CPA economists Jeff Ferry and Amanda Mayoral explain the continued deterioration of market share for domestic producers versus imports.
CPA tax policy director, David Morse, explains why mostly-domestic companies with over a billion in profits might get a more even playing field with rivals who use profit shifting, offshoring, to pay less taxes.
Canada Supports Democrats’ Call for Effective Tariff Protection of North American Automobile Industry
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…
Yesterday, Senator Majority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) announced that they reached a deal on a reconciliation package that would change current U.S. tax law to benefit domestic American companies. The Inflation Reduction Act will implement a 15 percent Corporate Alternative Minimum Tax (CAMT) on foreign and American multinational companies with…
CPA chief economist Jeff Ferry says the CHIPS Act is needed to counter China’s rise in the semiconductor space, and that the R&D component of the bill needs to include guardrails so American academia isn’t beta-testing and researching new chips in partnership with Chinese universities and companies.
U.S. solar industry getting little to no help from the Biden administration.
Senator Grassley Chooses Foreign Kingdom’s Subsidized Fertilizer Over Florida and Illinois Producers, Abandons Claimed Principles
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…
A new index measures the amount of manufactured goods consumed in the U.S. that are made here opposed to imported.
Homeland Security’s report to Congress on June 17 calls out Xinjiang Daqo New Energy, but leaves out its Shanghai operation listed on the NYSE.
Harry Moser of the Reshoring Initiative gives his assessment of America’s reshoring efforts in testimony to the U.S. China Economic and Security Review Commission.