U.S., China to Remove Tariffs Bit by Bit if Partial Deal Clinched, Says Beijing

Editors Note: 1. Need tariffs permanent. Lots of manufacturers investing now, but will get killed by Chinese if tariffs go away. 2. Tariff reduction reciprocity is fake reciprocity given the IP theft, economy wide subsidies via renmimbi printing, other trade barriers. We don’t have those barriers. Just like past unilateral trade disarmament, we reduce tariffs, they might … Read moreU.S., China to Remove Tariffs Bit by Bit if Partial Deal Clinched, Says Beijing

At Smithfield Foods’ slaughterhouse, China brings home U.S. bacon

Editors note: Chinese owned Smithfield Foods shipping pork to China amidst Asian swine flu problems. SMITHFIELD, Virginia (Reuters) – Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources. Please … Read moreAt Smithfield Foods’ slaughterhouse, China brings home U.S. bacon

WAGE GROWTH, ECONOMIC DATA & EARNING & INVESTING IN A TRADE WAR W/BBC, FORBES & BLOOMBERG’S JEFF FERRY

Editor’s Note: Jeff Ferry, Chief Economist at the Coalition for a Prosperous America, about what’s going on with the US trade war. Interview starts [19:35] Jeff’s thoughts on the current trade situation Jason Hartman begins today’s show discussing where the real growth in wages is happening. Fortunately it’s happening in the “real” economy, meaning those jobs that … Read moreWAGE GROWTH, ECONOMIC DATA & EARNING & INVESTING IN A TRADE WAR W/BBC, FORBES & BLOOMBERG’S JEFF FERRY

A Declaration of Independence from China

Editors note: Wall Street whines about tariff uncertainty. But the certainty we need is a policy to decouple from China. Then investments in production in the US will become even more attractive Anyone who says businesses can’t move supply chains is wrong. They moved them to China a few years ago. And they can move … Read moreA Declaration of Independence from China

China releases policies on IP protections, foreign exchange stabilization

Editor’s note: China is enacting laws now to make at least the appearance of complying with the oral Phase One agreement with President Trump’s trade team.  China on Wednesday published new policies in areas the U.S. has put front and center in trade negotiations, releasing rules intended to strengthen intellectual property protections and stabilize its … Read moreChina releases policies on IP protections, foreign exchange stabilization

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