Gov. Youngkin Sounds Alarm to Defense Secretary Austin on “China Solar” at Pentagon
Will the Pentagon spend $104 million on solar made by a Chinese company? It might be.
New View On Globalization Is Drifting Away From Old Consensus On Free Trade
The free trade consensus of economists, politicians, and financial pundits operating in polite society is fracturing.
China’s Auto Parts Makers Muscling In; One Raided By Homeland
After a generation of making cars with Western automakers, China has evolved into an electric vehicle (EV) force to be reckoned with.
GSP Trade Renewal Held Up In Senate Finance Committee
The renewal of the Generalized System of Preferences (GSP) is stuck in limbo in the Senate Finance Committee for now as leading Democrats don’t want to pass it without Trade Adjustment Assistance (TAA).
Economic View: “Comparative Advantage” Does Not Mean What You Think It Means
So what is comparative advantage? Comparative advantage occurs when the ratio of costs in one country differs from the ratio of costs in another.
China EV Battery Giants’ Supply Chains Full Of ‘Forced Labor’, Says House CCP Committee
China’s EV battery companies CATL and Gotion High Tech source materials from companies banned by the U.S. Department of Homeland Security (DHS) due to forced labor violations, the House Select Committee on the Chinese Communist Party said on June 6.
China Solar Company, Accused Of Circumventing Tariffs, Wants To Set Up Shop In Texas Free Trade Zone
If Trina does not get into the FTZ in Texas, they may cancel their September 2023 planned investment. Trina is building a factory in Mexico and can eventually ship solar here duty-free under the USMCA. At least, however, we would not be subsidizing them via the IRA.
Senators, House Reps Convince Commerce To Move Ahead On China Solar Investigation
The Chinese-dominated solar industry has come under increased pressure lately, with tariffs raised on May 14, a two-year moratorium on dumping duties ending on Thursday, and the U.S. International Trade Commission voting 4-0 to initiate a new solar trade case on Friday.
Is The Government Finally Getting Tough on De Minimis Shipments from China? (No.)
The laws have not changed to make duty-free de minimis shipping any more difficult, but U.S. Customs and Border Protection (CBP) is starting to get proactive.
Monthly Trade Deficit Suddenly Rises 8.7%, Surpassing Three-Month Trend Line
The monthly goods and services trade deficit between the U.S. and the rest of the world has skyrocketed by a whopping 8.7% to $74.6 billion in April, putting the month well above the three month trend line.
