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CPA Letter on Supply Chain Integrity and Transparency

This CPA letter to Senators Wyden and Brown thanks them for their support of banning the importation of forced labor goods from the Xinjiang region of China. We also urge them to support a country-wide ban, not merely a regional ban, of these imports.

US Posts Job Gains, But Job Quality Index Shows Rising Gap Among Skilled Labor

By Kenneth Rapoza, CPA Industry Analyst

The job market is coming back. Now we have to focus on rebuilding the economy, with a focus on above-average paying jobs and not just 25 hour a week service sector jobs.

Congressional Trade Committees Have Some Changes Coming

By Kenneth Rapoza, CPA Industry Analyst

Votes are not all in yet, but we can confirm that there will be a changing of the guard at the Senate Finance Committee, and new members coming to the House Ways & Means Committee in 2021. Here's all we know so far.

CPA Praises First-Ever Commerce Department Decision on Currency Manipulation

Countervailing duties will address Vietnam's subsidies and currency practices

Washington. The Coalition for a Prosperous America (CPA) praised a Commerce Department decision announcing preliminary countervailing duties (CVDs) on tire imports from Vietnam. The Commerce Department determined that tire producers in Vietnam received unfair subsidies due to the country's deliberately undervalued currency. This is the first time an affirmative countervailing duty determination has been issued in response to a country's currency practices.

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Congress Must Fix Failed GSP Trade Program

Congress has a lot on its plate right now.

But one of the most controversial decisions it faces is whether or not to renew the Generalized System of Preferences (GSP) tariff program established in 1974. Judging by the current state of the U.S. economy, however, it seems clear that the GSP must be drastically reformed in order to continue.

Infrastructure investment must include 'Buy America' rules

As politically polarized as the United States is right now, virtually everyone agrees on one thing. With millions unemployed in the wake of the COVID-19 pandemic, the nation urgently needs to create good jobs.?

In response, Washington appears to be coalescing around one key idea - a series of infrastructure projects to finally address America's crumbling roads, bridges, waterworks and schools.

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Op-ed | The Fight To Reshore US Pharmaceuticals

Editor''s Note:?Michael Stumo is CEO of the Coalition for a Prosperous America. Follow him at @michael_stumo

The coronavirus pandemic has revealed a troubling truth: Global supply chains operated by stateless multinational corporations simply aren't reliable. Americans are learning this in real-time as they see imports from China cut off, particularly for critical medicines and pharmaceuticals. That has put millions of lives at risk since 90 percent of the generic medications that Americans use each day are imported. Even worse, 90 percent of the ingredients for generic drugs used to treat coronavirus infections are sourced from China.

Commerce Department to Add Nine Chinese Entities Related to Human Rights Abuses in the Xinjiang Uighur Autonomous Region to the Entity List

Editors note: ?the department of commerce sanctioned nine Chinese companies for human rights abuses. This is in addition to the 24 companies also recently sanctioned, due to WMD and military activities.

The Department of Commerce''s Bureau of Industry and Security (BIS) announced the impending addition of the People's Republic of China's Ministry of Public Security's Institute of Forensic Science and eight Chinese companies to the Entity List, which will result in these parties facing new restrictions on access to U.S. technology. These nine parties are complicit in human rights violations and abuses committed in China's campaign of repression, mass arbitrary detention, forced labor and high-technology surveillance against Uighurs, ethnic Kazakhs, and other members of Muslim minority groups in the Xinjiang Uighur Autonomous Region (XUAR). This action will supplement BIS's first tranche of Entity List designations in October 2019 involving 28 parties engaged in the XUAR repression campaign in Xinjiang.

Commerce Department to Add Two Dozen Chinese Companies with Ties to WMD and Military Activities to the Entity List

Editors note: 24 Chinese companies have been sanctioned due to involvement in weapons of mass destruction or military activities. They are listed below.

The Department of Commerce's Bureau of Industry and Security (BIS) announced it will add 24 governmental and commercial organizations to the Entity List for engaging in activities contrary to the national security or foreign policy interests of the United States. The entities, based in China, Hong Kong, and the Cayman Islands, represent a significant risk of supporting procurement of items for military end-use in China.

Trump floats halt to U.S. cattle imports as pandemic hurts ranchers

Editor's note.?Yes, Mr. President. Halt cattle imports! Mexico and Canada live cattle imports drive US cattle prices down tremendously. Causing rural poverty, broken families, suicides, drugs. ?Halt cattle imports and watch rural America prosper.

WASHINGTON/CHICAGO (Reuters) - President Donald Trump said on Tuesday the United States should consider terminating trade deals under which it imports cattle as he looks to help U.S. ranchers hit hard by the coronavirus outbreak.

Rosemary Gibson: Made-in-U.S.A. Drugs Can Be Produced Faster, Cheaper, Better than in China

Editors note: Rosemary Gibson is a CPA member. We are very proud that she is making a difference in bringing drug production back to America.

Drugs can be manufactured in America more quickly, efficiently, and with better quality control than in China, said Rosemary Gibson, senior adviser at the Hastings Center and author of?China Rx: Exposing the Risks of America's Dependence on China for Medicine, offering her comments in an interview on Tuesday's edition of SiriusXM's Breitbart News Tonight with host Rebecca Mansour and special guest host John Hayward.

