Entrepreneurs like Mark Cuban are putting real money on the line to build-up and promote domestic manufacturers instead of Asian ones. Will it be enough to slow a trillion-dollar goods deficit?
The post-pandemic recovery is becoming a China jobs program. Ports swamped with e-commerce shipments as China expands digital presence here.
Biden administration official Brian Deese talks about ‘Five Pillars’ to Build Back Better Post-Pandemic, and a national strategy to reindustrialize.
Some free trader Senators are still trying to revive the Trans-Pacific Partnership. New USTR nominees say to counter China, we need to “work with allies” in Asia. Fine. But TPP is not the answer.
China polysilicon makers get put on the Entity List as one producer is prohibited from selling to the U.S. That means companies that rely on them for their solar supply chain are subject to import bans.
Senators from the Foreign Relations Committee grilled two new Treasury nominees about sanctions. Capital market sanctions were mentioned only once. Will the new Treasury hires placate Wall Street, or follow Biden’s EO calling for divestment in 59 Chinese securities.
CPA has some ideas on where to go after China if Washington is serious about ‘genocide in Xinjiang’. Start by banning Wall Street money flow into China’s wanton human rights violators.
Canada wants to be top of mind for Buy America contracts. Thanks to the WTO, they already are. The White House needs to make Buy America policy a way to build domestic supply chains. “Work with allies” doesn’t mean “work for allies.”
China’s fast-fashion company Shein is the epitome of the new direct-to-China retail model. Unless de minimis trade rules are changed to match China’s the merger of the U.S. and China virtual economies will have a devastating impact on retail, manufacturing, and commercial real estate nationwide.
Looks like the solar importers were wrong about a demand drop due to tariffs. We didn’t think they would be. There is room for both, but domestic supply chains should be revved up to support public power stations.