China EV battery makers are the world’s largest. The U.S. has none. So China is getting new contracts to build EV plants, thanks to Inflation Reduction Act. Some in Washington do not want IRA benefits going to China.
Congress Should Pass Legislation Prohibiting Chinese Companies from Receiving Inflation Reduction Act Tax Credits WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after Ford announced it would pause its deal with Chinese Communist Party (CCP) battery maker CATL. Ford’s partnership with the CCP-aligned battery maker has come under intense…
Companies are leaving China for Southeast Asia, but in many cases, that doesn’t mean they have stopped doing business with the same Chinese company.
House Science, Space & Technology Committee hears from Commerce Secretary Gina Raimondo on the progress of CHIPS Act funding. We’re getting there, she said.
China companies top the leader board for EV battery manufacturing. Overcapacity will lead to a glut in EV batteries. It’ll push down prices. It might also push some out of business, especially if based in the U.S. and Europe.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) for July was 85.09, down 0.41% from June. After several months of strong, high-quality job growth in the first half of 2023, the decline of the index reflects that job growth in the economy is slowing. Most of…
It is delusional to believe that a 21st century nation can achieve sustained economic growth and a thriving middle-class without manufacturing.
Unless Mexico immediately adheres to its 2019 steel obligations, the U.S. should reimpose Section 232 tariffs on Mexican steel imports.
Companies continue to invest in domestic solar thanks to all the new renewable energy tax credits. Without them, and tariffs, US solar would be China owned.
Industry Data Shows Mexico Deliberately Pricing 25% less than U.S. Products WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement calling on the Biden administration to address Mexico’s blatant and continuing breach of a 2019 joint agreement to lift steel tariffs in return for Mexico avoiding a surge of steel…
