Top Five Blunders (At Least) in Senate’s China Bill
Inside the U.S. Innovation and Competition Act sits the unsightly Trade Act of 2021. It is everything that is wrong with an otherwise good bill designed to tackle China.
Inside the U.S. Innovation and Competition Act sits the unsightly Trade Act of 2021. It is everything that is wrong with an otherwise good bill designed to tackle China.
One of the more problematic aspects of the new Senate bill called the U.S. Innovation and Competition Act is that it puts a massive dent in Section 301 tariffs, aka the China Trade War tariffs. Now industry groups want more tariffs cut.
The Senate bill designed to help America outwit, outlast and outplay China passed mostly along party lines. Here is what we liked about what’s inside. And where we hope the House will do some rewrites on trade matters.
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
The Center for American Progress just reminded Washington, and the Democrats, that protecting jobs is top of mind, not big trade deals.
American textile companies geared up to make masks and hospital gear at the height of the pandemic. Now China is bombarding the US with products.
If you want to build an inclusive economy, it starts with building things. CPA’s new Minorities Job Quality Index reveals how far behind Blacks and Latinos are versus the baseline. The reason: too many service jobs, not enough manufacturing jobs.
An amendment to the U.S. Innovation and Competition Act (formerly Endless Frontier) is good for beef country of origin labeling, bad for tariffs. Here’s why.
Senators Tammy Baldwin, Chuck Schumer, and others want consumers to know where goods sold online were manufactured. Big Retail wants the language removed from the Endless Frontier Act. What are they so worried about?