CPA’s Take: James Stuber is the co-chair of CPA’s Buy American Committee. “When I had my ‘lightbulb moment,’ the realization that America which invented the lightbulb no longer made one, I also realized that the societal costs of offshoring manufacturing was disastrous,” James A. Stuber told Worth. [Jonathan Russo | September 29, 2020 | Worth] James A.…
By Kenneth Rapoza, CPA Industry Analyst A handful of law firms are suing Robert Lighthizer and the US government for China tariffs. One advises Customs & Border Protection. The other is DC’s biggest lobbying firm, and working on ZTE lawsuits. The US put tariffs on China. Some companies were mad. Over 3,500 of them, according…
Report on the House Ways & Means Committee’s Trade Subcommittee Hearing on September 17, 2020. by Kenneth Rapoza, CPA Industry Analyst Thursday’s Trade Subcommittee hearing at the House and Ways Means Committee had just one industry leader providing testimony on the Xinjiang, China ban and the biggest takeaway is that tracing sources of supply is…
By Kenneth Rapoza, CPA Industry Analyst The Customs and Border Protection Agency has been alerted and is taking action against loopholes in the China Section 301 tariffs found in low value e-commerce. Customs and Border Protection is looking to close a loophole allowing goods priced at under $800 to escape the China trade war tariffs.…
By Kenneth Rapoza, CPA Industry Analyst Labor and human rights move to the fore in dealing with China. Sourcing cotton or computer equipment from Xinjiang? Look out. This week, Customs and Border Protection issued orders to block imports from five new companies stationed in Xinjiang, the infamous Western China province that is home to “re-education…
“Conscious Beauty. Clean Beauty. Green Beauty. Sustainable Packaging. Selfcare. Wellness. Health. Safety…” These are key buzzwords for today’s conscious-beauty consumer. She/he strives to protect the environment, prevent animal testing, ensure healthy ingredients, guarantee fairness in manufacturing and labor, and support noble social causes — all while looking beautiful. [Randa Fahmy | September 8, 2020 |…
By Kenneth Rapoza, CPA Industry Analyst American Manganese has a plan: take lithium, cobalt, manganese and nickel waste used to make EV car batteries and recycle them back into car batteries. This is one way to have control of our critical minerals supply and it helps promote a domestic EV battery market, a market that…
By Kenneth Rapoza, CPA Industry Analyst Summary: If we experience a global pandemic like this again, we know two things to be true: we can’t get critical medical supplies from China when China and the rest of the world need them too. We can’t rely on our allies to get it to us when they…
By Charles Benoit, CPA Trade Counsel U.S. Trade Representative Robert Lighthizer recently published an op-ed in the Wall Street Journal detailing a five-point plan for reforming the World Trade Organization (WTO). Lighthizer’s plan received superficial criticism from all his usual detractors. But what he proposed is genius. Lighthizer’s plan will expose the hypocrisy of so-called…
By Kenneth Rapoza, CPA Industry Analyst Joe Biden wants a Green New Deal and that means installing around 500 million solar panels nationwide. Where will the majority of those solar panels be made? In the USA, or China? If Joe Biden wins, solar is expected to play a large role in fossil-free energy over his…