Is China Even Trying to Fulfill its Phase One Commitments?

Beijing buys Brazilian soy and homegrown polysilicon rather than US

By Jeff Ferry, CPA Chief Economist

It is starting to look like China is unlikely to fulfill the terms of the so-called Phase One agreement on purchases of US goods and services.

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A More Competitive Dollar Would Boost US Manufacturing

The rising dollar--35% in the past nine years--makes U.S. exports more expensive overseas.

In March, the Federal Reserve was forced to act in order to avert an international financial crisis. With corporations around the world closing down at the start of the COVID-19 crisis, payments from customers stopped. Foreign companies needed funding to meet their obligations. But they found banks suffering an acute dollar shortage. At the same time, large investment funds were trying to sell off stocks and bonds in order to buy U.S. assets. All of this sent the dollar's exchange rate soaring.

Trump Administration Moves to Safeguard US Solar Industry - Shuts Down Chinese Import Loophole

By Kenneth Rapoza, CPA Industry Analyst

Latest move to protect US solar manufacturers irks the Made in China importers who have vowed to fight it.

CPA Praises Presidential Proclamation on U.S. Solar Manufacturing

Trump administration closes tariff loophole on imports of bifacial solar panels

Washington. The Coalition for a Prosperous America (CPA) has strongly praised a new proclamation by President Trump intended to accelerate the growth of America's solar manufacturing industry.?The president's proclamation will close a loophole for tariffs on imported solar panels and also slow step-down in the tariff rate to 18 percent for 2021. CPA has long called for action to defend America's burgeoning solar industry against subsidized imports from China, and has urged the elimination of a tariff exemption for "bifacial" solar panels. The president's action is expected to safeguard thousands of skilled, good-paying jobs in America's solar sector while also preserving opportunities for future growth.?

China Fundraising On US Stock Markets This Year Hits $9 Billion, Tripling 2019 Level

By CPA Staff

Despite rumors of getting tougher on China listings on the US stock exchanges, more are on the way. One of China''s largest financial service platforms, Lufax, is expected to list later this month.

CPA Says Move to Eliminate Tariffs on PPE Would Sabotage U.S. Manufacturing, Health Care

The Coalition for a Prosperous America (CPA) charged that a new Senate bill to eliminate all tariffs on personal protective equipment (PPE) would sabotage U.S. manufacturing of these vital health care supplies and should be opposed by all who want to rebuild the U.S. health care manufacturing industry to safeguard the health of the American public.?

CPA said that the Stop PPE Taxes Act, a bill advanced by Senator Toomey (R-PA) and Senator Hassan (D-NH) and sponsored by Senator Feinstein (D-CA), would undermine the U.S. PPE industry, which is seeing a revival in U.S. production of masks and other essential supplies. The bill would waive tariffs on imported personal protection equipment through 2022.

U.S. Corporations Still Avoiding Corporate Taxes

David Morse is tax policy director at the Coalition for a Prosperous America Education Fund. Follow him on Twitter @CentristinIdaho.

There was a lot of fuss in late 2017 when Congress passed the Tax Cut and Jobs Act (TCJA). The legislation was expected to significantly revamp America's tax system - and hopefully tackle the thorny issue of corporate tax avoidance.

House GOP China Task Force Report Proposes Tax Breaks, Grants, Regulatory Easing to Fight China Dependence

By Kenneth Rapoza, CPA Industry Analyst

The House Republicans released their China Task Force report. Here''s what we liked about it.

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The Next Treasury Secretary Will Have A Big Impact On Trade

By Kenneth Rapoza, CPA Industry Analyst

Will Steve Mnuchin remain as Treasury Secretary in a Trump second term? What about Joe Biden? Who are his top picks if he becomes President in January?

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Covid-19 Drug: 8 Out of 10 Ingredients Come From China

By Kenneth Rapoza, CPA Industry Analyst

Michael Wessel, Commissioner of the US-China Economic and Security Review Commission, tells Senators we need to ramp up production of medical supplies here at home. No more relying on China.

China Policy Must Be About Making Economic Security A National Security Issue

By Kenneth Rapoza, CPA Industry Analyst

President Trump helped rewrite the book on China policy. Going forward, future presidents will be hard pressed not to view economic security as a matter of national security. In a recent webinar hosted by former Congressman?Robert Pittenger, the importance of semiconductors was called out as the CCP''s Greater Bay Area project seeks to replace US, South Korea and Taiwanese manufacturers with home-grown China stars instead.

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US Must Resist China's Latest Efforts to Dominate Solar Power Industry

By Jeff Ferry, CPA Chief Economist

Last year was a great year for the US solar power industry.

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Congressional Trade Committees Have Some Changes Coming

By Kenneth Rapoza, CPA Industry Analyst

Votes are not all in yet, but we can confirm that there will be a changing of the guard at the Senate Finance Committee, and new members coming to the House Ways & Means Committee in 2021. Here''s all we know so far.

