A Plan For Economic Patriotism

Editors note: This is Senator Elizabeth Warren‘s “economic patriotism” platform in her own words. It shows that many of the ideas on exchange rates, globalization and jobs are bipartisan. I come from a patriotic family. All three of my brothers joined the military. And I’m deeply grateful for the opportunities America has given me. But … Read moreA Plan For Economic Patriotism

Twitter takes down ‘a large number’ of Chinese-language accounts ahead of Tiananmen Square anniversary

Editors note: Twitter is helping the Chinese government with repression. Twitter has suspended a large number of Chinese-language user accounts, including those belonging to critics of China’s government. It seems like a particularly ill-timed move, occurring just days before thirtieth anniversary of the Tiananmen Square massacre on June 4. Please follow and like us:

A Tariff Issue on Which Free and Fair Traders Can Agree

Excerpt: Peter Navarro, “Whether you’re a pure free trader or a fair, reciprocal and balanced trader like the president, if you live in a relatively low-tariff country like the U.S., you should oppose an international trading system that helps institutionalize nonreciprocal tariffs.” Flawed WTO rules allow other countries to charge significantly higher duties than America does. Please … Read moreA Tariff Issue on Which Free and Fair Traders Can Agree

Momentum Building to Stop China From Taking Over the U.S. Transit Market

Editors note: The Transit Infrastructure Vehicle Security Act should be passed into law. US taxpayer dollars should not fund China’s takeover of our rail industry. In 2011, then-Los Angeles Mayor Antonio Villaraigosa joined a delegation of Chinese leaders for the opening of BYD’s North American headquarters. The company is subsidized and heavily influenced by the … Read moreMomentum Building to Stop China From Taking Over the U.S. Transit Market

Williams-Sonoma CEO says the company saw tariff hikes coming, hired more US workers

Excerpt: “Alber said it’s beneficial to bring jobs back to the United States because “the cost from the freight coming from Asia offsets the costs of the labor,” as the company learned after opening its first Sutter Street Manufacturing unit in North Carolina.” Williams-Sonoma CEO Laura Alber said Monday that the company shuffled its operations … Read moreWilliams-Sonoma CEO says the company saw tariff hikes coming, hired more US workers

US Universities And Retirees Are Funding The Technology Behind China’s Surveillance State

Editors note: China’s access to the US equity market, not just our consumer market, has become a very big issue. Millions of dollars from US university endowments, foundations, and retirement plans have helped fund two billion-dollar Chinese facial recognition startups: SenseTime and Megvii. The Chinese government is using their technologies to surveil and profile its … Read moreUS Universities And Retirees Are Funding The Technology Behind China’s Surveillance State

Trade deal with China is impossible

Excerpt: “The accession agreement China signed when it joined the World Trade Organization in 2001 was supposed to deal with most of those practices, but President Xi Jinping has cultivated regulatory and business cultures that make an enforceable agreement virtually impossible.” President Trump has bipartisan support for his new tariffs and sanctions on Huawei to … Read moreTrade deal with China is impossible

China Cannot Weaponize Its U.S. Treasury Bonds

Editor’s note: Important for financial press (and others) to understand this. Excerpt: “By purchasing fewer U.S. government bonds… Beijing would leave the United States either unchanged or better off, while doing so would also leave China either unchanged or worse off.” Note: This is a follow-up to an article here from May 16 and an updated version of … Read moreChina Cannot Weaponize Its U.S. Treasury Bonds

China’s navy is being forced to rethink its spending plans as cost of trade war rises

Editor’s note: China’s reliance on the US consumer market is the piggy bank that funds its military growth.  China is having to reassess its naval shipbuilding plans in the face of economic, technical and strategic challenges at home and abroad, according to military insiders. Please follow and like us:

China’s top banking regulator says yuan bears will suffer ‘heavy losses’

