“If China were subjected to a 25 percent across-the-board tariff, GDP would increase by $125 billion over five years, with 721,000 new jobs created,” it said. CPA’s CEO Michael Stumo stated in a press release Dec. 13 that “China’s behavior remains unacceptable, and only a permanent, across-the-board tariff will make a dent in Beijing’s predatory … Read More

The acquisition would turn London-based Cineworld into the world’s No. 2 exhibitor behind industry giant AMC Entertainment, which is owned by China’s Dalian Wanda Group. In other words, the U.S. movie theater industry is basically gone.   Read the article.

The company said Tuesday that about $750 million will go to the Michigan Assembly Plant in the Detroit suburb of Wayne, where 2,700 jobs will be added during the next three years. Another $700 million will be invested in the truck plant in Dearborn, Michigan, where 300 new jobs will be added. Read the article

Congressional leaders reached an agreement to bar Chinese buses and rail cars in a move that could severely hinder the electric vehicle industry’s ability to meet demand from cities that want to lower their carbon emissions. Read the article

Trade wars are an aftereffect of protectionism. Protectionism is not necessarily a bad thing. For instance, the Boston Tea Party was part of a trade war. Tariffs can help protect domestic businesses, jobs, and revenue against competition from foreign imports.   Read the article

CPA believes that the tariffs on China should be increased to 25 percent across the board, and made permanent. CPA research has demonstrated that such tariff action could boost US GDP by $125 billion over five years, with 721,000 new jobs created. Read the article

Should tariffs be removed as a gesture of peace with China, the trade war is over and China can take a victory lap. China wants to roll back tariffs in order to stop the current supply chain exodus. Read the article

President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions, according to people familiar with the matter. Read … Read More

Jim Cramer says that the recent economic numbers taught him that everything Harvard taught him about economics was wrong. Harvard taught him in the 70s that you cannot have job growth with mild inflation, and that rapid job growth would fan the flames of inflation. That has been disproved by today’s economy of higher tariffs … Read More