Pax Sinica: How will economics respond to the ‘new global order’?
Economics will find a way to include protectionism but building a theoretical case for budget deficits will be much harder. Read the article.
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China Mocks Biden’s Economic Pact for Failing to Lower Tariffs
Chinese Foreign Minister Wang Yi mocked President Joe Biden’s wide-ranging economic framework for failing to lower tariffs, in some of the strongest criticism yet of the US plan to counter Beijing’s influence in Asia. Read the article.
Xinjiang Police Files Expose Shocking, Unprecedented Evidence of China’s Use of Forced Labor
The Coalition for a Prosperous America (CPA) today applauds the Victims of Communism Memorial Foundation for obtaining the shocking, unprecedented evidence known as the Xinjiang Police Files from internal police networks in China’s Xinjiang region. CPA urges every single lawmaker in Congress to review the contents of the Xinjiang Police Files, including the photographs of … Read More
Canada concerned as COOL talk builds on Capitol Hill
Democrats and Republicans in the U.S. don’t agree on much, but in trade protectionism, there’s common cause. That’s why increasing bipartisan talk on Capitol Hill to resurrect COOL (country-of-origin labelling) for U.S.-sold beef, has Canada’s meat sector on guard. Read the article.
CPA Applauds Effort by Sen. Rubio, Colleagues to Protect Federal Retirement Dollars from Dangerous Chinese Companies
“The unelected bureaucrats at the FRTIB are once again attempting to invest federal retirement savings in opaque Chinese firms engaged in human rights abuses and a wide range of military-related activities,” said CPA Chairman Zach Mottl. “It is absolutely unacceptable for the Chinese Communist Party to be profiting from the retirement accounts of U.S. government … Read More
CPA Applauds Bipartisan Brown, Portman Letter Urging Biden to Keep Section 301 Tariffs in Place
The Coalition for a Prosperous America (CPA) today applauded Senators Sherrod Brown (D-OH) and Rob Portman (R-OH) for leading a bipartisan letter to President Joe Biden in support of continuing the Section 301 tariffs imposed on China. Senators Mitt Romney (R-UT), Kevin Cramer (R-ND), Mike Braun (R-IN), Rick Scott (R-FL), James Inhofe (R-OK), Bob Casey … Read More
US Seeks Second Set of Dispute-End Talks on Canada Dairy Quotas
The US is requesting dispute-settlement consultations for a second time over Canada’s dairy quotas, alleging that they’re undermining access that the nation agreed to provide American producers. The Biden administration is challenging Canada’s dairy tariff-rate quota allocation measures, which deny access to eligible applicants including retailers, foodservice operators, and other types of importers, Read the … Read More
Tariffs and Inflation: The Dog that Didn’t Bark
Treasury Secretary Janet Yellen is arguing for repealing a broad set of U.S. tariffs, allegedly as a way to fight inflation. Her argument is said to rely on a set of reports[1] published in March by the Peterson Institute that claimed that cutting tariffs would cut 1.3 percentage points off the U.S. rate of inflation. … Read More
Ukraine war fuels European and Asian scramble for U.S. LNG
Russia’s invasion of Ukraine has sent European and Asian buyers rushing to buy American liquefied natural gas, in some cases securing output from new projects still years away from production. So far in 2022, U.S. producers have signed long-term contracts of 15 years or more for an annual 20 million tons of LNG — roughly double … Read More
How Trade Remedies Helped U.S. Manufacturers
Trade remedies helped U.S. manufacturers survive being swamped by Asian overcapacity, protected domestic labor markets, and never led to the devastation and disruption the opposition warned about if imports were curtailed. Solar and steel are two cases in point and are the most well-known. Kitchen cabinets are another sector that’s expanded due to trade remedies. … Read More