Both houses of Congress have bills that have passed committees, easily, in regard to building domestic supply of personal protective equipment for medical staff. These bills need to hit the floor so President Biden can sign them. But, more importantly, Buy American provisions face serious WTO risk, making all of this action moot.
A Senate Commerce hearing on supply chain resilience praises the U.S. Innovation and Competition Act, but forgets that there is a trade provision in that act that actually does harm to any plans to diversify supply out of China.
Elizabeth Warren, others, say American multinationals too cushy with China. And it’s come at the detriment to American manufacturing labor.
Financial backers of China companies involved in unreasonable surveillance, and Uyghur genocide, put on notice in State Department’s newest Xinjiang Supply Chain Business Advisory.
Dozens of trade organizations like the American Petroleum Institute and the California Retail Association want the House of Representatives to follow the Senate and weaken China tariffs.
Biden administration official Brian Deese talks about ‘Five Pillars’ to Build Back Better Post-Pandemic, and a national strategy to reindustrialize.
China polysilicon makers get put on the Entity List as one producer is prohibited from selling to the U.S. That means companies that rely on them for their solar supply chain are subject to import bans.
Canada wants to be top of mind for Buy America contracts. Thanks to the WTO, they already are. The White House needs to make Buy America policy a way to build domestic supply chains. “Work with allies” doesn’t mean “work for allies.”
Looks like the solar importers were wrong about a demand drop due to tariffs. We didn’t think they would be. There is room for both, but domestic supply chains should be revved up to support public power stations.
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
