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,…
By Kenneth Rapoza, CPA Industry Analyst President Biden’s Executive Order on critical supply chains and their resiliency needs special attention to be placed on the mining and the recycling of key minerals used in electronics, electric car batteries and magnets used in defense navigational equipment. President Joe Biden issued an Executive Order last week to…
By Kenneth Rapoza, CPA Industry Analyst Shipping companies are preferring to send empty containers to Asia, in order to offload them and fill them with China goods bound for the US at a much higher price. Twenty-four Senators from farm states are now getting involved. Our new export to China: empty space inside a container…
By Kenneth Rapoza, CPA Industry Analyst With the exception of scolding China and threatening fines against companies doing business in Xinjiang — home to the Uyghur Muslims — many of our key allies from Canada to Europe do not see eye-to-eye with Washington on dealing with Beijing’s economic model. Even the WSJ and FT are…
By Kenneth Rapoza, CPA Industry Analyst Following her Senate hearing, future USTR Katherine Tai responds to written questions. Here’s how she handled questions on the Section 301 China tariffs, solar and Biden’s Made in America Executive Order. Fresh off her hearing with the Senate Finance Committee, Biden’s pick for USTR, Katherine Tai, has now responded…
How does trade work when we don’t have a free trade agreement in place? What kind of tariffs do we have in place? Melissa speaks with Chuck Benoit, CPA’s Trade Counsel, to talk about this issue and why it’s time to reform our default tariffs.”
By Kenneth Rapoza, CPA Industry Analyst China is increasing its coal capacity at a time when the US and Europe are increasingly worried about climate change. The Biden administration has come out with at least two major talking points (three, if you count diversity and inclusion) since winning the White House. Both run counter to…
By Kenneth Rapoza, CPA Industry Analyst Katherine Tai inches closer to being confirmed as new US Trade Representative. While she spoke cautiously about the direction tariffs will take on China and some products like solar, she understands their purpose. Here’s an overview of her hearing on Thursday. After Thursday’s Senate Finance Committee hearing with Katherine…
By Kenneth Rapoza, CPA Industry Analyst New York-based manufacturing firm Optimation is an example of the unsung, anonymous tooling companies in the middle of the American supply chain that are needed to make everything from peanut butter factory equipment, to giant concrete bases for windmills. Without them, it would make more sense to build elsewhere…