Manufactured goods helped increase exports for June and lowered the trade deficit for the month. But on balance, the U.S. is careening towards another record-breaking year for the goods trade deficit.
CPA tax policy director, David Morse, explains why mostly-domestic companies with over a billion in profits might get a more even playing field with rivals who use profit shifting, offshoring, to pay less taxes.
Solar tax credits will make up for some of the damage done to the Section 201 solar safeguards. But Congress beware: the U.S. can’t out-subsidize China.
CPA chief economist Jeff Ferry says the CHIPS Act is needed to counter China’s rise in the semiconductor space, and that the R&D component of the bill needs to include guardrails so American academia isn’t beta-testing and researching new chips in partnership with Chinese universities and companies.
Commerce Department official tells House Foreign Affairs of the urgent need for the CHIPS Act, and says department is looking into more export controls on China.
U.S. solar industry getting little to no help from the Biden administration.
The Congressional Steel Caucus hears from steel industry executives on whether or not to keep tariffs in place. The answer was a resounding yes.
A strong dollar is likely to keep imports flowing for the time being, especially from the EU.
Tom Donilon, Chairman of the BlackRock Investment Institute, and a China bull, returns to Washington as co-chair of Foreign Affairs Policy Board.
A new index measures the amount of manufactured goods consumed in the U.S. that are made here opposed to imported.