CPA Praises First-Ever Commerce Department Decision on Currency Manipulation

Countervailing duties will address Vietnam's subsidies and currency practices

Washington. The Coalition for a Prosperous America (CPA) praised a Commerce Department decision announcing preliminary countervailing duties (CVDs) on tire imports from Vietnam. The Commerce Department determined that tire producers in Vietnam received unfair subsidies due to the country's deliberately undervalued currency. This is the first time an affirmative countervailing duty determination has been issued in response to a country's currency practices.

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Phenomenal World | The Class Politics of the Dollar System

CPA's take: This well-written article explains why dollar hegemony and overvaluation is bad for US productivity and working-class people around the world.?

The global dollar system has few national winners. In the typical frame, understanding the US dollar means understanding the "exorbitant privilege" it confers on America. But the role of the dollar in structuring the international financial system and defining the relationship between a hegemonic US and the rest of the world is ambiguous-as is the question of who exactly benefits from the current arrangement. Dollar primacy feeds a growing American trade deficit that shifts the country's economy toward the accumulation of rents rather than the growth of productivity. This has contributed to a falling labor and capital share?of income, and to the ballooning cost of services such as education, medical care, and rental housing. With sicknesses like these, can we say for certain that the reserve currency confers substantial benefits to the country that provides liquidity and benchmark assets denominated in that currency?

CPA Adds Trade Counsel and Industry Analyst to Staff

Washington. The Coalition for a Prosperous America (CPA) has added two new staffers to its executive team. The new hires-Trade Counsel Charles Benoit and Industry Analyst Kenneth Rapoza-will help CPA improve its advocacy for domestic industry at a time when Americans are increasingly turning away from products made in China.

"CPA has made great strides in recent years and we're very pleased to bring on Charles Benoit and Kenneth Rapoza to further expand our influence," said CPA Chair Dan DiMicco. "Both men bring lengthy experience to the task of rebuilding domestic industry. We're excited to see them join the fight, particularly as we look to decouple the U.S. economy from China."

Op-ed | A Five-Point Plan for Trump to Reshore American Industry & Win in November

CPA''s note:?Jeff Ferry is Chief Economist at the Coalition for a Prosperous America, a bipartisan coalition of business, labor, and farmers focused on restoring US prosperity. Follow him at @menloferry.

President Trump is running behind his Democratic challenger in the polls. However, past polling has been badly wrong - we need only look as far as the 2016 election for a particularly sharp example. Polls mean nothing if the president plays his cards right. With four months to go until Election Day, he still holds the cards necessary to win in November.?

Industry Group Coalition Supports Reshoring PPE Manufacturing

The AFL-CIO, USW, and 19 other groups released a joint statement on bringing PPE manufacturing back to the States.

On July 20, a coalition of 21 groups asked the U.S. government to support efforts to invest in domestic production of PPE, or personal protection equipment. The coalition included several manufacturing trade groups and unions, including the AFL-CIO, the Alliance for American Manufacturing, the American Iron and Steel Institute, and the American Steelworkers.

The 11 Sanctioned Chinese Companies: What They Sell, And To Whom They Sell It

CPA''s take:?A good rundown on the recently sanctioned Chinese companies by Ken Rapoza.

Another week, another round of sanctions against Chinese entities no one in the U.S. has heard of, but they have surely worn their T-shirts, opened their refrigerators, bought their yarn at Joann's Fabrics & Crafts, or sat in a New York subway car equipped by them.

Huawei-Funded Think Tank Takes Aim at Top China Hawk

CPA''s take:?Peterson Institute received $400K+ funding from Huawei

Peterson Institute for International Economics works with regime officials to rebut China criticism

We are at war and we don't even know it | Opinion

Editor''s Note: Don Buckner has been a CPA member since 2019.

Problem: We are at war and we don't even know it.

Post-Pandemic, American Businesses Want To Leave China; Europeans Don't

CPA''s take: More evidence that waiting for our "allies" before we act to address the China issue is lazy thinking.

Thanks to the pandemic, American businesses have come to learn that sourcing nearly everything from China is a bad idea. The vast majority of them are looking to source elsewhere post-pandemic, while their European counterparts are rather "meh" on the subject.

Hong Kong demands Taiwan officials sign ''one China'' document for visa renewal, source says

Editors note: Is Chairman Xi setting his sights on consuming Hong Kong next?

TAIPEI (Reuters) - Taiwanese officials in Hong Kong have been told their visas will not be renewed unless they sign a document supporting Beijing's claim to Taiwan under its "one China" policy, a person with direct knowledge of the matter told Reuters.

N95 Face Mask Makers Ramp Up Production to Meet U.S. Covid-19 Demand

Editor's Note: PPE is increasingly re-shoring. But need much more with hard-nosed industrial policy and tariffs on foreign suppliers who would erode domestic market share.

American companies like 3M, Honeywell and Prestige Ameritech are investing in domestic production of masks

Chinese government-owned firm wins $6.8M contract to supply security equipment to Canada''s embassies

Editors note: The Canadian government has lost its mind.?

The government of Canada has awarded an estimated $6.8 million contract to a state-owned Chinese company to supply security equipment for 170 embassies, consulates and high commissions around the globe.

