China Trade Surplus Hits New Record
China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP.
In Senate Finance ‘Leveling the Playing Field’ Hearing on Trade, De Minimis Takes Center Stage
The Senate Committee on Finance discusses trade, as witnesses led by FedEx throw support behind the de minimis duty-free imports rule.
After China Balloon Incident, House Financial Services Talks Risks To US
What are the risks China poses to the U.S. industrial supply chain and what can be done about it? Some quotes from Congress and witnesses from a Feb. 7 hearing.
Treasury Takes Car Buyers and Congress For a Ride
Last August, President Biden signed the Inflation Reduction Act, a sweeping bill that has already led to tens of billions in private investment into U.S.
CPA Applauds Bipartisan Letter Urging Biden Administration to Take Action Against Mexican Steel Surge
Dramatic Increase Violates 2019 U.S.-Mexico Agreement WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded Senator Tom Cotton (R-AR) for leading a bipartisan
State Department Official Says U.S. Needs Domestic Investments in Supply Chains to Compete with China
Notes from the recent Senate Foreign Relations Committee hearing on China. What the No. 2 at State said about China and U.S. supply chain risk.
The Pleasure Island of Shein
Shein’s Fast Fashion business reminds me of the barker in Pinocchio, (to paraphrase) “Get your tank tops, dress, sweaters, and t-shirts! Buy all you can!
CPA Urges House Financial Services Committee to Crack Down on Chinese Outbound Capital Market Investment
Urges Lawmakers to Scrutinize PCAOB Deal with Chinese Auditors WASHINGTON — The Coalition for a Prosperous America (CPA) released a statement following a House Financial
Three Senators Send Letter to China Online Retailer SHEIN: Are You Using Banned Cotton?
A bipartisan trio of Senators sent a letter to China retailer SHEIN asking for assurances their clothes sold here are not made with banned cotton. They also inquire about the de minimis loophole that makes SHEIN possible.
Trade Deals Need to Reconsider Supply Chain Risks – GAO Report
A new report by the Government Accountability Office highlights the need for revamped trade deals. But missing from the discussion is the case for more local supply chains.
