This decision represents a significant step toward protecting American solar manufacturers and the billions of dollars in U.S. investments at risk from China’s predatory and illegal trade practices.
This legislation would end China’s Permanent Normal Trade Relations (PNTR) status, a necessary move as China continues to flood global markets with artificially cheap goods, displacing U.S. investment and jobs.
There is still a significant amount of work left to fully address the threats posed by the Chinese Communist Party’s (CCP) growing overcapacity in the global automotive sector, particularly through electric vehicles (EVs).
CPA strongly urges the Biden administration to impose quotas and increase tariffs to address Mexico’s surge of steel imports in violation of the agreement.
The tariffs, originally implemented during the Trump administration and strongly supported by CPA, will now be raised on critical sectors, including steel and aluminum, semiconductors, electric vehicles, batteries, solar cells, critical minerals, ship-to-shore cranes, and medical products.
The report details how China has strategically positioned itself to dominate the U.S. and global solar markets through a combination of government subsidies, overproduction, and exploitation of U.S. policy loopholes—most notably, the tax credits created by the IRA.
We commend the Biden administration for taking initial steps towards closing the de minimis loophole, which China and transnational criminal organizations have weaponized against America.
The report reveals how U.S. financial giants — including BlackRock and Goldman Sachs — have formed joint ventures (JVs) with state banks controlled by the Chinese Communist Party (CCP), giving Beijing unprecedented influence over major U.S. financial firms and Wall Street executives.
“The Biden administration’s refusal to enforce the 2019 steel agreement agreed to, and then breached by, Mexico has led directly to this devastating plant closure,” said CPA CEO Michael Stumo.
By leaving out bills that would prevent Chinese companies from accessing Inflation Reduction Act tax credits, restrict U.S. capital from flowing into China, and close the de minimis loophole, the House is missing a critical opportunity for meaningful action.
