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.
Background In March of 2022, the U.S. Department of Commerce initiated an investigation into Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia that are illegally circumventing existing antidumping and countervailing (AD/CVD) duty orders on solar cells and modules from China. In December of 2022, Commerce issued a preliminary determination that found that Chinese companies…
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)…
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…
A House Foreign Affairs Committee hearing warned against creating economic dead zones in rush to switch to renewables.
The Senate Armed Services Committee heard testimony this week from defense industry experts warning about the declining domestic market share for microelectronics.
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 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…
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…
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…