Think It's Too Hard to Decouple From China? Think Again

Editor''s Note:?The business press is starting to turn its attention to the fact that China decoupling will happen.

It'll take work for corporate America to set up new supply chains and develop new consumers, but then again, the Chinese market took work, too.?

Don't Let China Take Over the U.S. Solar Industry

Though it has not been covered by the mainstream media, one of the major success stories of the Trump Administration can be found in U.S. solar manufacturing. Over the past three years American solar manufacturing capacity has increased nearly ten-fold, with factories opening and expanding in nearly a dozen states. This includes investment from some of the world's leading solar companies such as Q CELLS, First Solar, LG, and SunPower.

However, this progress is now at dire risk due to massive capacity investments by the Chinese government and meddling in U.S. affairs by Chinese companies. Immediate action is necessary to prevent high-profile U.S. factory closures and to avert the U.S. from becoming one-hundred percent reliant on Chinese imports to power its rapidly growing solar industry.

Detroit Bikes brings Schwinn production back to U.S.

Editors Note: More of this is needed

A Motor City bicycle maker?has left its training wheels in the dust.

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CPA Supports House Legislation on Uyghur Labor Disclosure

Requires securities issuers to disclose activities in Xinjiang, China

Washington. The Coalition for a Prosperous America (CPA) today praised House passage of the Uyghur Forced Labor Disclosure Act of 2020 (H.R. 6270). The legislation, led by Rep. Jennifer Wexton (D-VA) along with Reps. Brad Sherman (D-CA), Eleanor Holmes Norton (D-DC), and Andre Carson (D-IN), would require issuers of securities to publicly disclose activities related to China''s Xinjiang Uyghur Autonomous Region. Significantly, the Act differs from a recent House bill (H.R. 6210) that would designate goods produced in the Xinjiang region of China as being manufactured with forced labor.?

What If Things Were Made in America Again: One Man's Plan

CPA''s Take:?James Stuber is the co-chair of CPA''s Buy American Committee.

"When I had my 'lightbulb moment,' the realization that America which invented the lightbulb no longer made one, I also realized that the societal costs of offshoring manufacturing was disastrous," James A. Stuber told Worth.

Meet The US Law Firms Fighting For China

By Kenneth Rapoza, CPA Industry Analyst

A handful of law firms are suing Robert Lighthizer and the US government for China tariffs. One advises Customs & Border Protection. The other is DC''s biggest lobbying firm, and working on ZTE lawsuits.

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FDA Releases Massive List of Essential Medicines That Should Be Made In USA

By Kenneth Rapoza, CPA Industry Analyst

Score one for the local pharmaceutical industry. FDA''s essential medicine and critical inputs list gives domestic producers a a sense of exactly what government procurement contracts will place under Buy America provisions.

Tariffs Are Benefiting US Manufacturing

They are critical going forward, no matter who wins the presidency.

In 2019, something impressive happened in U.S. manufacturing. For the first time in six years, the share of U.S. manufacturing demand met by American-made goods increased. And according to the Reshoring Indexwe've produced at the Coalition for a Prosperous America (CPA), it''s the first time in this century that U.S. manufacturers have been able to win back share from importers in the later stage of an economic recovery. That's important, because America's domestic market is crucial for manufacturers-and was worth $7 trillion last year.

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Sugar Substitute Stevia Made With Forced Labor In China?

By Kenneth Rapoza, CPA Industry Analyst

Is the sugar substitute stevia being harvested and produced through forced labor in China? Homeland thinks so. And Customs & Border Protection agrees.

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Antony Blinken: End Europe Trade War, Sanction China Over Hong Kong

By Kenneth Rapoza, CPA Industry Analyst

Biden looking towards old Obama Administration hands to lead State Department.

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Trump Administration Moves to Safeguard US Solar Industry - Shuts Down Chinese Import Loophole

By Kenneth Rapoza, CPA Industry Analyst

Latest move to protect US solar manufacturers irks the Made in China importers who have vowed to fight it.

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China Solar Cells Face Consequence Of Doing Business In Xinjiang, Says Bank of America

By Kenneth Rapoza, CPA Industry Analyst

Wall Street has its eyes on the global solar industry as China''s Xinjiang province is increasingly in the spotlight for forced labor issues. The region just happens to be home to 30% of China''s polysilicon supply, a key ingredient used in making solar cells for solar panels.??

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CPA Supports House Legislation on Uyghur Labor Disclosure

Requires securities issuers to disclose activities in Xinjiang, China

Washington. The Coalition for a Prosperous America (CPA) today praised House passage of the Uyghur Forced Labor Disclosure Act of 2020 (H.R. 6270). The legislation, led by Rep. Jennifer Wexton (D-VA) along with Reps. Brad Sherman (D-CA), Eleanor Holmes Norton (D-DC), and Andre Carson (D-IN), would require issuers of securities to publicly disclose activities related to China''s Xinjiang Uyghur Autonomous Region. Significantly, the Act differs from a recent House bill (H.R. 6210) that would designate goods produced in the Xinjiang region of China as being manufactured with forced labor.?

