moreNBA’s Stance on Hong Kong Is All About the Money

How Trump’s Tariffs Are Creating Jobs — for Canadians

Editors note: The China/Amazon/FedEx strategy finally comes to light as a major story. The de minimis loophole must be closed. And can be partially closed by administration action. CBP chose to give priority to Sec 321 (the de minimis authority stupidly expanded by Congress) over the 301 duties but did not have to. And more … Read moreHow Trump’s Tariffs Are Creating Jobs — for Canadians

SENS MENENDEZ AND RUBIO REQUEST COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES REVIEW TRANSACTIONS OF BRAZILIAN MEAT-PROCESSING CONGLOMERATE

Editor’s Note: Brazil is to agriculture what China is to manufacturing. A corrupt, state supported source of predatory global oversupply. Including subsidized investment to take dominate US food processing in pursuit of Brazil’s national agro-industry strategy. WASHINGTON – Senator Bob Menendez (D-N.J.), Ranking Member of the Senate Foreign Relations Committee, and Senator Marco Rubio (R-Fla.), … Read moreSENS MENENDEZ AND RUBIO REQUEST COMMITTEE ON FOREIGN INVESTMENT IN THE UNITED STATES REVIEW TRANSACTIONS OF BRAZILIAN MEAT-PROCESSING CONGLOMERATE

Free-trade policies contributed to the opioid epidemic

Excerpt: “For every 1,000 people who lost their jobs in a county there was a 2.7% rise in opioid-related overdose deaths. After fentanyl entered regional heroin supplies in 2013, the same 1,000 trade-related job losses led to an 11.3% spike in overdose deaths.” The Sackler family was once celebrated for its philanthropy. Now the owners of … Read moreFree-trade policies contributed to the opioid epidemic

U.S. expands blacklist to include China’s top AI startups ahead of trade talks

Editors note: This is a very big step to add Chinese entities to the Department of Commerce’s Entity List. It is the first time any government has challenged China’s human rights abuses this way. WASHINGTON/SHANGHAI (Reuters) – The U.S. government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing … Read moreU.S. expands blacklist to include China’s top AI startups ahead of trade talks

Wilbur Ross: Trump is making the United States win on trade

Editors note: This excerpt from Secretary Ross’ oped is very good, signaling a sea change in how trade is thought about. “Thanks to President Donald J. Trump, the United States is no longer subsidizing the growth of other countries at the expense of American jobs and American wages. In the post-World War II world, the … Read moreWilbur Ross: Trump is making the United States win on trade

Trump administration strikes back at Gov. John Bel Edwards over Bayou Steel closure remarks

Excerpt: “This is comically bad staff work [by the governor’s staff]: there are no tariffs on inbound recycled scrap and there is an abundance of cheap scrap on domestic soil,” said Peter Navarro WASHINGTON — The White House has slammed Gov. John Bel Edwards over the governor’s remarks about the recent closure of a LaPlace steel mill. Please follow … Read moreTrump administration strikes back at Gov. John Bel Edwards over Bayou Steel closure remarks

Federal retirement savings should not fund China’s Communist Party

Editor’s note: Senators Rubio and Shaheen are doing very good work making sure federal employee retirement funds are not benefitting Chinese government owned companies, including those that engage in wrongful or criminal activities.  During the Cold War, it would have been unthinkable for the U.S. government to force members of the military and federal employees … Read moreFederal retirement savings should not fund China’s Communist Party

Trump considers delisting Chinese firms from U.S. markets: sources

Editors note: Fake fraudulent Chinese companies should NOT be listed on US exchanges. They don’t let us audit them. They build Chinese military and surveillance tech. They enrich the Chinese government. And China doesn’t let our companies freely list or establish themselves there.  WASHINGTON (Reuters) – President Donald Trump’s administration is considering delisting Chinese companies from U.S. … Read moreTrump considers delisting Chinese firms from U.S. markets: sources

Chinese electric bus maker BYD faces U.S. ban pushed by Senate and competitors

Editors note: CPA supports this provision to exclude China bus makers from receiving US government money. Momentum is building in a congressional spending bill to ban Chinese firms from the U.S. public bus market. The provision is in the Senate version of legislation that is considered “must pass” in Washington and has the support of … Read moreChinese electric bus maker BYD faces U.S. ban pushed by Senate and competitors

‘We were wrong’: Koch network to change strategy against Trump’s trade war after ad campaign falls short

Editors Note: Koch globalists admit multimillion dollar campaign against tariffs failed. Couldn’t convince people that they were spending more on cars when people were not spending more on cars. The political network funded in part by billionaire libertarian Charles Koch is going to try a new strategy against President Donald Trump’s trade war with China after … Read more‘We were wrong’: Koch network to change strategy against Trump’s trade war after ad campaign falls short

