The multilateral trading system, birthed on October 30, 1947, was unceremoniously knifed and left for dead by President Biden’s signing of the Inflation Reduction Act.
A look at what some senior executives are saying this earnings season about the dollar’s misalignment with the major currencies of the world.
CPA economists Jeff Ferry and Amanda Mayoral explain the continued deterioration of market share for domestic producers versus imports.
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.
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.
CPA tax policy director, David Morse, explains why mostly-domestic companies with over a billion in profits might get a more even playing field with rivals who use profit shifting, offshoring, to pay less taxes.
In a surprise development last night, Senate Majority Leader Chuck Schumer (D, N.Y.) and Senator Joe Manchin (D, W.Va.), with support from President Biden, announced
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.
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
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.
