Currency Misalignment Monitor, May 2023
The U.S. is the most overvalued among major currencies.
Solar Industry’s Employment Estimates Are Out of This World
The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
What is President Biden’s solar emergency declaration? And why is it being opposed by both parties?
In Latest House Ways & Means Trade Hearing, the Hardships of China ‘Decoupling’
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?
House Ways & Means Committee Argue Over China, Inflation Reduction Act
Will the Inflation Reduction Act further solidify Chinese multinationals as the indisputable champions of global ‘green tech’ manufacturing?
‘De Minimis’ Customs Rule an End Around Uyghur Forced Labor Law, Witnesses Tell China Commission
De minimis becomes topic of discussion at this week’s Congressional-Executive China Commission. CPA submits a letter on the issue calling for changes to the duty-free rule.
U.S. International Debt Has Doubled in Five Years to Over $50,000 For Each American
America’s international debt continues to grow. According to the federal government’s Bureau of Economic Analysis, our international debt, referred to in government data as Net International Investment Position (NIIP) reached negative $16.1 trillion at the end of 2022, in other words a debt of just over $16 trillion to foreigners. This is equivalent to 69%…
China Commission Warns of China’s Near Parity with US In Advanced Tech; Doubts Export Restrictions Are Working
The U.S. China Economic and Security Review Commission heard from 10 witnesses in a hearing on China’s defense tech. In some areas, from hypersonic missiles to drones, China is way ahead of us.
U.S. Monthly Trade Deficit Up 2.7% as Goods Gap Hits $183.2 Billion in Two Months
What the U.S. trade deficit for February is telling us about American supply chains, and dollar strength due to rising interest rates.
U.S. Treasury Continues Undoing of Inflation Reduction Act
On Friday, March 31, the U.S. Treasury launched their latest torpedo targeting the Inflation Reduction Act’s domestic manufacturing policies. This time, it’s over what countries have a “free trade agreement” with the United States. This is actually universally understood fact: there are twenty countries. But to grow the list beyond the twenty, so as to…