By Kenneth Rapoza, CPA Industry Analyst The Office of Trade and Manufacturing Policy recently published a quick look at some of the ways the government has tried protecting US manufacturing jobs. The White House released its report on its Buy America track record on Friday, and as we approach an election, we are hopeful that…
By Kenneth Rapoza, CPA Industry Analyst A Senate Armed Services Committee hearing on Thursday highlighted the ways the Department of Defense is taking on China. In Thursday’s Senate Armed Services Committee hearing, chairman Dan Sullivan (R-AK) said what we all believe here at the Coalition for a Prosperous America, loud and clear, and he said…
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. The US put tariffs on China. Some companies were mad. Over 3,500 of them, according…
Report on the House Ways & Means Committee’s Trade Subcommittee Hearing on September 17, 2020. by Kenneth Rapoza, CPA Industry Analyst Thursday’s Trade Subcommittee hearing at the House and Ways Means Committee had just one industry leader providing testimony on the Xinjiang, China ban and the biggest takeaway is that tracing sources of supply is…
By Kenneth Rapoza, CPA Industry Analyst The Customs and Border Protection Agency has been alerted and is taking action against loopholes in the China Section 301 tariffs found in low value e-commerce. Customs and Border Protection is looking to close a loophole allowing goods priced at under $800 to escape the China trade war tariffs.…
By Kenneth Rapoza, CPA Industry Analyst American Manganese has a plan: take lithium, cobalt, manganese and nickel waste used to make EV car batteries and recycle them back into car batteries. This is one way to have control of our critical minerals supply and it helps promote a domestic EV battery market, a market that…
By Ken Rapoza, CPA Industry Analyst The pandemic has curtailed exports and imports and today’s trade numbers showed a slight decline in the trade deficit. The June deficit came in at $50.7 billion, 7.5 percent better than the $54.8 billion deficit in May, based on the Bureau of Economic Analysis data. From January to June,…