EU backs China’s WTO challenge of U.S. Section 301 tariffs

Editor’s note: Unbelievable! The EU is taking China’s side in China’s challenge to the Section 301 tariffs imposed due to intellectual property theft. Another reason that multilateral efforts to rein in China are a fantasy. The European Union last week rebutted several arguments the U.S. has advanced to defend its Section 301 tariffs on Chinese … Read moreEU backs China’s WTO challenge of U.S. Section 301 tariffs

An Obscure Post Office Meeting Begins Today. It Has High Stakes for UPS, Amazon, and Holiday Shoppers

Editor’s note: The US should withdraw from the Universal Postal Union because the agreement forces us to subsidize shipping costs for Chinese imports so mail delivery is cheaper from Shanghai to Kansas City than from Georgia to Kansas City.  An obscure, century-old global pact is at risk of losing its most important signatory—a shift that … Read moreAn Obscure Post Office Meeting Begins Today. It Has High Stakes for UPS, Amazon, and Holiday Shoppers

Letting China join the WTO was the worst decision the West ever made

Editor’s note: The title of this article says it all  It’s not often that you come across a book that completely transforms your understanding of the world. Just recently I’ve read two. One, Tom Holland’s Dominion concerns the debt we all owe — not just vicars and popes but atheists and social justice warriors — … Read moreLetting China join the WTO was the worst decision the West ever made

President Trump’s China policy is working, but you’d never know that from media reports

Editor’s note: Greg Autry is a member of CPA’s Advisory Board. On the morning after the 2016 presidential election, CNBC interviewed Peter Navarro, who had been an economic adviser to the Trump campaign and would soon join the administration to advise the president on trade and manufacturing policy. Navarro outlined President Trump’s economic plans: cutting taxes, reducing … Read morePresident Trump’s China policy is working, but you’d never know that from media reports

Time for a Plaza II

Editor’s note: This is an extremely important article by economist Richard Koo describing in very clear terms the relationship between exchange rates, capital flows, and the trade deficit. Publication: “International Economy, Summer 2019“. The takeaway is that until the US manages capital flows and exchange rates, we are destined to have trade deficits and deindustrialization forever. U.S. trade deficits were caused … Read moreTime for a Plaza II

China footage reveals hundreds of blindfolded and shackled prisoners

Editor’s note: The footage of Chinese soldiers herding Uighars with shaved heads and blindfolds is horrifying. CPA does not use the phrase “Nazi Germany”, but this China footage really looks like it. What happened to these people after being led away?  Video shows what appear to be Uighur or other minority prisoners led away by police … Read moreChina footage reveals hundreds of blindfolded and shackled prisoners

Remarks of Peter Navarro Before the Universal Postal Union Third Extraordinary Congress

Editor’s note: The US should stop subsidizing import competition through the Universal Postal Union. The old UPU agreement stupidly requires the US Post Office to charge lower rates for delivering imported Chinese goods than for delivering US goods. We are here today because of the leadership of two individuals: My boss President Donald J. Trump … Read moreRemarks of Peter Navarro Before the Universal Postal Union Third Extraordinary Congress

The Threat From China Means Conservatives Must Rethink Industrial Policy

Editor’s note: Industrial policy is needed in the pantheon of fiscal, tariff, exchange rate and monetary policies. The US needs to get good at it, with metrics. And use tariffs to neutralize waves of subsidized competition from determined foreign governments. Daily Caller News Foundation Editor’s note: This piece is part of American Renewal, a new policy … Read moreThe Threat From China Means Conservatives Must Rethink Industrial Policy

The Rise of Phantom FDI in Global Tax Havens

Editor’s note: The massive phantom foreign direct investment described in this article shows why CPA’s proposal for sales factor apportionment is needed for the US tax system. If companies were taxed, as we propose, on profits from sales in the US, shifting their profits to shell companies other countries would no longer benefit them. Empty … Read moreThe Rise of Phantom FDI in Global Tax Havens

More than third of foreign investment is multinationals dodging tax

Editors note:  Another reason sales factor apportionment tax is needed.  Capital flows for tax avoidance and profit shifting purposes should not exist. Tax profits based upon destination of sales rather than origin of income, which is manipulated.  Study into global FDI finds nearly 40% of flows used as vehicle for financial engineering Please follow and … Read moreMore than third of foreign investment is multinationals dodging tax

China keeps booting U.S. journalists. We keep admitting theirs.