What If Things Were Made in America Again: One Man's Plan

CPA''s Take:?James Stuber is the co-chair of CPA''s Buy American Committee.

"When I had my 'lightbulb moment,' the realization that America which invented the lightbulb no longer made one, I also realized that the societal costs of offshoring manufacturing was disastrous," James A. Stuber told Worth.

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FCC Moves On Getting Rid Of China Telecom In US Systems

By Kenneth Rapoza, CPA Industry Analyst

By the looks of things, the days of China telecommunications companies operating in the US are numbered. China Telecom under review to be booted from US teleco operations.

CPA Reshoring Index Shows Manufacturing Import Penetration Hit New Low in Q1 2020

By Steven L. Byers, PhD, and Jeff Ferry

The CPA Reshoring Index (CRI) rose to +173 in the first quarter of 2020, indicating that US manufacturers gained 1.73 percentage points of market share in the US market for manufactured goods. Import penetration in US manufacturing in the second quarter fell to 28.9%, its lowest level since 2014. The growth in US producers' share is a short-term result of the COVID pandemic suppressing foreign manufacturing and international shipping early this year. In the second quarter of this year, the US manufacturing sector gave back some of those initial gains. The Reshoring Index registered -45 and import penetration rose to 29.4%. Data for the third quarter is not available until early next year. Annual data on the CPA Reshoring Index is discussed in our Working Paper last June, launching the Index.

CPA Urges USTR to End Exemptions to China 301 Tariffs

CPA sent the following letter to Ambassador Lighthizer asking that the 301 tariff exemptions requested by importers and multinationals last year be allowed to expire on December 31, rather than be renewed.

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Tax Avoiders Should Not Get Bailout Money

Editor''s Note:?David Morse is the tax policy director at the Coalition for a Prosperous America Education Fund.

Right now, Washington is preoccupied with efforts to support struggling U.S. businesses during the COVID-19 pandemic. Surprisingly, some companies that use tax havens to avoid paying U.S. taxes are trying to get their share of this relief aid from the U.S. government. America's taxpayers would likely oppose the idea of giving bailouts to tax avoiders. They'd say that a company choosing to set up a tax haven in Bermuda should look to their tax domicile for a bailout, not the U.S. government.

March Trade Volume Collapses as US Deficit with China Hits New Low

Overall Deficit Rises 12% Due to EU, Mexico, & Canada

By Steven L. Byers, PhD and Jeff Ferry

As the US went into a self-imposed quarantine, US trade volume collapsed, with exports down 11 percent from a year ago and imports down 12 percent.?

Op-ed | Guest opinion: Opportunity is knocking for ending reliance on China for critical supplies

Editor''s Note:?Michael Stumo is CEO of the Coalition for a Prosperous America (CPA). Follow him at @michael_stumo

As the toll from the COVID-19 pandemic mounts, more and more Americans are saying the same thing: "We need to bring manufacturing back from China."

British doctors warn some Chinese ventilators could kill if used in hospitals

Excerpt:?"There is no confidence that this device should be used to transfer critical care patients within or between hospitals due to the unreliability of oxygen and ventilation delivery, lack of adequate safety alarms and continued need for fine titration of settings," it said, using a technical term relating to the fine-tuning of the devices.

Exclusive: "We believe that if used, significant patient harm, including death, is likely," British doctors said in a letter.

Expect More and Get Way More than Expected: Buy American

Editor''s Note: Greg Owens, owner Co-Founder & CEO, Sherrill Manufacturing/Liberty Tabletop,?is the Co-Chair of CPA''s Buy American committee.?

SHERRILL, N.Y. - Many of us have a renewed sense of purpose in our purchasing and are making conscious decisions to seek out and buy American made products. We all know this is important but there are aspects of why it is important that go beyond supporting our economy and manufacturing employees. The "value" of Made in America means far more.

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Electric Vehicle Tax Credit Highlights WTO China Folly

By Charles Benoit, CPA Trade Counsel

By the end of 2020, thousands of Chinese electric cars will have descended onto American streets. Everyone who buys one gets a $7,500 tax credit courtesy of Uncle Sam. But if you want to buy a current American-made electric car, like a Tesla or a Chevy Bolt, you get nothing.

How did we wind up in this mess?

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Why There Will Be a UK-EU Trade Deal By New Year's Eve---and What the US Can Learn From It

By Jeff Ferry, CPA Chief Economist

If you're not following the UK-EU trade deal negotiations, this is Europe's greatest current cliffhanger, pushing even the COVID crisis off the front pages in Britain and many EU nations. The European Union is no stranger to last-minute, through-the-night negotiations, but the stakes are very high in this one, as Britain is only days away from spinning out of its temporary transition period with the 27-nation EU and into a new world of mutual 10 percent tariffs, with the likelihood of chaos at all the ports and airports in the United Kingdom as flustered Customs officials try to figure out how to levy new tariffs on truckers who will be furiously impatient, having spent a week or more sitting in lengthy queues at ports like Dover and Calais. British consumers are reportedly stocking up on household goods this week and the phrase "panic buying" is on everyone's lips.

