Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
Myths & Facts: the Commerce Department’s Investigation into Illegal Activity by Chinese Solar Manufacturers
In March of 2022, the U.S. Department of Commerce opened an investigation into the possible circumvention of 2012 Obama-era tariffs on solar panels from China. Large Chinese companies supported by Beijing are alleged to be circumventing those tariffs by shipping panels and parts from Cambodia, Malaysia, Thailand, and Vietnam instead of from China. These four…
CPA Joins USTR, Pro-Worker Groups in Opposing Toomey “Poison Pill” to Gut Sec. 301 China Tariffs
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement opposing Senator Pat Toomey’s (R-PA) poison pill effort to gut Section 301 of the Trade Act of 1974 and undermine efforts to address unfair foreign trade practices by China. Specifically, CPA is urging Senators to oppose the Toomey motion to instruct (MTI)…
Legislative Alert: Sec. 301 Poison Pill in Senate China Bill
Download CPA’s Legislative Alert here. OPPOSE TOOMEY MOTION TO INSTRUCT What’s happening: USICA’s trade provisions are a gift to China. It is far more than reinstating tariff exclusions. It attacks USTR and CBP’s ability to enforce our laws. In this alert, CPA is drawing attention to a particularly catastrophic provision, Sec. 73001 of the China…
House Foreign Affairs Warns of Potential for Job Deserts in Climate Change Policy
A House Foreign Affairs Committee hearing warned against creating economic dead zones in rush to switch to renewables.
Semiconductor Manufacturing Becomes Problem for Defense Industry, Senate Armed Services Committee Says
The Senate Armed Services Committee heard testimony this week from defense industry experts warning about the declining domestic market share for microelectronics.
Should the Renaissance in American Manufacturing be a Top-Down or Bottom-Up Approach? Perhaps the Answer is Both
By: Greg Owens, Co-Founder and CEO, Sherrill Manufacturing Inc. We have entered a new post-pandemic phase in world economic order. Deglobalization is now upon us. It started with a relatively “slow impact” move to decouple from China. This was characterized by diplomacy followed by limited and low-percentage tariffs on certain Chinese goods. Two years of…
CPA Letter to President Biden Opposing Investing Federal Retirement Dollars in Chinese Companies
CPA sent the following letter to President Biden opposing the Federal Retirement Thrift investment Board (FRTIB) proposal to enable hundreds of millions or billions of dollars of federal employee pension money to flow to Chinese state-controlled companies. Dear President Biden, The Federal Retirement Thrift investment Board (FRTIB) is proposing to enable hundreds of millions or…
Chinese Solar Manufacturers Hold Biden Administration to Ransom
Thirty years ago, Clint Eastwood held a gun to his rival’s head and asked the question: “Do you feel lucky, punk?” That is what the Chinese solar manufacturers are doing today, with President Biden at the other end of that Magnum 44 six-shooter. On March 28th, Biden’s Commerce Department decided to pursue an anti-circumvention case…
POLL: Voters Overwhelmingly Support China Tariffs
73% of American voters support the U.S. government using trade remedies on China to protect U.S. industries and American workers. 71% of voters supporting the U.S. government continuing to impose Section 301 tariffs on China. 61% of voters believe that increased imports have caused the U.S. to become dependent on China for goods that are…