Editor’s note: WaPo would be called protectionist if taking about trade instead of journalism in this editorial. “For many years, U.S. policy was guided by the logic that it is best to remain open, to showcase a commitment to values and principle. But what if China doesn’t care and doesn’t change its approach?” CHINA’S LEADERS … Read moreChina keeps booting U.S. journalists. We keep admitting theirs.

Treating the disease: An opportunity for US in trade war with China

Excerpt: “Fundamentally, we believe that China will do everything it can to continue to deceive the U.S., including the use of delaying tactics to continue stealing from the U.S. and in order to take considerable advantage of America’s free and open market.” There is a Chinese proverb that translates as: “It is always better to … Read moreTreating the disease: An opportunity for US in trade war with China

Fed Beige Book Shows Wide Tariff Anxiety, Varied Impact So Far

Editor’s note: Fed report finds business uncertainty but little actual impact of tariffs. Investment “uncertainty” from tariffs exists only if you want to invest somewhere else, not America U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve. … Read moreFed Beige Book Shows Wide Tariff Anxiety, Varied Impact So Far

Baldwin-Hawley Act Would Fix Overvalued U.S. Currency Problem

Editors note: Michele Nash-Hoff is a CPA member. The Baldwin-Hawley Senate Bill, S.2357, titled the “Competitive Dollar for Jobs and Prosperity Act” was introduced by Sen. Tammy Baldwin (D-WI) and Josh Hawley (R-MO) on July, 31, 2019. The purpose of the Bill is “To establish a national goal and mechanism to achieve a trade-balancing exchange … Read moreBaldwin-Hawley Act Would Fix Overvalued U.S. Currency Problem

​Steel industry says ‘hundreds of thousands’ of Canadian jobs lost with Ottawa’s LNG exemptions

Editors note: Canadian government to allow Chinese steel dumped at below cost to build a $40b LNG project. Watch as Canadian steel fabrication products will try to flood the US market looking for sales to keep domestic plants going. The Canadian Institute of Steel Construction says the federal government is giving away hundreds of thousands of … Read more​Steel industry says ‘hundreds of thousands’ of Canadian jobs lost with Ottawa’s LNG exemptions

GM Is Now Detroit’s Smallest Auto-Making Employer

Editors note: General Motors is now the biggest exporter of vehicles from Mexico to the United States. General Motors Co. now employs fewer union-represented American workers than its domestic rivals for the first time since the United Auto Workers started organizing Detroit’s carmakers eight decades ago. Please follow and like us:

Rumors claim Geely-Huawei partnership, Harmony OS powered cars coming soon?

Editors note: Coming soon. Huawei surveillance from inside your car. Huawei‘s HarmonyOS is one of the most talked about topics in tech at the moment, and the possibilities for it are endless. In fact, right now we’re already hearing rumors about HarmonyOS making rounds on Weibo. According to the rumors, Geely, a popular car manufacturer … Read moreRumors claim Geely-Huawei partnership, Harmony OS powered cars coming soon?

More than 160 business groups urge administration to delay tariff boosts on Chinese goods

Editors’ note: Members of the “Americans for Free Trade” astroturf coalition are the import/offshoring MNC lobby, including the trade associations they fund or control. They were a powerful lobby under past administrations.  The Americans for Free Trade coalition, which represents more than 160 U.S. business associations, is urging the Trump administration to postpone “all tariff rate increases” … Read moreMore than 160 business groups urge administration to delay tariff boosts on Chinese goods

One Central Banker’s Solution to the Dominant Dollar

Editor’s note: Matthew Klein is one of the smartest global economics reporters. He describes how the US being the central banker to the world hurts our economy. The dollar is pushed too high, our debt grows to big, and economic decisions of foreign governments spill over into our economy.  The U.S. economy is about 25% … Read moreOne Central Banker’s Solution to the Dominant Dollar

China’s Sinovel convicted in U.S. of trade-secret theft

Editor’s note: Sinovel is a Chinese state-influenced company that stole core trade secrets and technology from AMSC, a CPA member company.  (Reuters) – Chinese wind turbine maker Sinovel Wind Group Co was convicted on Wednesday of U.S. charges that it stole trade secrets from AMSC, causing the Massachusetts-based company to lose more than $800 million. … Read moreChina’s Sinovel convicted in U.S. of trade-secret theft

A Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen

Excerpt: “If the Fed cuts rates, the dollar will weaken off, but the issues around the world will offset that. The problem of the strong dollar doesn’t just go away.”(Bloomberg) — The dollar has been ascendant in 2019 and forecasts for a U.S. recession are growing louder. If the greenback’s strength keeps up and the … Read moreA Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen