The China challenge has caused America to search for the tools it once deployed so well. It’s time to learn from the past — and regain America’s mighty industrial self-sufficiency. Plenty of lobbyists and policymakers in Washington extol the virtues of the free market, but they often do so without regard to the national interest.…
Creating a stark choice between American investment and forced labor operations is the best way to combat modern slavery in China. Public opinion of China has shifted drastically in the past decade. A recent Pew poll found that 83 percent of Americans now hold a negative view of the People’s Republic. That’s understandable given China’s long history…
Times are changing. Where the GOP once stalwartly supported “free trade,” many Republicans are now openly questioning the effectiveness of U.S. trade policy. And in Congress, both Republicans and Democrats are looking to rewrite America’s problematic trading relationship with China. In particular, bipartisan consensus is emerging on the need to overhaul an obscure part of U.S. customs…
Michael Stumo \ January 3, 2022 \ The Washington Times In addition to the health crisis spawned by the COVID-19 pandemic, the United States is now experiencing significant shortages of consumer goods. These troubles extend across a wide range of products, including everything from bicycles and cars to prescription medicines. But the problems run even…
Michael Stumo \ December 23, 2021 \ Inside Sources Much has been made in the news lately regarding America’s shortage of consumer goods. Increased consumer demand in the wake of the COVID pandemic has led to global shortages of many industrial products. And with cargo ships backed up and waiting to enter America’s congested west coast ports, there’s…
via Morning Consult President Joe Biden’s address to Congress made an ambitious case for building America’s clean energy future. Not only did the president pledge to create “millions of good-paying jobs,” but he aimed for all of his proposed advances in electric vehicles and renewable energy to be “made in America.” Helpfully, Biden even acknowledged the complexity…
President Biden is showing that he’s serious about his pledge to “Build Back Better.” His new $2.3 trillion “American Jobs Plan” offers a blueprint for both investing in the nation’s infrastructure and rebuilding U.S. manufacturing. Now, it’s Congress’s turn to weigh in on the specifics of the president’s proposal—and how to pay for it. If…
By Kenneth Rapoza, CPA Industry Analyst In a Senate Finance Committee hearing on Tuesday, Ford and Intel ask for more tax incentives to keep manufacturing domestic. Meanwhile, Senator Sherrod Brown of Ohio reminds Ford that they just reneged on a promise to invest nearly $1 billion in northern Ohio despite the tax breaks they say…
By Kenneth Rapoza, CPA Industry Analyst Member feature: SK International is one of the unsung heroes of the modern American supply chain. We need more companies like this one in Michigan created by Kishen Kavikondala. Kishen Kavikondala, born in the crowded Indian city of Hyderabad, now an American citizen for the past 30 years is…
By Kenneth Rapoza, CPA Industry Analyst Energy Secretary Jennifer Granholm gets emotional on American manufacturers losing out to cheaper destinations in the global supply chain, and warns that if the US government does not have a national plan for the post-carbon transportation economy then China, others, will dominate those supply chains next. In fact, China…