CPA Calls on Biden Administration to Impose Capital Markets Sanctions on Russia

WASHINGTON —The Coalition for a Prosperous America (CPA) announced its support for increased sanctions on Russian companies and institutions – including capital markets sanctions and secondary sanctions on those who seek to help Russia circumvent U.S. sanctions. CPA commends the actions being taken to excise Russian companies from U.S. markets – but more must be…

War in Ukraine Highlights Critical US Dependencies on Russia-China Axis

War in Ukraine Highlights Critical US Dependencies on Russia-China Axis By Jeff Ferry and Amanda Mayoral   Summary Points The Russian invasion of Ukraine reveals the weakness of US industrial strategy and our over-reliance on imports in manufactured goods and raw materials. The US is import-dependent in many industries critical to US national security. A…

LG Announces U.S. Solar Factory Closure Just Weeks After Biden Guts 201 Solar Tariffs

WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after LG Electronics Inc. announced it was exiting the global solar panel business, a decision that will impact 160 employees and roughly 60 contract workers at LG’s corporate campus in Huntsville, Alabama, where the company has been assembling solar panels since 2018.…

CPA Applauds Passage of House China Competition Bill

WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the House passage of the America COMPETES Act of 2022 (H.R. 4521), the House’s China competition bill which contained a number of trade provisions that CPA supports and encouraged lawmakers to include. Specifically, the trade title of the House China competition bill represents a…

Biden Administration’s Gutting of 201 Solar Tariffs is a Gift to Beijing

WASHINGTON — The Coalition for a Prosperous America (CPA) heavily criticized the Biden administration’s decision to exclude bifacial solar panels in its extension of the Section 201 solar safeguard tariffs — a move that Bank of America bluntly called out as rendering the tariffs “largely toothless.” This decision is an outright rejection of the U.S.…

We Need to be Better at Industrial Policy

We Need to be Better at Industrial Policy By Amanda Mayoral, CPA Economist   Industrial policy is critical to competing in a global economy and maintaining our national security. In the world of U.S. economic policymaking, we need to stop wasting time debating whether to “do” industrial policy and rather debate how to improve it.…

Coalition Letter Regarding the COMPETES Act’s Inclusion of Legislation to Address De Minimis Loophool

CPA joined the following coalition letter in support of the inclusion of Representative Earl Blumenauer’s (D-OR) Import Security and Fairness Act in the America COMPETES Act, House Democrats China competition bill. CPA strongly supports the Import Security and Fairness Act, which will narrow an import loophole, known as de minimis, that is used by non-market…