Yesterday, Senator Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced that they reached a deal on a reconciliation package that would change current U.S. tax law to benefit domestic American companies. The Inflation Reduction Act will implement a 15 percent Corporate Alternative Minimum Tax (CAMT) on foreign and American multinational companies with…
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.
U.S. solar industry getting little to no help from the Biden administration.
By Charles Benoit, CPA Trade Counsel Last month, President Biden stunned the trade community around the world when he announced a two-year legal immunity from our anti-dumping and countervailing duty (AD/CVD) laws for solar panels imported from Cambodia, Malaysia, Thailand or Vietnam (including Chinese ones that illegally circumvent duties through those countries). International cartels and…
A new index measures the amount of manufactured goods consumed in the U.S. that are made here opposed to imported.
Homeland Security’s report to Congress on June 17 calls out Xinjiang Daqo New Energy, but leaves out its Shanghai operation listed on the NYSE.
Harry Moser of the Reshoring Initiative gives his assessment of America’s reshoring efforts in testimony to the U.S. China Economic and Security Review Commission.
The White House says more solar imports will help spread environmental justice in the U.S. Is Southeast Asia our new Environmental Justice League?
Voters support locally made solar. So why is the Biden administration giving China companies under investigation for trade violations in SE Asia duty-free access to the U.S.?
Leading customs authorities make the case against de minimis commerce By Charles Benoit, CPA Trade Counsel “De minimis” treatment for imports, which is available if the shipper declares the value under $800, cannot be effectively policed, and undermines fundamental fairness. That was the message from top authorities in the customs field at a Washington International…
