By Kenneth Rapoza, CPA Industry Analyst In a Senate Finance Committee hearing on Tuesday, Ford and Intel ask for more tax incentives to keep manufacturing domestic. Meanwhile, Senator Sherrod Brown of Ohio reminds Ford that they just reneged on a promise to invest nearly $1 billion in northern Ohio despite the tax breaks they say…
By Kenneth Rapoza, CPA Industry Analyst Member feature: SK International is one of the unsung heroes of the modern American supply chain. We need more companies like this one in Michigan created by Kishen Kavikondala. Kishen Kavikondala, born in the crowded Indian city of Hyderabad, now an American citizen for the past 30 years is…
By Kenneth Rapoza, CPA Industry Analyst Energy Secretary Jennifer Granholm gets emotional on American manufacturers losing out to cheaper destinations in the global supply chain, and warns that if the US government does not have a national plan for the post-carbon transportation economy then China, others, will dominate those supply chains next. In fact, China…
By Kenneth Rapoza, CPA Industry Analyst Pew Research survey shows that Americans think human rights should surpass corporate interests in Biden’s China policies. When asked if the US should “try to promote human rights even if it harms economic relations with China”, 70 percent of those responding to a Pew Research survey said they were…
The State Department has declared a genocide in Xinjiang, China. What happens next?
By Kenneth Rapoza, CPA Industry Analyst The FDA hasn’t inspected nearly 1,000 overseas labs making drugs for the US market due to the pandemic. But that my be the least of its problems. We know where our sneakers and cars are made, but not the ibuprofen from the local drug store. Why not use country…
By Kenneth Rapoza, CPA Industry Analyst By most measures, China is preparing for the future. The 2021 Government Work Report is a reminder of what China plans to do remain resilient and a dominant force in global supply chains. The best way to look at China’s annual Government Work Report is that it is Beijing’s…
By Kenneth Rapoza, CPA Industry Analyst As states lift lockdowns, pent up demand from consumers and businesses are driving imports. But the data shows that where we have yawning deficits — in things like pharmaceuticals with wealthy nations — there is an urgent need to reshore and reverse the current import trend. If not, we…
By Kenneth Rapoza, CPA Industry Analyst The Government Accountability Office says more can be done to stop forced labor goods from coming into US ports. Here’s a look at some American apparel makers who have sourced from companies that are currently banned by Customs. No one is saying they did it on purpose. But global…
By Kenneth Rapoza, CPA Industry Analyst Anthony Blinken: the US will build a “foreign policy for the middle class.” This will require a massive reindustrialization push, and a Biden administration willing to be at odds with multinational corporate interests that are increasingly global in nature. Did Secretary of State Anthony Blinken just make free traders,…