Editor’s note: China jawboning the market to prevent yuan depreciation. And stating that they will shift to domestic consumption, which is what the US wants, rather than their reliance on US consumption for growth. Of course you can never take CCP statements at face value. BEIJING (Reuters) – China’s banking and insurance regulator said on … Read moreChina’s top banking regulator says yuan bears will suffer ‘heavy losses’

Trump Administration Rolls Out $16 Billion Farm-Aid Program

Editor’s note: Providing immediate relief to family farms and ranches is a good move because the rural economy is in very, very bad shape. Trade has some impact, varying depending upon the commodity, while the overvalued dollar and global oversupply are bigger factors needing to be addressed with an agro-industry strategy.  President suggests Huawei Technologies … Read moreTrump Administration Rolls Out $16 Billion Farm-Aid Program

Despite national security concerns, GOP leader McCarthy blocked bipartisan bid to limit China’s role in U.S. transit

Editor’s note. This is a problem. House Minority Leader Kevin McCarthy (R-Calif.) blocked a bipartisan attempt to limit Chinese companies from contracting with U.S. transit systems, a move that benefited a Chinese government-backed manufacturer with a plant in his district, according to multiple people familiar with the matter. Please follow and like us:

US-China Trade War: ’Trump is Not Going to Back Down… This is a War of Values’: Curtis Ellis

Editor’s note: Curtis Ellis clearly lays out why the China trade issue is not a mere commercial dispute.  Why exactly did progress toward a U.S.-China trade deal apparently slow down, and President Donald Trump finally enact his promised 25 percent tariff on 200 billion dollars in Chinese goods? What will the effects of this be … Read moreUS-China Trade War: ’Trump is Not Going to Back Down… This is a War of Values’: Curtis Ellis

OECD economists sound alarm over impact of amplified trade tensions

Editor’s note: This is another example economists falsely equating global trade growth, regardless of imbalances or cheating, with the prosperity of real people. The world cannot expect to excessively rely upon the US market for their growth.  Global trade growth has “slowed abruptly” over the past year, the Organization for Economic Cooperation and Development says … Read moreOECD economists sound alarm over impact of amplified trade tensions

US should lower value of its dollar to reduce trade deficit with China, economist says

Excerpt:[Rob Scott (EPI)] argued that the “single best tool” the U.S. has for reducing its deficit is to lower the value of the U.S. dollar.“The dollar is too strong. It acts like a subsidy to all of the exports from China, and these other countries and attacks on everything we’re trying to sell to China, Japan, and the … Read moreUS should lower value of its dollar to reduce trade deficit with China, economist says

US Senator Charles Schumer wants ‘top-to-bottom review’ of Chinese train maker CRRC that won design contest for New York City subway cars

Editors note: Using US taxpayer money to support the building of China’s rail car industry makes no sense. We should build this industry, and its supply chain, here. New York senator fears state-owned CRRC could potentially expose US rail system to cyberespionage and sabotageCRRC has already been awarded contracts in recent years for new subway … Read moreUS Senator Charles Schumer wants ‘top-to-bottom review’ of Chinese train maker CRRC that won design contest for New York City subway cars

Tech Jobs Lead to the Middle Class. Just Not for the Masses.

Excerpt: “The idea that tech jobs are going to create a substantial middle class anytime in the foreseeable future is unrealistic”. Brittney Ball was living in a homeless shelter with her baby when she learned of a one-year program offering technical training, professional skills and an internship. She took the plunge. Please follow and like … Read moreTech Jobs Lead to the Middle Class. Just Not for the Masses.

Why a Tax the U.S. Hasn’t Embraced Has Found Favor in Much of the World

Editors note: This is a very good article making the case for a VAT. CPA favors Implementing a VAT (aka goods and services tax) to counter the Trade competitiveness impacts of other countries VATs. A study found that an effort by the country’s tax authority to determine the extent of fraud in value-added tax collections … Read moreWhy a Tax the U.S. Hasn’t Embraced Has Found Favor in Much of the World