JP Morgan CEO Jamie Dimon, Others, Tell Congress They’ll Leave China If Told
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.
Urges Biden Administration to Robustly Enforce U.S. Trade Policy WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded an announcement by First Solar, the largest American solar manufacturer, that it plans to invest up to $1.2 billion in scaling production of American-made, responsibly-produced photovoltaic (PV) solar modules. As first reported by The Wall…
By Amanda Mayoral Summary Points Higher import dependence makes countries more vulnerable to price shocks Countries that are more import dependent often experienced higher inflation during recent supply chain shocks than less import dependent countries. Comparing countries globally, every four percentage point increase in import dependence is associated with a one percentage point increase…
CPA’s Model Tariff Schedule Shows Industrial Policy can Boost U.S. Economy, Domestic Manufacturing, and Wages WASHINGTON — The Coalition for a Prosperous America (CPA) today released the results of a new economic model, the CPA Model Tariff Project, that shows substantial benefits in growth and jobs from a broad-based implementation of additional tariffs on all…
ICYMI: SEIA’s Chinese Members’ Shipments Detained by CBP WASHINGTON — The Coalition for a Prosperous America (CPA) requested that U.S. Customs and Border Protection (CBP) add additional Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, subjecting them to the presumption that their goods are made with forced labor. Earlier this week,…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement applauding a provision in the Inflation Reduction Act that would provide tax credits for domestic production of multiple stages of the solar supply chain, including modules, photovoltaic cells, and solar-grade polysilicon. The provision resembles legislation introduced last year by U.S. Senator Jon…
In a surprise development last night, Senate Majority Leader Chuck Schumer (D, N.Y.) and Senator Joe Manchin (D, W.Va.), with support from President Biden, announced a deal on a massive tax, energy and healthcare legislative package. Sen. Kyrsten Sinema (D-Ariz.), as of the time of this writing, has not indicated her support, and she’s a…
By Amanda Mayoral This article is an expanded version of testimony delivered by Ms. Mayoral to the U.S. International Trade Commission on July 22, 2022. In his first State of the Union address, President Biden said “When I think about climate change, I think jobs”. I believe the president is correct about…
This article is an expanded version of testimony delivered by Mr. Ferry to the U.S. International Trade Commission on July 22, 2022. The Section 232 steel tariffs have benefited the U.S. steel industry and its workforce American steelworkers earned an average of $117,200 last year, making steel one of the best-paying industrial sectors in…
By Charles Benoit, CPA Trade Counsel Last month, President Biden stunned the trade community around the world when he announced a two-year legal immunity from our anti-dumping and countervailing duty (AD/CVD) laws for solar panels imported from Cambodia, Malaysia, Thailand or Vietnam (including Chinese ones that illegally circumvent duties through those countries). International cartels and…