China Derisking? Not Really. Some Goods Now Sourced from Chinese Companies in Vietnam
Supply chains are still in the hands of Chinese companies but have been “rejiggered” to Vietnam and elsewhere.
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Job Quality Index Declines as Low-Quality Jobs Dominate Growth
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for November declined by 0.69% in November to 83.71. The latest job figures showed strong growth in low-quality sectors, i.e. industry sectors paying below-average weekly pay, strongly outweighed growth in high-quality sectors. The decrease in the JQI for…
CPA to Biden Administration: Do Not Grant Socialist Republic of Vietnam “Market Economy Status”
Akin to granting PNTR to China in 2000 WASHINGTON — The Coalition for a Prosperous America (CPA) called on the Biden administration to reject misguided calls to revoke the non-market economy status of the Socialist Republic of Vietnam — a nation where the economy remains highly controlled by the government. According to a report by…
CPA Applauds Rubio-Miller Bill to Prohibit Chinese Companies from Receiving Inflation Reduction Act 45X Tax Credits
Congress must act to prohibit Chinese companies from receiving Inflation Reduction Act tax credits.
October Trade Deficit Up 5% As EU, Mexico Goods Gap Breaks 2022 Levels
The October trade deficit rose, but the biggest takeaway from the latest data is how much the China goods gap is in decline this year.
Job Quality Index Declines in September, Manufacturing Employment Down Temporarily Due to Auto Strikes
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for September declined by 0.66% in September to 84.37. After a strong reading in August, the JQI continued its downward trend in the second half of the year. Interest rate hikes by the Fed appear to be softening…
CPA Applauds Baldwin, Colleagues for Urging Biden Administration to Correct Inflation Reduction Act Guidelines that Undercut U.S. Manufacturers
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded U.S. Senators Tammy Baldwin (D-WI), Sherrod Brown (D-OH), Bob Casey (D-PA), John Fetterman (D-PA), and Tina Smith (D-MN) for urging the Biden Administration to correct the Department of the Treasury’s guidance on the Inflation Reduction Act (IRA) program that is undercutting American clean energy…
Why China’s Apparel Makers Are Staging A Big Comeback
China is getting its clothing market back. Weaker economies are leading to less demand and that, plus skill sets and manufacturing capacity, is what’s bringing apparel makers back to the mainland.
USTR Katherine Tai Says U.S. Will No Longer Support WTO Data Storage Proposal
Tai is taking heat for a Biden administration decide to step aside on digital trade talks in the WTO. What was behind the decision and what’s being said about it.
CPA Applauds Congresswoman Tenney’s PILLS Act, Legislation to Boost U.S. Domestic Production of Generic Medicines
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the introduction of the Producing Incentives for Long-term Production of Lifesaving Supply of Medicines (PILLS) Act by Congresswoman Claudia Tenney (R-NY) which would incentivize the strategic reshoring of U.S. domestic production of generic medicines with a domestic production-based tax credit, domestic content bonus credit,…
