By Charles Benoit, CPA Trade Counsel In December, the U.S.-China Commission, a group created by Congress to advise on managing the bilateral relationship, formally recommended that China lose its Most-Favored Nation (MFN) tariff status. Referencing the decision to grant China permanent MFN status in 2001, Speaker McCarthy said in remarks on the House floor yesterday…
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded an announcement by Hanwha Q CELLS, a global leader in complete clean energy solutions, that it will invest more than $2.5 billion—the largest solar investment ever in the U.S.—to build a complete solar supply chain in the United States. The company’s commitment to the…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after the U.S. House of Representatives voted in an overwhelming bipartisan fashion—365 to 65—to form the House Select Committee on China. The new committee will be chaired by Representative Mike Gallagher (R-WI). In December, Chairman Gallagher outlined his vision for the committee’s…
Canadian Solar is mostly Chinese-run and produced. Its solar panels in a Maine government project may be tainted by forced labor.
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the selection of U.S. Representative Jason Smith (R-MO) to serve as the Chairman of the House Ways and Means Committee for the 118th Congress. The powerful committee has jurisdiction over tax and trade issues. As Bloomberg reported, “Smith, who advocates positioning the GOP as…
U.S. pharmaceutical imports have skyrocketed in the last ten years, with imports from China, India and Mexico leading the surge.
WASHINGTON — The Coalition for a Prosperous America (CPA) today announced that the U.S. Private Sector Job Quality Index (JQI) rose 1.03% to 81.34 in November as employment in high-quality sectors including transportation equipment manufacturing and health care rose. Low quality jobs, i.e. jobs that pay weekly wages below the national average for all production and nonsupervisory (P&NS)…
A Department of Energy official warns that China’s outsized role in the solar industry is a headwind for Biden’s green energy plans, and energy security.
The November trade deficit fell, but that didn’t stop the U.S. from record imports this year. The goods deficit is now over $1.1 trillion.
Will China’s risk profile improve this year? By the looks of things, it will not. Some governments are divesting. For government fiduciaries, is it prudent to invest retirement accounts in China?
