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.
Tax Provision in Reconciliation Bill would Limit Multinational Profit Shifting to Tax Havens
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…
What the CHIPS Act Really Means for U.S. Semiconductor Manufacturers
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.
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.
Another Blow to U.S. Solar: Environmental Policies Fail as Reconciliation Flounders
U.S. solar industry getting little to no help from the Biden administration.
Cleveland Cliffs CEO Tells House Steel Caucus Globalization Has Failed
The Congressional Steel Caucus hears from steel industry executives on whether or not to keep tariffs in place. The answer was a resounding yes.
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…
U.S. Trade Deficit Declines with Help from Commodity Exports, But Remains High
A strong dollar is likely to keep imports flowing for the time being, especially from the EU.
From BlackRock to Washington Again: Biden Adds Big China Fan to Foreign Policy Board
Tom Donilon, Chairman of the BlackRock Investment Institute, and a China bull, returns to Washington as co-chair of Foreign Affairs Policy Board.
American Manufacturers’ Share of U.S. Market Hits New Low
A new index measures the amount of manufactured goods consumed in the U.S. that are made here opposed to imported.