JP Morgan CEO Jamie Dimon, Others, Tell Congress They’ll Leave China If Told
Washington proves to be more hawkish on China than Wall Street. Especially in the House of Representatives. A look at a recent House Financial Services Committee meeting.
In Senate Intelligence Hearing, Should U.S. Outbound Investment to China be Monitored?
Some in the Senate, like Sen. Bob Casey, say Washington needs to monitor what type of investment corporate America is making in China.
Trade Deficit Declines by 12% in July as Economic Slowdown Begins
The July trade deficit fell to its lower level of the year, a sign of a slowing economy. However, if trends continue, the goods deficit will break another record in 2022.
CPA Chief Takes Slings & Arrows on Trade Policy, Inflation
At the Washington International Trade Association, agreement that removing tariffs will have almost no impact on inflation. Disagreement over whether we should have them anyway.
CPA Economist Jeff Ferry’s Final Installment on the “America Way” of Growth
Jeff Ferry, CPA’s chief economist, takes a historical look at the early days of American industrial might, how it all went wrong through hyperglobalization, and where we must go from here.
CPA’s Chief Economist Jeff Ferry on the “American Way” of Economic Growth
Jeff Ferry pens a two-part series on the history of the American rise from new nation, to new industrial power. How it happened may surprise some.
China Commission Hears Testimony from Reshoring Advocate
A China Beige Book executive makes the case for reshoring in testimony to the U.S. China Economic and Security Review Commission. Meanwhile, U.S. manufacturers continue to lose local market share to imports.
June Trade Deficit Drops 6.2%, But 2022 Still Set for Highest Deficit Ever
Manufactured goods helped increase exports for June and lowered the trade deficit for the month. But on balance, the U.S. is careening towards another record-breaking year for the goods trade deficit.
U.S. Solar Sector Gets Huge Relief in Inflation Reduction Act of 2022
Solar tax credits will make up for some of the damage done to the Section 201 solar safeguards. But Congress beware: the U.S. can’t out-subsidize China.
House Foreign Affairs Committee Talks China Export Controls, CHIPS Act
Commerce Department official tells House Foreign Affairs of the urgent need for the CHIPS Act, and says department is looking into more export controls on China.