Senators Brown, Vance, and Casey are right to sound the alarm on why Nippon’s acquisition of U.S. Steel poses a serious threat to American national and economic security.
Despite spending over $600 billion on prescription drugs, the number of drugs in shortage rose to a near-record total of 301 active medication shortages at the end of 2023.
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
The legislative package will end tax breaks for Chinese stocks, restrict sanctioned Chinese companies’ access to U.S. capital markets, increase transparency on risks to American corporations, and reduce exposure to these risks for retail investors and other Americans saving for retirement.
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
Mexico is fast becoming a new hub for China offshore investment and exports.
CPA welcomed a petition filed by five national labor unions with the U.S. Trade Representative requesting an investigation into China’s predatory trade actions in the shipbuilding sector.
For too long, federal tax and trade policy incentivized the offshoring of production and good-paying manufacturing jobs to countries like China.
“Our tax code is supposed to support American manufacturers in building out genuine domestic supply chains. It shouldn’t be exploited by the Chinese Communist Party,” said Brown.
Despite the best efforts of Ambassador Tai and others, it’s time for our lawmakers and the administration to take punitive action and address Mexico’s blatant disregard of the trade agreement.