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White House letter puts Wall Street on notice about China investments

Editor's note: This letter by Robert O'Brien and Larry Kudlow to the US Railroad Retirement Board puts every pension fund, index fund, and mutual fund in America on notice that they are engaged in fiduciary malfeasance when investing in Chinese companies.?

As Chinese Trade Surpluses Persist, So Will Risk of Trade Wars

Editor's note: This is a good article getting at the fundamental causes of trade imbalances. China's - and other countries' - consumption suppression means they will export their overproduction and their unemployment. Trade officials are not doing their job if they don't understand this.?

By suppressing consumption, China imposes a production glut on the world, to the detriment of its own workers and trading partners

The Biden Plan to Rebuild U.S. Supply Chains and Ensure the U.S. Does Not Face Future Shortages of Critical Equipment

Editor's note: The Biden campaign released a plan to rebuild domestic manufacturing. There is recognition that we need to focus upon critical supply chains. However, there is no recognition thus far of the overall trade deficit, trade cheating and the need for tariffs. We are not going to out-subsidize China when looking to re-shore.?

Joe Biden will work to ensure that the U.S. does not face shortages of the critical products America needs in times of crisis and to protect our national security. To combat the COVID-19 pandemic, Biden will immediately marshal all of the tools of the Federal government to secure sufficient supplies, treatments, and, as soon as possible, a vaccine to combat the pandemic. At the same time, he will implement fundamental reforms that shift production of a range of critical products back to U.S. soil, creating new jobs and protecting U.S. supply chains against national security threats.

Op-ed | US, UK Should Partner on 5G as Huawei Concerns Build

Editor''s Note:?Jeff Ferry is chief economist at the Coalition for a Prosperous America (CPA). Follow him @Menloferry

Currently, there are only two non-Chinese wireless network vendors, Nokia and Ericsson.

CPA Encourages Members to Pursue New Federal Loan Program for Domestic Manufacturers

In response to the ongoing impact of the COVID-19 pandemic, the Defense Department (DOD) and the U.S. International Development Finance Corporation (DFC) have launched a program to provide federal loans for domestic U.S. industry. The initiative will make available $100 million from COVID-19 relief funds to help reshore critical domestic manufacturing capacity.

The funds being allocated are part of the much larger $2.3 trillion Coronavirus Aid, Relief and Economic Security Act (CASE) relief package.

White House Warns Against Chinese Investment, Citing Risk of Further Sanctions

Editors note: Why does Wall St keep pushing to support CCP companies? White House has to intervene again.

Economic and security officials warned a federal fund against putting retirement savings in China at "a time of mounting uncertainty" for the relationship.

COVID-19 Pandemic Reveals USDA Is Not Buying RFID Cattle Eartags from American Manufacturers

Editor's Note: The US Department of Agriculture needs to buy American.?

Member Op-ed | U.S. Must Finally Address Tax Avoidance Controversy

Editor''s Note:?Bill Parks sits on the CPA board of directors and is the founder of NRS Inc., an Idaho-based sporting goods manufacturer.?

Americans are undoubtedly frustrated with the double standard enjoyed by large multinational corporations.

Press Release | US Adds 4.8 Million Jobs as Economy Regains Some Pre-COVID Employment

Washington. The US added 4.8 million non-farm jobs in June as the economy bounced back from the depths of the COVID crisis. Combined with the 2.7 million jobs added in May, the economy has now added back 7.5 million jobs in two months. However, total June employment of 142.2 million is still 14.7 million jobs lower (9.6 percent) than the February pre-COVID level. The unemployment rate in June remained high at 11.1 percent.?

The Private Sector Job Quality Index produced by the Coalition for a Prosperous America (CPA) and its partners rose 2.0 percent, to a level of 83.13. This reflects a proportionate increase in the number of high-quality jobs in the US economy since low-quality, low-wage jobs have been hit harder by the COVID crisis.?

Senate Passes Sanctions Bill Against Chinese Officials Over Hong Kong

Editor's Note: CPA applauds unanimous congressional action to impose sanctions on China's Communist regime for imposing its oppressive national security law on Hong Kong, in violation of the 1997 agreement to respect Hong Kong democracy.?

Bill now heads to President Trump; White House hasn't indicated whether he supports legislation

US Trade Deficit Deepened to $54.6 Billion in May As COVID Impacted Trade

By Jeff Ferry, Chief Economist

The monthly US trade deficit climbed to $54.6 billion in May as the COVID crisis dented exports more than imports.

Company that has been serving American consumers for 200 years

Editor''s Note: CPA member?Roger Simmermaker has written five books on buying American and trade policy since 1996.

Roger Simmermaker reveals source for housewares and kitchenwares

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CPA Praises Presidential Proclamation on U.S. Solar Manufacturing

Trump administration closes tariff loophole on imports of bifacial solar panels

Washington. The Coalition for a Prosperous America (CPA) has strongly praised a new proclamation by President Trump intended to accelerate the growth of America's solar manufacturing industry.?The president's proclamation will close a loophole for tariffs on imported solar panels and also slow step-down in the tariff rate to 18 percent for 2021. CPA has long called for action to defend America's burgeoning solar industry against subsidized imports from China, and has urged the elimination of a tariff exemption for "bifacial" solar panels. The president's action is expected to safeguard thousands of skilled, good-paying jobs in America's solar sector while also preserving opportunities for future growth.?

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Paycheck Protection Program (PPP) Legislation for Christmas

by David Morse, Tax Policy Director

Congress seems likely to attach COVID-19 relief to a must-pass omnibus spending package before adjourning at Christmas this year. However, Congress will need more time to negotiate both regular government funding and extra relief provisions. The new bipartisan package that restarted negotiations includes a long-sought deductible for the first round of Paycheck Protection Program (PPP) loans as well as simplified forgiveness for loans under $150,000 and a second round of COVID Loans. Although the initial PPP loans were quite popular, the new legislation may still face obstacles.

CPA Supports Bipartisan Congressional Reform Efforts for Generalized System of Preferences (GSP) Program

More work needed to fix failed trade-aid program

Washington. The Coalition for a Prosperous America (CPA) today recognized two separate pieces of legislation introduced in Congress to correct longstanding flaws in America's Generalized System of Preferences (GSP) tariff program. Legislation introduced by House Ways & Means trade subcommittee Chairman Earl Blumenauer (D-OR) would add new criteria intended to strengthen the program's effectiveness. And a separate bill introduced by Sen. Josh Hawley (R-MO) would halt GSP trade benefits until the U.S. unemployment rate falls below four percent; it would also cancel benefits for countries associated with forced or child labor.

We Need Country-Wide Import Bans On China Human Rights Violators

By Kenneth Rapoza, CPA Industry Analyst

Are we going to force US labor compete with forced labor in China? Where we are certain of forced labor violations, Customs should move towards national bans, rather than company-specific bans on trade.

Washington Warns WTO That US Is Domesticating Essential Medicines

By Kenneth Rapoza, CPA Industry Analyst

If the US is going to have a serious Buy America strategy, it needs to make it bullet proof from World Trade Organization rules regarding the Government Procurement Agreement that essentially allows some 47 nations to bid on lucrative American government contracts. The Trump Administration recently told the WTO that it''s exempting essential medications from that agreement.?

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FDA Fumbles Abroad, Leading a University Health Plan To Ban an Imported Drug

By Kenneth Rapoza, CPA Industry Analyst

The University of Kentucky health plan banned an imported drug this week coming from India and Portugal. They''ve highlighted problems our members think need attention at the Food & Drug Administration. We believe the answers can be found right here at home.

Public Company Corporate Tax Under the TCJA and Sales Factor Apportionment

In this article, published in Tax Notes Federal on Sept 21, 2020, CPA Chief Economist Jeff Ferry and CPA Board Member Bill Parks analyze the federal corporate tax paid by the S&P 500 companies in 2019 and find they paid on average less than 9% in cash federal tax last year. The authors compare it to two alternative tax systems, flat-rate sales factor apportionment, and sales factor apportionment with a progressive sliding scale from 10% to 45%. The look at the revenue and economic implications of the alternative tax systems.?Our estimates show that by replacing the current system with an SFA system at 21 percent, the United States could have expected to earn an additional $97.8 billion in federal corporate tax receipts for 2019.

Sugar Substitute Stevia Made With Forced Labor In China?

By Kenneth Rapoza, CPA Industry Analyst

Is the sugar substitute stevia being harvested and produced through forced labor in China? Homeland thinks so. And Customs & Border Protection agrees.

Peter Navarro: Only Economic Nationalism Will Win the Day Against China

By Kenneth Rapoza, CPA Industry Analyst

Peter Navarro spoke with the Hudson Institute''s Michael Pillsbury and said economic nationalism is the only way to protect American manufacturing from China. He''s also listed what he calls China''s "Seven Deadly Sins".

CPA Letter on Rethinking Agriculture and the WTO

CPA sent the following letter to Trade Ambassador Robert Lighthizer supporting efforts to reform the WTO because it has not helped farm and ranch income. WTO rules also wrongly prevent the US from creating an effective agro-industrial strategy for rural America.

CPA Letter on Renewal of Generalized System of Preferences

Dear Chairman Grassley and Chairman Neal,

Congress Needs to Reestablish the Office of Technology Assessment

By Michael Stumo

In 2019, a House resolution established a bipartisan "Select Committee on the Modernization of Congress" that sought to make Congress more efficient and transparent. Recently, the Committee offered a lengthy list of recommendations to improve everything from staff pay and mailing procedures to cybersecurity and communications systems. However, amidst various mundane proposals was an intriguing suggestion-reestablishing the Office of Technology Assessment (OTA).

Defense Contractors Basically Have Two Years To "Yank China Out" Of Its System

By Kenneth Rapoza, CPA Industry Analyst

If you want to do business with the Department of Defense and NASA, for example, you will now have to make sure there''s not a hint of Chinese telecommunications equipment and video surveillance equipment anywhere in your building, or used by your vendors.?

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Federal Agencies Outline Plan to Help Farmers of Seasonal and Perishable Fruits and Vegetables

Washington, DC -- The Office of the U.S. Trade Representative, the Department of Agriculture, and the Department of Commerce today released a report outlining the Trump Administration's plan to address the threat posed by increased foreign imports to American producers of seasonal and perishable fruits and vegetables.

GM, Ford, Verizon Were Among Offshoring Leaders in 2019

By Jeff Ferry, CPA Chief Economist

CPA conducted an analysis of government data revealing that General Motors, Ford, and Verizon were some of the leaders in offshoring US jobs in 2019.

Commerce Department Bans Exports to Skywalker Drone Maker Along With 23 Other Chinese Companies

By Kenneth Rapoza, Industry Analyst, CPA

The latest Chinese company additions to the Commerce Department''s Entity List shows the growing influence of national security in the fight with China.

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Washing Machine Prices Put Economists Through the Wringer

By Kenneth Rapoza, Industry Analyst, CPA

Washing machine prices rose in 2018 and we are all reminded that tariffs are to blame. But they''ve been coming down ever since, inflation data shows.?

IMF warns against U.S. treatment of currency in CVD cases

CPA's Take: Very bad! The IMF has failed to stop currency manipulation. The US has acted with a modest regulation that defines when we can countervail foreign currency manipulation. Now the IMF is outrageously trying to stop that very modest regulation from being utilized. The US needs to go further and realign our overvalued dollar so our trade deficit narrows instead of balloons.?

The Trump administration's new approach to undervalued currency as a countervailable subsidy threatens to increase trade tensions and impinge on monetary policy, the International Monetary Fund staff said in a report this week.

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More Xinjiang China Companies Blocked As Human Rights Cases Mount

By Kenneth Rapoza, CPA Industry Analyst

Labor and human rights move to the fore in dealing with China. Sourcing cotton or computer equipment from Xinjiang? Look out.

WTO Finds Some U.S. Tariffs on China Violate Trade Rules

CPA''s Take: The WTO just pounded more nails into its own coffin. CPA is quoted in this article.

U.S. disputes finding, has long called World Trade Organization provisions inadequate

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The Mistake that Changed History: Failed China policy reaches its 20th anniversary

Clinton''s failed policy positioning China as world superpower

This month marks 20 years since the U.S. Senate voted to approve "normalized" trade with China. It was a mistake that now threatens to help position China as the world's superpower.

CPA Praises House Passage of Uyghur Forced Labor Prevention Act

Bill would ban imports produced through forced labor

Washington. The Coalition for a Prosperous America (CPA) today strongly praised House passage of the 'Uyghur Forced Labor Prevention Act' (H.R. 6210).The bill, which passed by an overwhelming 406-3 margin, would designate most goods produced in the Xinjiang Uyghur Autonomous Region of China as being manufactured through forced labor.?Doing so would preclude such products from being sold in the United States. CPA has frequently expressed serious concern about the treatment of ethnic Uyghurs?in Xinjiang, particularly those transferred to forced labor camps.

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September Trade Deficit Falls, China Deficit On Track To Be Lowest In Years

By Kenneth Rapoza, CPA Industry Analyst

As the trade deficit rises on the backs of some economic improvements, one thing stands out: a reduction in the China trade deficit.

Nexus Pharmaceuticals Gets FDA Green Light on Essential Drug

By Kenneth Rapoza, CPA Industry Analyst

CPA Member Nexus Pharmaceuticals adds 12th FDA approval to its roster of medicines. We think the new list of essential medicines, approved by the FDA on October 30, should bring more domestic production of key drugs to the US.

China Solar Cells Face Consequence Of Doing Business In Xinjiang, Says Bank of America

By Kenneth Rapoza, CPA Industry Analyst

Wall Street has its eyes on the global solar industry as China''s Xinjiang province is increasingly in the spotlight for forced labor issues. The region just happens to be home to 30% of China''s polysilicon supply, a key ingredient used in making solar cells for solar panels.??

FDA Releases Massive List of Essential Medicines That Should Be Made In USA

By Kenneth Rapoza, CPA Industry Analyst

Score one for the local pharmaceutical industry. FDA''s essential medicine and critical inputs list gives domestic producers a a sense of exactly what government procurement contracts will place under Buy America provisions.

Tariffs Are Benefiting US Manufacturing

They are critical going forward, no matter who wins the presidency.

In 2019, something impressive happened in U.S. manufacturing. For the first time in six years, the share of U.S. manufacturing demand met by American-made goods increased. And according to the Reshoring Indexwe've produced at the Coalition for a Prosperous America (CPA), it''s the first time in this century that U.S. manufacturers have been able to win back share from importers in the later stage of an economic recovery. That's important, because America's domestic market is crucial for manufacturers-and was worth $7 trillion last year.

Electric Vehicle Tax Credit Highlights WTO China Folly

By Charles Benoit, CPA Trade Counsel

By the end of 2020, thousands of Chinese electric cars will have descended onto American streets. Everyone who buys one gets a $7,500 tax credit courtesy of Uncle Sam. But if you want to buy a current American-made electric car, like a Tesla or a Chevy Bolt, you get nothing.

How did we wind up in this mess?

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